LeapRate Exclusive Interview... While it is still early in 2018, clearly the Deal of the Year so far in the world of FX brokerage is the sale of OANDA to private equity firm CVC Capital Partners. How did the deal come about? What does the acquisition mean for the company, and its future? We're pleased…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated, London based institutional FX broker FIXI plc has raised an additional £2.2 million (USD $3.0 million) in capital from its shareholders, and hired a number of senior executives, ahead of a planned expansion into Retail FX. First, regarding the fundraising.... FIXI shareholders led by Goran Drapac -…
Read moreLeapRate Exclusive... LeapRate has learned that FCA licensed Spreadbetting, FX and CFDs broker GKFX Financial Services Limited has seen a halt to its growth spurt of the past few years, with 2017 Revenues declining by 14% to £60.9 million (USD $81.8 million). However a best set of cost controls helped the company turn around its small…
Read moreLeapRate Exclusive... Following our exclusive report from earlier this month that Jamieson Blake, Head of Client Experience at the FCA regulated London based arm of ADS Securities, had resigned from the company, LeapRate has now learned that Mr. Blake has landed - at specialty lending and retail investment firm Basset and Gold, as Head of Relationship…
Read moreLeapRate Exclusive... LeapRate has learned that financial technology provider Spotware Systems has started rolling out the new cTrader version 3.0 to brokers. cTrader 3.0 has been a long-awaited major upgrade of the popular trading platform. Spotware indicated that this marks an important milestone for cTrader, since it is a merger of two separate applications, cTrader…
Read moreLeapRate Exclusive... LeapRate has learned that multi-asset electronic trading solutions provider smartTrade Technologies was hit by hackers last week, at its LD4 hosting location. Service was partially and intermittently not accessible to smartTrade clients in LD4 for several hours last Wednesday, May 9. At around 5:30pm UTC a smartTrade monitoring tool raised an alert at…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX prime broker Price Markets UK Ltd has hired experienced FX industry executive David Hastings as its new Managing Director. In his new role, Mr. Hastings will report to Price Markets co-founder and CEO Alex Talei. David Hastings was most recently an FX consultant, providing consultancy covering…
Read moreLeapRate Exclusive... LeapRate has learned that a new EU regulated provider of liquidity and risk management services has launched, based in Cyprus, called INFLYX. Seeking to broaden the scope of liquidity services to Forex and CFD brokers, INFLYX has launched a programme of comprehensive solutions for managing liquidity risk. This programme is intended to minimise exposure…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated broker ITI Capital Limited has posted a larger loss (than last year) of £5.0 million (USD $6.8 million), eating up more than all of the new capital which the company's new ownership group put into the company during the year. (More on that below). Revenues at…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated MT4 broker ActivTrades has continued its impressive growth with the company reporting healthy financial metrics for 2017. ActivTrades, which is controlled by Swiss entrepreneur Alex Pusco who still serves as the company’s CEO, saw Revenues grow by 16% in 2017 to £40.4 million (USD $55 million), up…
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