LeapRate Exclusive... LeapRate has learned that Jamieson Blake, Head of Client Experience at the FCA regulated, London based arm of ADS Securities, has resigned from the company. Jamieson Blake had been a key part of the team which has helped Abu Dhabi based ADS Securities grow its business in the UK, especially among retail investors.…
Read moreLeapRate Exclusive... LeapRate has learned that ADS Securities London Limited, the FCA regulated UK arm of Abu Dhabi based global financial concern ADS Securities, has continued to grow - and has turned profitable after several years of investment by the parent company. Revenues at ADS Securities UK came in at £5.4 million (USD $7.5 million)…
Read moreLeapRate Exclusive... LeapRate has learned that Saxo Capital Markets UK Ltd has seen the resignation of the company's Head of Legal and Compliance, Andrew Stylianou. Saxo Capital Markets UK is the London-based FCA regulated subsidiary of Copenhagen based Retail FX broker Saxo Bank A/S. Saxo UK recently hired former ETX Capital executive Andrew Edwards as its new…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX broker Destek Markets UK Ltd has posted a loss of £2.1 million (USD $2.9 million) in its first full year of operation - which, clearly did not go exactly according to plan. Destek Markets UK is the EU operating arm of Turkish based FX brokerage group…
Read moreLeapRate Exclusive... The CFH Clearing fraternity runs deep. LeapRate has learned that former CFH Clearing co-founder and CEO Lars Holst has invested in, and joined the board of, Regtech firm muinmos. He was also appointed as Chairman of muinmos, and will play an active role in the company. muinmos was founded by Mr. Holst's CFH…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that Warsaw based Retail FX brokerage group X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB.com brand as well as the X Open Hub trading platform, has seen its longtime Head of Legal Paweł Frańczak resign from his position. Mr. Frańczak has also stepped down from the XTB Management Board. He…
Read moreLeapRate Exclusive... LeapRate has learned that top-level management changes have taken place at FCA regulated Retail FX broker GMO-Z.com Trade UK Limited, the UK operating arm of Japanese financial group GMO Financial Holdings Inc (TYO:7177), the world's largest Retail Forex operation. We should note that the changes are part of an overall management shuffle within GMO,…
Read moreLeapRate Exclusive... LeapRate has learned that ATFX has expanded to Cyprus, acquiring control of CySEC licensed institutional FX broker PositivaFX. ATFX is a co-brand shared by a number of different entities globally including FCA regulated AT Global Markets (UK) Limited in the United Kingdom, ATFX Global Markets (CY) Limited in Cyprus, AT Capital Markets Limited…
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LeapRate Exclusive... LeapRate has learned that recently-launched CySEC licensed Retail FX and CFDs broker Capital.com has hired longtime IG Group Holdings plc (LON:IGG) executive Ivan Gowan (pictured above) as its new CEO. Mr. Gowan will be based in London, and also heads up the company's UK office. He replaces Kira Bondareva as CEO. We understand that…
Read moreLeapRate Exclusive... LeapRate has learned that online giant Google has taken what seems to a final step in the coffin of Binary Options trading, issuing a blanket ban on all apps which allow Binary Options trading in its Google Play apps store. In its Developer Policy Center, Google Play issued new updates and guidelines for…
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