Exclusive: former NetDania CEO Jonas Nielsen joins RegTech firm muinmos LeapRate

June 13, 2018 BY LeapRate Staff

Exclusive: former NetDania CEO Jonas Nielsen joins RegTech firm muinmos

LeapRate Exclusive... LeapRate has learned that automated regulatory compliance specialist muinmos has appointed Jonas Nielsen, former CEO of FX platform, data and charting provider NetDania Markets, as its new Business Development Director. Jonas Nielsen was CEO of Copenhagen based NetDania Markets for the past eight years. He brings a wealth of experience to muinmos in…

June 13, 2018 BY LeapRate Staff

Exclusive: Hirose UK 2018 revenues drop 36% in shift from Binary Options to B2B Forex

LeapRate Exclusive… LeapRate has learned via regulatory filings that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw its Revenues tumble 36% in Fiscal 2018 (year ended March 31, 2018) to just £317,000, down from £496,000 last year. That follows a 47% revenue decline last year in…

June 12, 2018 BY LeapRate Staff

Exclusive: Morgan Stanley sells 6% stake in Plus500 as shares soar

LeapRate Exclusive... LeapRate has learned via regulatory filings that US based investment banking giant Morgan Stanley (NYSE:MS) has cut its long-held position in FCA regulated CFD broker Plus500 Ltd (LON:PLUS) from 6% to under 3%. Morgan Stanley has been a long-term shareholder in Plus500, with its position in the company hovering at around 6% for…

June 12, 2018 BY LeapRate Staff

Exclusive: FxPro UK 2017 Revenues up 36% to £4.4M, volumes top $156B

LeapRate Exclusive... LeapRate has learned via regulatory filings that FxPro UK Limited, the FCA regulated arm of global Retail FX broker FxPro, saw a healthy increase in activity in 2017. FxPro UK grew its Revenue base by 36% in 2017 to £4.4 million (USD $5.9 million), up from £3.2 million in 2016. The company turned in a…

June 11, 2018 BY LeapRate Staff

Exclusive: FX broker GKFX hires Rob Woolfe as CEO

LeapRate Exclusive... LeapRate has learned that London based Retail FX group GKFX has gone outside the company to hire a new CEO, to replace its recently departed chief executive Brian Myers. Joining GKFX as its new CEO is Rob Woolfe, formerly a co-founder and CEO of UK/Cyprus spreadbetting firm Capital Index. We expect the company…

June 10, 2018 BY LeapRate Staff

Exclusive: Saxo Bank hires Nordea executive Oliver Zecevic as Head of Operations

LeapRate Exclusive... LeapRate has learned that Copenhagen based Retail FX broker Saxo Bank has added another member to its senior management team, hiring longtime Nordea executive Oliver Zecevic as the company's new Head of Operations. Oliver Zecevic had been with Nordea for his entire working career, joining the Danish based banking and financial group out of…

June 07, 2018 BY LeapRate Staff

Exclusive: GAIN Capital discontinues FOREX.com money transfer business

LeapRate Exclusive... LeapRate has learned that FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) has decided to discontinue its international money transfer business. The service was being offered only in the UK. GAIN Capital first announced plans in early 2016 to launch a separate money transfer business under the separate brand and website ForeignExchange.com. The business…

June 04, 2018 BY LeapRate Staff

Exclusive: Alpha results pre Playtech acquisition - Revenues £24.6M, EBITDA £3.5M

LeapRate Exclusive... LeapRate has learned via regulatory filings a number of further not-yet-disclosed details about Playtech's 2017 acquisition of Forex and multi-asset market maker and white label provider Alpha Capital Markets (formally ACM Group Limited). And, that the "$150 million" deal which saw Playtech buy ACM last year is likely to be completed at a…

June 03, 2018 BY LeapRate Staff

Exclusive: FOREX.com Head of Research James Chen jumps to Investopedia

LeapRate Exclusive... LeapRate has learned that popular FX research analyst and longtime Head of Research at FOREX.com, James Chen, has moved to Investopedia.com. Mr. Chen will become Investopedia's Director of Trading & Investing, taking a major role in the direction of the website's research and education products. James Chen has been Head of Research at…

May 31, 2018 BY LeapRate Staff

Exclusive: Playtech's Markets.com launching MarketsX aimed at high net worth traders

LeapRate Exclusive... LeapRate has learned that Markets.com, the Retail FX and CFD brokerage arm of online gaming and financial giant Playtech PLC (LON:PTEC), is planning on launching a new branded service targeting the high end of the retail client spectrum. The new service will be called MarketsX. Looking to break out of its long-term core area…

Category: Exclusive