Forex Industry Week Review: FXCM $125M raise, Myfxbook license lapse, and lots more…

Forex Industry News this past week at LeapRate had a decidedly corporate feel. After a few weeks dominated by either Brexit or regulatory issues, it was back to basics as we were first to report on stories involving FXCM, Myfxbook, LMAX, Dukascopy, and others.

Two guest posts were among our Top-10 most hit and searched-for articles this week:

Some of our most popular, shared and commented-on posts this week at LeapRate included:

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FXCM capital raise 125FXCM files shelf prospectus indicating plans for $125 million capital raise. Forex broker FXCM Inc (NYSE:FXCM) has filed a shelf prospectus with the U.S. Securities and Exchange Commission (SEC), indicating that the company is planning to raise in the neighborhood of $125 million in the near future. According to the prospectus, the capital raise could be in the form of equity, debt, or some combination thereof. What exactly is a Shelf Prospectus? And why file one? What would FXCM use the money for?

Myfxbook allows its CySEC CIF license to lapse. Cyprus financial regulator CySEC has announced that the CIF license of social trading site Myfxbook.com has lapsed (CIF # 255/14). Myfxbook had originally received a CIF license back in late 2014, when it was becoming apparent that European regulators were going to crack down on unlicensed social, copy, and autotrading websites, as well as ‘trading community’ websites where investment advice was being given or sought by retail traders. So what happened?

JP Morgan sells remaining stake in SafeCharge as SCH shares continue downward.

LMAX Exchange study: FX ‘Last Look’ must go, transparency must increase.

Dukascopy announces white-label partnership with leading Belarusian bank.

Exclusive: Forex broker Tickmill redesigns website with mobile friendly back office.

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