LeapRate Exclusive... LeapRate has learned that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license. The company plans to launch an FCA registered brokerage, to be based in Canary Wharf, London. DTT UK is expecting to launch in the summer…
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LeapRate Exclusive... LeapRate has learned that CySEC CIF license holder Harborx Ltd, which operated at harborx.com, has been acquired by a company called Ayers Alliance Financial Group Limited, with the CySEC licensed company now renamed from Harborx Ltd to the aforementioned Ayers Alliance Financial Group Limited. The company has launched a new site focused on asset…
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LeapRate Exclusive... LeapRate has learned that Gain Capital Holdings Inc (NYSE:GCAP) has seen the departure of longtime Forex.com strategy and operations officer Alexis Webster. The London based Mr. Webster had been with GAIN Capital for seven years, serving as Senior Vice President of both Strategy and Operations for the company. He was responsible for commercial strategy…
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LeapRate Exclusive... LeapRate has learned that Saxo Capital Markets (Australia) Pty Ltd, the ASIC-licensed Australia arm of Copenhagen based multi-asset broker Saxo Bank, has hired Ariel Lao as its new Marketing Manager and Chief Experience Officer (CXO). Ms. Lao, a University of Melbourne graduate, joins Saxo Bank in Sydney from IG Group Holdings plc (LON:IGG), where she…
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LeapRate Exclusive... For the first time in a long time, Teddy Sagi is no longer the largest shareholder in Playtech PLC (LON:PTEC). LeapRate has learned via regulatory filings that US investment management giant T. Rowe Price Group Inc (NASDAQ:TROW) has significantly increased its position in Playtech over the past week, from about 5% to just over 10.2%.…
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LeapRate Exclusive... LeapRate has learned that Admiral Markets Group Chairman and controlling shareholder Alexander Tsikhilov has stepped down from the board of the company's London-based, FCA regulated subsidiary Admiral Markets UK Ltd. Dmitri Laus, Admiral Markets Group Supervisory Board Member and Co-owner provided the following comment on the matter to LeapRate: I can confirm that Alexander…
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LeapRate Exclusive... LeapRate has learned that longtime IG Australia research analyst and market strategist Chris Weston is following in the footsteps of his former boss Tamas Szabo, and has agreed to join rival FX broker Pepperstone. As was exclusively reported by LeapRate back in October, Pepperstone hired Tamas Szabo, former Australia office head of UK online…
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LeapRate Exclusive... Further to our report from last week that China regulators are changing their tune when it comes to Retail FX and starting to kick foreign FX brokers out of the country - which seems to have generated a lot of buzz and discussion in the industry - we have a follow-up report indicating that several…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Retail FX brokerage group Exness has invested an additional £1.5 million (USD $2.1 million) of capital into its FCA regulated UK subsidiary Exness (UK) Limited. As we exclusively reported early last year, CySEC-licensed Exness made an application to the FCA to upgrade its "IFPRU 125K" license in…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet. Mr. Sabet and his investor group GLIO Holdings already control the publicly traded parent company London Capital Group Holdings PLC (which we'll call 'Holdings'), with a 78.1% holding. However…
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