AxiTrader hires Oanda’s Head of China Forex Gavin Ward to head Business Development LeapRate

December 12, 2016 BY LeapRate Staff

AxiTrader hires Oanda's Head of China Forex Gavin Ward to head Business Development

AxiTrader CEO Rajesh Yohannan is dipping further into his pool of former colleagues to continue building the management team at Axi. After recently hiring Oanda Australia office head Louis Cooper as Global Head of Retail Services, Mr. Yohannan and his leading Australia-based retail forex broker AxiTrader has hired Forex industry veteran Gavin Ward as Global Head…

December 12, 2016 BY LeapRate Staff

IG Group CEO Peter Hetheringon attacks FCA's new CFD rules: I’m not sure this really helped

In remarks fairly critical of the FCA's new rules banning bonus payments to retail traders and limiting trading leverage to 50x, IG Group Holdings plc (LON:IGG) CEO Peter Hetherington questioned the logic behind the FCA's moves, and what the likely fallout will be. While discussing what last week was like with UK newspaper The Telegraph in an…

December 11, 2016 BY LeapRate Staff

Forex Industry Week Review: CFD regulation, new SpotOption CEO, FXCH fundraising, Gain Capital Payments CEO quits, and lots more…

Forex Industry News at LeapRate was headlined by regulator moves which are clearly going to alter the online trading industry landscape, if not change it altogether. Following news that Cyprus regulator CySEC is proposing to ban bonus payments to retail traders and put a soft cap on leverage - news which was first reported exclusively at…

Germany's BaFin maintains restrictions on retail trading with financial CFDs

December 09, 2016 BY LeapRate Staff

Israeli online broker Plus500 and CMC Markets both 'welcome' new BaFin German CFD regulations

Leading CFD brokers Plus500 Ltd (LON:PLUS) and CMC Markets Plc (LON:CMCX) have each issued statements in response to yesterday’s new directives from German financial regulator BaFin on CFD trading. In summary, each of Plus500 and CMC Markets stated that they welcomed BaFin's moves. Both Plus500 and CMC Markets stated that they already provide negative balance…

December 09, 2016 BY LeapRate Staff

Odey continues to buy Plus500 shares, up to 22.4% holding

Taking advantage of the recent steep price drop in Plus500 Ltd (LON:PLUS) shares, UK investment manager Odey Asset Management LLP has continued to build its stake in the CFD broker. LeapRate has learned via regulatory filings that Odey acquired another 1.29 million Plus500 shares on Wednesday, spending about £4.8 million (USD $6.1 million) and accounting for…

December 08, 2016 BY LeapRate Staff

Germany regulator BaFin requiring negative balance protection for CFD trading

Germany's financial regulator Bundesanstalt für Finanzdienstleistungsaufsicht (or just 'BaFin') has announced new regulations governing leveraged CFD trading. BaFin's actions come just two days after UK regulator the FCA dropped a bombshell by proposing new rules limiting leverage on Forex and CFDs to 50x, and banning bonus payment inducements to retail traders. The FCA's actions sent…

December 07, 2016 BY LeapRate Staff

Plus500 stake increased by Odey to 21% as shares fall post FCA rules announcement

It looks like Odey Asset Management isn't afraid of the new FCA rules governing CFD trading. LeapRate has learned via regulatory filings that UK investment manager Odey Asset Management LLP was busy buying Plus500 Ltd (LON:PLUS) yesterday, as Plus500 shares were plummeting. Odey built its overall stake in Plus500 up to 21.28%, from just under…

December 07, 2016 BY LeapRate Staff

Forex and CFD brokers shed more than $2 billion in market value on 'FCA Tuesday'

Yesterday may well be known one day as 'FCA Tuesday', the day the UK regulator shook up the online retail trading industry by introducing a hard 50x leverage cap and a ban on bonus inducement payments to retail traders. Many of the brokers affected by the FCA's new rules regime are now regrouping and reevaluating…

December 06, 2016 BY LeapRate Staff

CMC Markets issues statement on FCA leverage cap and bonus ban

Continuing our coverage of this morning’s news that UK financial regulator the FCA has issued new directives, banning bonus payments to retail traders and limiting CFD trading leverage to 50x, FCA regulated broker CMC Markets Plc (LON:CMCX) has issued a brief statement about the new rules. While stopping short of saying that the new rules won’t…

December 06, 2016 BY LeapRate Staff

Plus500 on FCA leverage and bonus directives: will have a material impact...

Continuing our coverage of this morning's news that UK financial regulator the FCA has issued new directives, banning bonus payments to retail traders and limiting CFD trading leverage to 50x, FCA regulated broker and #2 UK CFD player Plus500 Ltd (LON:PLUS) has issued a brief statement about the new rules. Plus500 did admit that the new…

Tag: CMC Markets Plc (LON:CMCX)