December 18, 2014 BY LeapRate Staff

GAIN Capital extends board rights of VC investor VantagePoint

After losing longtime investor Edison Partners which distributed its 13.5% GCAP position to its own LP investors earlier this month, retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has extended the board rights of its other major outside investor, venture capital firm VantagePoint Ventures. VantagePoint owns nearly 22% of GAIN Capital's shares, currently worth around $86…

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December 16, 2014 BY LeapRate Staff

Interactive Brokers hit by ASIC for $1.6 million for margin lending to Australian traders

The long arm of Australian law... Australia's financial regulator ASIC has settled with US-based online trading firm Interactive Brokers (NASDAQ:IBKR) on an agreement which will see IBKR refund $1.5 million in fees and commissions to its Australian clients which were granted margin lending facilities between 2010 and 2013. IBKR made margin loans to Australian clients…

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December 13, 2014 BY LeapRate Staff

Japan election Sunday sends Yen trading volumes into overdrive

LeapRate has learned from a variety of sources that Japanese Yen trading volumes have spiked the past two weeks, ahead of Japanese general elections tomorrow. Yen volatility over that period, despite the election's predictable outcome, seems to support what we've heard. This of course follows two near-record months for some of Japan's leading retail forex…

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