After reporting on Tuesday that its fiscal Q2 revenues (for the quarter ending November 30, IG has a May 31 year end) would hit an all-time best, IG shares followed suit. IG Group stock (LON:IGG) completed a 13% climb during the month of November by hitting an all-time high of £6.81, giving IG a market…
Read moreCompagnie Financiere Tradition SA and The Ueda Yagi Group have announced a new joint venture to broker Japanese Derivatives. Tradition has a long history in Japan, being a part of the Japanese market since 1985. Tradition owns Gaitame, one of Japan's leading retail forex brokers. Ueda Yagi has an even longer history and record in the Japanese…
Read moreLeapRate Exclusive... LeapRate has learned that former FXCM executive Tal Zohar will be joining IG Group (LON:IGG) in a senior management role. Zohar will report to the Group CEO, Tim Howkins, and will lead several innovative projects in the fields of Customer Relations and advanced financial products. Zohar served for the last five years as CEO…
Read moreBreaking Forex News... The next step in the KVB Kunlun sale saga has taken place, with the company disclosing some important - yet surprising - information. Specifically, KVB's major shareholder, Mr. Li Zhi Da, has agreed to tender most of his 75% stake in KVB to a still unnamed acquirer for HK$0.65 per share, valuing…
Read moreThe Wall Street Journal has reported that CySEC-regulated retail forex broker eToro is close to finalizing a $15 million investment from Chinese insurance giant Ping An and Russia's largest bank, Sberbank. The financing is strategic, with both Ping An and Sberbank to help eToro expand in their respective home markets, China and Russia, following the…
Read moreAfter surging to record volumes in September, things cooled off a little in October for CLS, the world's largest FX settlement service - and therefore a good proxy for overall activity in the world's currency markets. The average daily input value submitted to CLS in October was $5.29 trillion, down 10.9% from a record $5.94…
Read moreThe US Securities and Exchange Commission (SEC) today suspended trading in four companies that claim to be developing products or services in response to the Ebola outbreak, citing a lack of publicly available information about the companies’ operations. The SEC simultaneously issued an investor alert warning about the potential for fraud in microcap companies purportedly…
Read moreThe following is taken from an original article on LeapRate Russia. For more Forex related articles written in Russian see LeapRate Russia at ru.leaprate.com. One of the top officials at the Bank of Russia insists that banks do not need the Forex business at all, as it is closer to gambling rather than financial activities.…
Read moreTrading volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 28% from the same period in 2013, a month in which the Exchange significantly expanded its Emerging Markets portfolio with four new products. October saw the year’s second highest monthly volume with volumes touching 1,044,396 contracts. DGCX's currency segment grew 31% year-on-year, accounting for…
Read moreCyprus financial regulator CySEC has taken measures to suspend the CIF license granted to WGM Services Ltd., parent of binary options broker EZTrader.com. EZTrader also owns and operates the GlobalOption.com and EZInvest.com brands, and the 888binary.com which targets the Chinese market. EZTrader reported revenues of $7.95 million for the first six months of 2014, but was…
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