Last week Teddy Sagi’s Playtech corporation successfully issued more shares in the publicly traded company and successfully raised $227 million dollar in the process. Much of those funds are already being put to work as the payment and eCommerce service provider giant purchased close to 10% of Plus500 shares in the open market. What news will break this week as Playtech hones in on CFD broker Plus500?
Meanwhile, rumors coming from several sources in the media have linked 360T’s impending sale to fellow Germany based exchange operator Detsche Borse, in what looks like the most obvious and natural fit for the mega multi-bank forex platform for the OTC market segment. As the first half of the year winds down, will we see further institutional consolidation in the second half of 2015? Stay tuned to LeapRate.
Be sure to check out last week’s featured stories as well as a complete run down from last week below:
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- Doing business in the US binary options market – what are the options?
- Is Deutsche Börse the natural fit to buy Forex platform 360T?
- Op Ed: A night out with BMFN
- Chief FX analyst Ashraf Laidi leaves City Index – LeapRate Exclusive
- Dukascopy completes stress tests to safegaurd the group and clients against black swan
- Playtech raising £225 million ($350 million) to fund acquisitions, including Plus500 deal
- Is retail FX heading on-exchange? Divisa Head of US Sales Ryan Gagne elaborates
- Coinsetter and Shift Forex release Bitbroker, Bitcoin liquidity for Forex industry
Weekly Forex Industry Rundown for June 15th – June 21st
Volumes
– KCG registers 6.8% MoM drop in market making volumes in May
– FX trading volumes soaring as volatility returns – GBPUSD nearing 1.60, EURUSD above 1.14
– Alpari Ru posts 4% MoM rise in Forex volumes in May 2015
Interviews/Features
– Doing business in the US binary options market – what are the options?
– Plus500 UK May account freeze was not the first time for the company – LeapRate Exclusive
– Op Ed: Is the FCA really a vigilant regulator?
Warnings/Fines/Fraud Watch
– Former Moody’s analyst, along with colleague, convicted in Australia for insider trading in CFDs
– British Columbia warns of binary options broker Imperial Options
– FCA issues warning regarding French language clone Garnier Global Finance
– US court imposes $1.2 million penalty for fraud, unauthorized swaps trading
– FMA imposes fine of NZ$1.5m on Milford Asset Management for market manipulation
– CySEC warns investors about complex financial products
– UK Court upholds sentence against Forex fraudster Raj Von Badlo
– FCA warns about unauthorized investment company Kincorp Capital
Legal
– Alpari UK ranks among first resolution cases for FCA under RRD
– Settlements of civil litigation by banks over FX rigging nears $2 billion – WSJ
– South Korea joins global Forex probes for rigging by banks
– Cold calling firm FXTS Guru cut off following ASIC concerns
Financial
– Bank of Russia axes key interest rates to 11.50%
– FXCM announces results of voting at Annual General Meeting
– GAIN Gapital CMO Samantha Roady sells $25,000 worth of shares
– Antipodean companies with APAC focus can now become publicly listed on NXT Market in New Zealand
– Moscow Exchange increased 2014 profit leads to RUB 8.8 billion ($164m) dividend
– RBS hits the headlines again as millions of pounds disappear overnight due to technical glitch
– Monex sees operating revenues fall 6% MoM in May 2015
Executive Moves
– TRADOLOGIC promotes Gil Erez to COO
Retail Offerings/Services
– CashBackForex launches Premium Listing bonus section
– AxiTrader adds Israeli Shekel and Hungarian Forint currency pairs
– Myfxbook partners with trading signals and copy trading provider Signal Start
– FxNet ditches proprietary IB back office for PLUGIT’s ‘IB Portal System’
– GMO Click expands range of stock CFDs
– Partnership with Tradier pays off for QuantConnect
Institutional Offerings/Services
– TriOptima completes first cross currency swap compression in USD/Korean Won
– ICE launching euro and sterling Eris Standard interest rate futures on June 29
– KCG launches rebranded venue MatchIt; simplifies trading experience
– MexDer selects FIX Flyer for risk control gateway technology provider for its e-trading platform
– Israel’s Bank Leumi selects TradAir for its global FX Solution
Bitcoin/Cryptocurrency
– Bitcoin exchange Coinbase launches ‘Instant Exchange’ for USD, EUR, and GBP