The usually slow summer months of forex industry news were certainly spiced up this past week, with Mergers & Acquisitions headlining the parade.
How much did Swissquote pay for online ‘expat’ broker Internaxx?
Why did AxiCorp buy FCA regulated One Financial?
There was also more with LeapRate exclusively reporting on a number of executive moves, Forex broker license upgrades, and capital raisings.
Some of our most viewed and commented-on posts from the past week include:
Swissquote acquires Luxembourg based Internaxx. Marking its first major acquisition since its $70 million purchase of online forex rival MIG Bank in 2013, Swissquote has announced plans to acquire Luxembourg based online bank and investment firm Internaxx. How much did Swissquote pay for Internaxx? How much Revenue does Internaxx generate? Get all the details, always first at LeapRate.
AxiCorp acquires Middle East focused Retail FX broker One Financial. Australian-owned Retail Forex and CFDs brokerage group AxiCorp, which primarily operates the AxiTrader brand, has announced that it will acquire FCA regulated One Financial Markets (OFM). And, OFM’s controlling shareholder will take an equity stake in Axi. How much trading volume will the combined company generate? Who controlled One Financial? (And will now be a shareholder in Axi?) Get all the details, always first at LeapRate.
Exclusive: GKFX Chairman resigns, new one named. LeapRate Exclusive… LeapRate has learned that GKFX – one of the largest privately held UK-based Retail FX brokers – has seen its current board Chairman resign, and has named a new outside replacement. The changes mirror those made recently in the senior management ranks of GKFX. Who left? Who is the new Chairman of GKFX? Get all the details, exclusively at LeapRate.
Exclusive: Another Retail FX broker gets capital injection, upgrades FCA license to 730K. LeapRate Exclusive… LeapRate has learned that yet another Retail FX brokerage group has upgraded its FCA license to a full-scope “IFPRU €730k” license, after receiving a capital injection from its parent company. Who is the latest to “go 730K”? Get all the details, exclusively at LeapRate.
Ed Anderson, Price Markets
Exclusive: FxPro’s UK Chief Sales Officer moves to Price Markets. LeapRate Exclusive… LeapRate has learned that FCA regulated FX prime broker Price Markets UK Ltd has hired an experienced FX industry executive from FxPro, as its new Head of Business Operations. The hiring actually marks something of a reunion. Who has moved from FxPro to Price Markets? Get all the details, exclusively at LeapRate.
CySEC getting deluge of ‘Hard Brexit’ license applications, sets deadline. Cyprus financial regulator CySEC is apparently getting a deluge of CIF license applications from UK firms, worried about a possible “Hard Brexit” come March. What deadline did CySEC set for receiving new license applications (and ensuring response in time for March 2019)? What might a “Hard Brexit” mean for EU based brokers? Get all the details, always first at LeapRate.