London Capital Group Holdings plc (LON:LCG), the provider of spread betting and CFD trading services, saw its shares rise 11% after reporting its final financial metrics for 2014. The 2014 results themselves were far from strong, showing a drop in profits and revenues, but markets were obviously disregarding these and focusing on the 2015 forecast by…
Read moreMF Global, the ill-fated brokerage, went insolvent in 2011 but the saga around the bankruptcy, return of customer funds, litigation and regulatory probes of the corporate management, seems to be never-ending. Today brought a piece of good news to the creditors of MF Global Inc (MFGI). James W. Giddens, Trustee for the liquidation of MFGI,…
Read moreLeapRate's loyal readers must already be somewhat accustomed to the Financial Conduct Authority (FCA) issuing warnings against clones of authorized online trading companies. Some of the cases the UK watchdog tackles, however, are quite stunning and today presented us with one of these. Representatives of Tradignition, a binary options broker soliciting UK clients, are falsely…
Read moreAlpari RU, the retail Forex broker servicing the Russian market, earlier today posted its operating metrics for February 2015, with the company obviously joining the raft of trading companies that recorded lower FX volumes in the second month of the year. Alpari's Forex volumes in Russia and the countries of the Commonwealth of Independent States…
Read moreOptionsCity Software, a multinational provider of electronic trading solutions, today announced the full launch of its modular trading platform, Metro NOW. As fans of options and futures trading know, the Metro platform is the flagship product of OptionsCity, whereas Metro NOW is the latest development in this series. The new platform offers professional traders, financial…
Read moreFXCM Inc (NYSE:FXCM), a giant in the retail Forex industry, announced today that Rakuten Securities, Inc., a subsidiary of Rakuten Inc (TYO:4755), will acquire its Japanese operations in a deal worth approximately $62 million. The definitive agreement has been reached amid FXCM Holdings, LLC and FXCM Newco, LLC (“FXCM”) and Rakuten. The deal will see…
Read moreThe Financial Conduct Authority (FCA) has earlier today issued a warning regarding unauthorized Forex broker GMT Markets Limited. The company, which offers its services via www.gmtmarkets.com, gives two contact addresses in the UK: 1) Universal house, 88-94 Wentworth st. London, E17SA, UK; and 2) Hackwood Building, 14 Hackwood Street, Robertsbridge, East Sussex, TN32 5ER. At…
Read moreApril 1st seems to be a landmark date for UK financial regulation – in 2013, the first day of April saw the Financial Conduct Authority and the Prudential Regulation Authority appear. This year the date also will have particular significance for the financial services sector, for the payments industry in particular. The Payment Systems Regulator…
Read moreLondon Capital Group Holdings plc (LON:LCG), provider of CFD trading and spread betting services, today posted its financial metrics for the final quarter and full year 2014. Although the results themselves were not that robust, with profits and revenues staging an year-on-year drop, the company's management stroke an optimistic note about the fortunes of the…
Read moreFraudulent schemes have reached new highs and the latest example in this respect comes with regard to insolvent retail Forex broker Alpari UK. The ill-fated company, which has more than 100,000 clients still waiting to get their funds back, had subsidiaries in several other jurisdictions, including Japan and China. Clients of Alpari's Chinese business are…
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