LeapRate Exclusive... LeapRate has learned that FCA regulated FX broker solutions provider Finotec Trading UK Limited has posted a loss in its latest financial year of 2017, amidst what seems to be a second major shift in strategy at Finotec in as many years. The previous year (2016), Finotec indicated that it was busy building…
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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…
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LeapRate Exclusive... LeapRate has learned that FX Prime Brokerage solutions provider Finotec brought in just £1.1 million (USD $1.6 million) of Revenues in 2015, reporting a net loss of £158,000 ($230,000). The Revenue figure was Finotec's lowest result in several years. Finotec Trading UK Limited, the FCA regulated UK arm of Finotec Group Inc, underwent a…
Read more.... this time it is Summit Partners, investing in 360T.
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