The following article was written by Anya Aratovskaya, VP of Institutional Sales at Advanced Markets and Fortex, Inc. Our marketing team gets countless emails from retail traders requesting demo versions of our FIX API. Advanced Markets does not work directly with retail traders (the firm only deals with institutional clients), however, upon researching these requests…
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LeapRate Exclusive... LeapRate has learned that Jason Gibson has left London based institutional FX broker FIXI plc, to set up a new Retail FX brokerage brand called 888 Markets, at website 888markets.com. The new business, formally incorporated as Triple Eight Markets Group Ltd, is acting as an Appointed Representative of FCA-regulated FIXI. The new company is a…
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LeapRate Exclusive... LeapRate has learned that embattled Australia based Retail FX broker Direct FX Trading Pty Ltd has been placed into liquidation. The move became effective as of October 11. Jason Tracy, a Partner in the Financial Advisory group of Deloitte's Restructuring Services arm in Australia was named as Liquidator. The liquidator's plans are apparently to…
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Another major institutional player has taken a large bet on online gaming and financial trading company Playtech PLC (LON:PTEC), with regulatory filings showing that US banking giant JP Morgan has picked up an effective 6.41% stake in Playtech over the past few days, JP Morgan's stake consists mainly of a series of cash-settled equity swaps, plus…
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ATFX, a leading online trading broker, has announced a new selection of contract-for-difference (CFDs) products, including thirty-eight US stocks and twelve popular German ones. The newly augmented selection features leading blue-chip stocks from the tech, financial, and other main sectors. The latest addition to ATFX’s family of products includes household names such as Apple Inc.,…
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The Depository Trust & Clearing Corporation (DTCC), which provides post-trade market infrastructure for the global financial services industry, has announced it will launch a new, on demand, real time, centralized communications service for the mutual fund industry by the end of 2018, the first service of its kind from DTCC’s Wealth Management Services (WMS) division…
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The following article was written by FXTM Senior Staff Writer Nikola Grozdanovic. The deadline for Italy submitting its proposed national budget to the European Commission has arrived, and the markets are holding their proverbial breath as the review process gets underway. There have been jitters already, thanks to growing fears of the proposal’s plan to…
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What are the FCA's plans for the "day after" in case a Hard Brexit happens, with no agreement in place with the EU on MiFID and passporting? Why did Playtech raise €530 million? Why is FOREX.com parent company GAIN Capital returning $50 million in capital to shareholders? How did the shares of Retail FX brokers do…
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Copenhagen based Retail FX broker Saxo Bank Group has announced that it is expanding its India presence and relocating more than 500 employees into a new and bigger office in Gurugram. The company stated that the move reflects its major investments in technology with the Gurugram office as a hub for fintech innovations. Saxo Group…
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The U.S. Securities and Exchange Commission (SEC) has announced that it has obtained an emergency court order halting a planned initial coin offering (ICO), which backers falsely claimed was approved by the SEC. The order also halts ongoing pre-ICO sales by the company, Blockvest LLC and its founder, Reginald Buddy Ringgold, III. An SEC complaint…
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