LeapRate Exclusive… LeapRate has learned via regulatory filings that global investment bank Morgan Stanley (NYSE:MS) has increased its stake in CFD broker Plus500 Ltd (LON:PLUS) to 7.82%, up from 6.5% in mid February and 2.4% as at the end of last year. Plus500 shares, and those of other leading UK online brokers including IG Group…
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Fiserv, Inc. (NASDAQ: FISV), a global global provider of financial services technology solutions, has opened its third Contact and Servicing Center, expanding its business process outsourcing capacity by 22% into Lake Mary, Florida to meet the growing demand of automotive lenders and financial institutions for customer care, collateral management and back office functions. Fiserv has…
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It was another very busy week of Forex Industry News, with LeapRate once again bringing you exclusively the big stories of the week - Pepperstone UK suspending all trading, and ETX Capital making another acquisition. There were also a number of senior personnel moves this week involving ADS Securities, INFINOX, and JFD Brokers. Our most…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the Ontario Securities Commission (OSC) has added to its Warning List trading signals provider Scion Forex Account Management, operating as Scion Forex and doing business at website scionforex.com. The Scion Forex website shows the company having offices…
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m-FINANCE Limited, a Forex and Bullion trading solutions provider with headquarters in Hong Kong and operations throughout Greater China has announced a new strategic partnership with IG Group Holdings plc (LON: IGG) that allows m-FINANCE’s brokerage clients to access IG’s unique liquidity pool. With headquarters based in the UK, IG is the largest retail FX…
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Japanese online trading company Monex Group Inc. (TYO:8698) has reported its monthly business metrics for the month of February 2017, indicating a general decrease in activity from January. Overall at Monex, the number of Daily Average Revenue Trades (DARTs – the number of trades and transactions per day which generate revenue) was 262,809 in February –…
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FCA regulated retail forex and CFD broker INFINOX Capital Limited has announced that it has raised the threshold of clients’ insurance above the £50,000 compensation per customer provided by the Financial Services Compensation Scheme (FSCS), which is the fund of last resort for customers of UK authorised firms provided in case of a firm’s default or…
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Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced its results for 2016, indicating a nice rise in both Revenues and profitability. All areas of Swissquote contributed to the increase, except the company's eForex business which saw slightly lower trading volumes, although margins did increase along with eForex customer assets. Forex…
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Continuing the string of weak volume reports for the month of February from some of the leading institutional eFX trading venues, NEX Group PLC (LON:NXG) has reported that its EBS unit saw volumes drop by 13% MoM, coming in at $80.7 billion ADV. Overall, February was a fairly weak month at NEX Group (formerly known…
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Malta financial regulator MFSA has issued a warning addressed to retail investors regarding the risks associated with what it calls 'speculative products', including Forex, CFDs and Binary Options. It is unclear what prompted this latest 'general' warning, as no specific broker or scam was mentioned. The MFSA has in the past been fairly active in…
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