LeapRate Exclusive... LeapRate has learned that Simon Bird, who was COO of spreadbetting broker City Index for six years ahead of City Index's 2015 acquisition by Gain Capital Holdings Inc (NYSE:GCAP), is "back in the game" joining the board of Ikon Finance Limited, the FCA regulated arm of the global Ikon Group, once one of the…
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LeapRate Exclusive... LeapRate has learned that institutional boutique FX broker CrescoFX has successfully obtained a license from the FCA in the UK for its subsidiary Cresco Capital Markets (UK) Limited, with plans to expand both its institutional and Retail brokerage operations. The license was formally granted back on August 1, 2017. CrescoFX was established in…
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LeapRate Exclusive Interview... We often begin interviews with leading FX industry figures with a lengthy "setting the stage" intro. But not here. Following this weekend's news of the Chapter 11 reorganization filing by Global Brokerage Inc (NASDAQ:GLBR), we're just as curious as our readers to hear directly the people leading FXCM Group, in which GLBR owns…
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LeapRate Exclusive... Watch out FCA regulated FX and CFD brokers, here they come. LeapRate has learned that Betfred's new entrant in the FX and CFD brokerage space, TradeFred, is expanding with a soon-to-be-launched EU regulated entity in Cyprus. TradeFred has also already expanded its international footprint with a live operation in Australia. And, the company…
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LeapRate Exclusive... LeapRate has learned that emerging markets focused institutional FX broker R5FX has hired Chris de Sibert as its new Global Head of Business Development. Mr. de Sibert joins R5FX after eight years at HSBC in London. For the past four years he has been Managing Director - Foreign Exchange and Commodities Sales at HSBC's Global Banking…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX and CFDs broker Walbrook Capital Markets Limited has been renamed ITI Capital Limited. Beyond its formal company name, the company's operating brand has also been changed, from Walbrook Capital to ITI Capital. However, at least for the time being, the broker's website url remains at walbrookcapitalmarkets.com.…
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LeapRate Exclusive... LeapRate has learned that performance marketing technology services provider Cellxpert, and London based Artificial Intelligence tech company ArtuData, have agreed on a partnership to jointly develop AI tools to increase user acquisition. Cellxpert currently services over 100 digital-consumer (mainly financial) businesses including a number of FX and CFD brokerages. Google and Amazon backed ArtuData specialises in…
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LeapRate Exclusive… LeapRate has learned that Russia-focused brokerage ITI Group, which earlier this year bought control of FCA regulated broker Walbrook Capital, has named gaming and technology expert John Barker as Non Executive Chairman, also adding Mr. Barker to the board of Walbrook. John Barker was Managing Director and Head of International at institutional dark pool…
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LeapRate Exclusive... He's back in the FX game again. After more than two years out of the business, LeapRate has learned that seasoned FX industry executive Francisco Heredia has joined State Street Corp (NYSE:STT), as a Managing Director with State Street's Global Link trading services in Boston. Global Link, or more formally State Street Global Markets, provides specialized…
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LeapRate Exclusive... LeapRate has learned that Spotware Systems, the developer of the popular cTrader trading platform has entered into a new partnership with Lean Work, China’s leading SaaS provider. The new Spotware-Lean Work partnership will see the integration of Lean Work products and cTrader. As part of the agreement, Lean Work will be opening an office…
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