Category: Exclusive

September 20, 2018 BY LeapRate Staff

China's SAFE and PBoC increase crackdown on foreign FX brokers

LeapRate Exclusive... The People's Bank of China, effectively China's central banking authority, has posted a notice on its website providing further warnings that it is planning to take measures to shut down what it terms illegal FX brokerage activity targeting China-based Retail FX traders. The notice, which also officially comes from the Ministry of Public Security…

Read more
amana capital office
September 17, 2018 BY LeapRate Staff

Exclusive: Adam Toro out as CEO of Amana Capital UK

LeapRate Exclusive... LeapRate has learned that Adam Toro has left his position as CEO and a Director of Amana Financial Services UK Limited, the FCA regulated arm of global Retail FX brokerage group Amana Capital. Adam Toro had been in his position at Amana UK less than a year, joining the company last fall from embattled…

Read more
Pepperstone office
September 14, 2018 BY LeapRate Staff

Exclusive: Pepperstone hires senior ASIC lawyer Peta Stead as Head of Compliance

LeapRate Exclusive... LeapRate has learned that Melbourne based global FX brokerage group Pepperstone has hired Peta Stead as the company’s new Group Head of Compliance and Operations Risk. Peta will be responsible for the leadership of the compliance team and also provide strategic direction for the business within the context of the evolving global regulatory landscape.…

Read more
September 13, 2018 BY LeapRate Staff

Exclusive: IS Prime sees surge in business from Cyprus Forex brokers following CySEC negative balance ruling

LeapRate Exclusive... LeapRate has learned that London based FX liquidity and prime brokerage services provider IS Prime has become a prime (no pun intended) beneficiary of the new ESMA Negative Balance Protection rules, with the company experiencing a surge in business from Cyprus based clients following regulator CySEC's ruling on both 125k (i.e. matched principal) and 730k…

Read more
luxembourg axxion
September 13, 2018 BY LeapRate Staff

Exclusive: Luxembourg private label fund manager Axxion takes 5% position in Plus500

LeapRate Exclusive... LeapRate has learned via regulatory filings that Luxembourg based private label fund manager Axxion S.A. has built up a 5% ownership position in FCA regulated Retail CFD broker Plus500 Ltd (LON:PLUS). The stake, totaling 5,808,270 Plus500 shares, are worth about £82.3 million (USD $107 million) and represent 5.1% of Plus500's outstanding shares. The move…

Read more
Ergin Erdemir ATFX
September 12, 2018 BY LeapRate Staff

Exclusive: ATFX UK hires Ergin Erdemir as Head of Marketing

LeapRate Exclusive... LeapRate has learned that global forex brokerage ATFX, which has made a number of senior hires recently in several locations around the globe, has hired former GKFX executive Ergin Erdemir to join the company's FCA regulated arm in London ATFX UK (or formally  AT Global Markets UK Limited) as Head of Marketing. As noted…

Read more
Tickmill fx broker
September 06, 2018 BY LeapRate Staff

Exclusive: Tickmill UK monthly volumes hit $16 billion, Client Funds $8 million

LeapRate Exclusive... LeapRate has learned via regulatory filings that Tickmill UK Ltd, the FCA licensed arm of Estonian-controlled Retail FX brokerage group Tickmill, posted fairly impressive results during its first full year of operation. Tickmill UK received its FCA authorization in July 2016, and started trading activities in November 2016. The Tickmill group was established…

Read more