Japanese online trading broker Monex Group, Inc. (TYO:8698) has announced that it has been 40% successful in its planned share buyback. The company has spent ¥647.5 million ($5.2 million) to buy back 1.98 million of its own shares in the open market, in transactions which took place between July 10 and July 31. Monex recently…
Read moreKarpeles is suspected by Japanese police of inflating the value of his own account by $1 million, and faces up to five years in prison.
Read moreCFTC complaint results in one of the largest fines ever handed out to individuals in the US for currency trading fraud.
Read moreLeading Swiss online trading and retail forex broker Swissquote Group Holding SA (SWX:SQN) has seen its shares drop 11% in the two trading sessions since releasing its financial and operating results for the first half of 2015 on Tuesday morning. Swissquote shares, somewhat ironically, typically carry a lot less volatility than the industry Swissquote serves, trading in…
Read moreLeapRate Exclusive... LeapRate has learned from industry sources that FXCM's next asset sale will be that of its regulated UK CFD arm FXCM Stock Trading. Apparently FXCM is in advanced negotiations to sell FXCM Stock Trading to AS Expobank. Controlled by Russian multimillionaire Igor Kim, Expobank is one of the oldest banks in Latvia, with a branch…
Read moreHowever cost recovery will likely only be sought in cases where ASIC's investigation leads to a successful prosecution or civil proceeding.
Read moreWith a number of the LeapRate staff being cycling enthusiasts, we would like to wish a hearty congratulations to our client Saxo Bank for the excellent showing of Team Tinkoff-Saxo at this year's Tour de France. While team favorite Alberto Contador failed to take the overall tour, placing fifth after having won this year's Giro…
Read moreWhat will this week bring to the publicly traded retail forex brokers? Well it likely won't be much worse than last week. Three of the industry's most recognized names, at least to public market investors, saw some tough sailing and lost combined more than $400 million in market value in the July 20-24 trading week.…
Read moreWell it looks like investors are not amused with FXCM's plan to do a 1:10 reverse split of its shares. FXCM Inc (NYSE:FXCM) shares tanked 12% on Wednesday, following the company's announcement late Tuesday that investors will receive 1 share for each 10 which they currently hold - something investment bankers call a 'Reverse Stock…
Read moreThe market seems to be expecting good results for Fiscal 2015, to be reported tomorrow by IG.
Read more