UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10% LeapRate

December 18, 2017 BY LeapRate Staff

UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10%

Shares of the leading FCA regulated UK online brokers traded down sharply on Monday morning, following proposals made late Friday by pan-European financial regulator ESMA to enact fairly severe restrictions on leveraged FX and CFD trading. While ESMA made a number of proposals which it will put to public consultation in January - a Binary…

December 18, 2017 BY LeapRate Staff

IG Group calls ESMA's proposed 30x CFD and Forex leverage restrictions "disproportionate"

UK online trading leader IG Group Holdings plc (LON:IGG) has issued a formal statement in response to the proposals made late last week by pan-European regulatory authority ESMA to severely rein in the world of online leveraged trading in the EU. And, it wasn't all laudatory. While IG did state that it is is "supportive of…

November 23, 2017 BY LeapRate Staff

CMC Markets reports near-record results in 1H-2018, Simon Waugh resigns as Chairman

Changes are continuing at London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX), although the changes do seem to be bearing fruit. CMC Markets reported this morning its results for the first six months of fiscal 2018 (CMC has a March 31 year end, so the results are for April-September 2017), with the…

November 22, 2017 BY LeapRate Staff

Exclusive: James Hughes jumps from GKFX to AxiTrader as London-based senior analyst

LeapRate Exclusive... LeapRate has learned that popular FX market analyst James Hughes has joined the London office of Australia based Retail FX broker AxiTrader. He will be serving as Chief Market Analyst for the UK and Europe for Axi. AxiTrader also has Sydney based analyst Greg McKenna in its home office. James Hughes was with GKFX…

November 14, 2017 BY LeapRate Staff

XTB woes spook UK FX and CFD shares: IG -3%, Plus500 -5%, LCG -9%

Shares of leading FCA regulated, publicly traded online brokers were under pressure on Monday, after word broke in the Polish press that Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, was under investigation in its home country for fraud. XTB shares…

October 08, 2017 BY LeapRate Staff

FX Industry Week Review: GKFX grows, ETX losses, Covesting.com ICO, Saxo Bank ownership change, Eurex latency, and lots more…

It was quite the week in Forex Industry News at LeapRate. Forex broker results, new shareholder in a major FX broker, and a serious order latency issue at Deutsche Boerse unit Eurex unveiled only at LeapRate. Which Retail FX broker saw most of its independent directors resign, while posting a loss? Which FCA regulated FX…

October 02, 2017 BY Valentina Kirilova

CMC Markets adds Spread Bet API plug-in for institutional FX and CFD traders

FCA regulated online CFD brokerage house CMC Markets Plc (LON:CMCX) announced that has today launched its native Spread Bet Application Programming Interface (API). This gives other institutions the ability to quote a ‘pounds per point’ price on any Index, Commodity, Treasury or Forex instrument that CMC offers, in a seamless manner. CMC first offered institutions…

October 01, 2017 BY LeapRate Staff

Exclusive: FX and CFDs broker GKFX grows Revenues 32% in 2016 to £69 million

LeapRate Exclusive... LeapRate has learned that FCA licensed Spreadbetting, FX and CFDs broker GKFX Financial Services Limited has seen a fairly impressive growth spurt, and - having raised an additional $15 million earlier this year - seems poised for more. GKFX reported that Revenues for the 16 month period September 2015 through December 2016 came…

October 01, 2017 BY LeapRate Staff

FX Industry Week Review: Binary Options ban, Bulgaria FX license denied, new CySEC broker, and lots more…

It was a week of both good and bad Forex Industry News, with the key stories of the week once again appearing only at LeapRate. We also saw quite a lot of financial reports from a variety of brokers from around the world. Also - some good, some not-so-good. Which investor group was granted a…

September 28, 2017 BY LeapRate Staff

CMC Markets reports increased profits in first half of Fiscal 2018, but fewer clients

FCA regulated online CFD brokerage house CMC Markets Plc (LON:CMCX) has issued its H1 2018 Pre-Close Trading Update (for the six months to September 30, 2017 - CMC has a March 31 fiscal year end), which included what we view as mixed results. The positive? CMC reported that profitability in H1 2018 is significantly higher than…

Tag: CMC Markets Plc (LON:CMCX)

UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10%

IG Group calls ESMA's proposed 30x CFD and Forex leverage restrictions "disproportionate"

CMC Markets reports near-record results in 1H-2018, Simon Waugh resigns as Chairman

Exclusive: James Hughes jumps from GKFX to AxiTrader as London-based senior analyst

XTB woes spook UK FX and CFD shares: IG -3%, Plus500 -5%, LCG -9%

FX Industry Week Review: GKFX grows, ETX losses, Covesting.com ICO, Saxo Bank ownership change, Eurex latency, and lots more…

CMC Markets adds Spread Bet API plug-in for institutional FX and CFD traders

Exclusive: FX and CFDs broker GKFX grows Revenues 32% in 2016 to £69 million

FX Industry Week Review: Binary Options ban, Bulgaria FX license denied, new CySEC broker, and lots more…

CMC Markets reports increased profits in first half of Fiscal 2018, but fewer clients

Seaport Global Securities Fined $125k By FINRA

easyMarkets and Real Madrid Renew Collaboration Agreement

Nordic Capital Closes Evolution II Fund at €2bn Hard Cap After Rapid Fundraising

ATFX Africa: Empowering Traders Across South Africa

Swoosh Finance: ASIC Alleges Breach of Responsible Lending Obligations