Exclusive: Khaldoun Sharaiha jumps from ADS Securities to Divisa Capital’s new retail FX arm Equiti.com LeapRate

May 24, 2017 BY LeapRate Staff

Exclusive: Khaldoun Sharaiha jumps from ADS Securities to Divisa Capital's new retail FX arm Equiti.com

LeapRate Exclusive... LeapRate has learned that veteran retail FX executive Khaldoun Sharaiha has become the latest ADS Securities employee to join Equiti.com, the new Retail Forex arm of FX liquidity and prime brokerage solutions provider Divisa Capital. Mr. Sharaiha was Co-Head of Retail Sales at ADS Securities, and will have a similar title at Equiti.com.…

May 23, 2017 BY LeapRate Staff

Exclusive: GCM Prime names Levy Benarroch as COO

LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has named Levy Benarroch as its COO. Mr. Benarroch has also been added to the company's board. Levy Benarroch joined GCM Prime via its acquisition late last year of CMS UK / CapMarFX, where he was Compliance Officer. Prior…

May 19, 2017 BY LeapRate Staff

Finotec reports another slow year: Revenues £1.26 million, Profit £211,000

LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated FX liquidity and technology solutions provider Finotec has reported Revenues of £1.26 million and Net Profit of £211,000 in 2016. While an improvement over 2015 (Revenues £1.1 million, Net Loss £158,000), activity remained very slow in 2016 at one of the original players in Retail Forex. Finotec…

May 18, 2017 BY LeapRate Staff

Exclusive: Exness upgrading FCA unit, expects FX operations launch in September 2017

LeapRate Exclusive... LeapRate has learned via regulatory filings that Cyprus-based retail forex broker Exness has made an application to the UK financial regulator FCA to increase the scope of its FCA-licensed arm, Exness Europe Limited (Exness UK). Exness received its initial FCA license in September of last year, which LeapRate discussed at the time with Exness…

May 11, 2017 BY LeapRate Staff

LMAX revenues up 20% in 2016 to £27.7 million, monthly volumes $175 billion

LMAX Limited, the parent company of FCA regulated multilateral trading facility (MTF) for FX trading LMAX Exchange, has reported its 2016 results indicating healthy continued growth in the business. LMAX reported revenues of £27.7 million (USD $36 million) for the year, up more than 20% over 2015's £23.0 million. LMAX reported a profit of £2.2 million…

May 08, 2017 BY LeapRate Staff

GCM Prime 9 months 2016: Revenue £1.5M, Operating Loss £227,000, Client Cash £15M

LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has grown its business nicely in its first full year of operation. For the nine months ended December 31, 2016, GCM Prime brought in Revenues of £1.5 million, had an operating loss of £227,000, and grew its Client…

May 05, 2017 BY LeapRate Staff

Alpha 1H-2017 results: Revenues £12.9 million, Profit £1.8 million, Client Cash £75 million

Institutional FX brokerage ACM Group plc, more commonly known in the industry as just Alpha, has issued its results report for the first half of fiscal 2017 (September 30 year end, first half results are through March 31, 2017). At the half year mark the transformation process that the company began during the previous financial…

May 04, 2017 BY LeapRate Staff

One Financial Markets grows Revenues 34% in 2016 to $37.7 million, monthly volumes $40 billion

LeapRate Exclusive... LeapRate has learned via filings made in the UK and the UAE that Arab-focused retail forex broker One Financial Markets has seen a nice bump in its business activity and profitability in 2016, after what was a fairly difficult 2015 for the company. On the top line, One Financial brought in record Revenues…

ThinkMarkets launches ThinkZero, low-latent algorithmic & automated trading solution

May 03, 2017 BY LeapRate Staff

ThinkMarkets UK triples Revenues to £3.8 million in first full year of operation

LeapRate Exclusive... LeapRate has learned via filings made in the UK and Australia that ThinkMarkets UK more than tripled its Revenues in 2016 to £3.8 million (USD $5 million). ThinkMarkets UK, via FCA regulated holding company TF Global Markets (UK) Limited, is the UK arm of Australia-based retail forex broker ThinkMarkets. ThinkMarkets set up its UK…

April 27, 2017 BY LeapRate Staff

FxPro promotes Conor O'Driscoll to Deputy CEO and COO of UK operation

LeapRate Exclusive... LeapRate has learned that retail forex brokerage group FxPro has promoted Conor O'Driscoll to the position of Deputy CEO and COO of its FCA regulated UK operation, FxPro UK Limited. Mr. O'Driscoll has been with FxPro since 2012, based in Cyprus. He began at FxPro as an FX Dealer, moving up to be named…

Tag: FCA regulated brokers