Forex industry news at LeapRate was certainly dominated this week by regulator-related issues. LeapRate was first to report that ACFX - one of the leading Cyprus-based retail forex brokers - had its CIF license suspended by CySEC, and has been given one month to rectify things. The post generated a flood of comments, with many…
Read moreNew Israeli regulations ban deposit bonuses, limit leverage, ban debit card deposits, and require signed conflict of interest policies.
Read moreForex and CFD provider AvaTrade continues to expand its global presence and has now officially opened its South African subsidiary - ‘Ava Capital Markets Pty Ltd’ - with offices in Johannesburg in South Africa – licensed under the Financial Services Board (FSB) – FSP Number 45984. This is the eleventh international office of AvaTrade of…
Read moreAfter failing to acquire retail forex brokers Plus500 Ltd (LON:PLUS) and AvaTrade late last year in deals which would have totaled more than $800 million, online gaming and forex giant Playtech PLC (LON:PTEC) is apparently returning its M&A appetite to its core business of online gaming platforms and the possible acquisition of rival OpenBet. Owned by…
Read moreLeapRate Exclusive Interview... AvaTrade can easily be called one of the quiet success stories of the Retail Forex sector. Many in the industry were taken a little by surprise when AvaTrade's financials were revealed, exclusively by LeapRate, in some filings made by Playtech PLC (LON:PTEC) soon after Playtech announced its planned $105 million acquisition of…
Read moreA number of rumors and what-might-have-happened type stories and speculation have been circulating on certain blogs the past few days, as to why Ireland's financial regulator, the Central Bank of Ireland (CBI), has stated its opposition to the acquisition of retail forex broker AvaTrade by online gaming and trading giant-in-making Playtech PLC (LON:PTEC). Some of the…
Read moreFollowing communication with the Central Bank of Ireland, which has opposed the proposed acquisition of FX broker AvaTrade by Playtech, the company will be formally contesting the regulatory objections.
Read morePlaytech is now seeking clarification on the reasons for the objection and is about to discuss the issue with the CBI.
Read moreDue to the high profile nature of the Plus500 acquisition, receipt of regulatory approvals is taking more time than initially anticipated, Playtech admitted.
Read moreAvaTrade now offers its clients access to top-tier hedge fund algorithms that until now have been available only to institutional traders.
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