CFD broker Plus500 is planning to raise $50 million at a company value of $225 million in an IPO on London's Alternative Investment Market (AIM). BREAKING NEWS.... UK-based and Cyprus-domiciled CFD broker Plus500 has formally announced its intention to pursue an IPO on the London Stock Exchange's Alternative Investment Market (AIM). The company plans to raise…
Read moreSaxo Bank's average daily forex volumes rose by 1.4% to $14.6 billion, but total volumes fell as there were less trading days than in May. LeapRate has learned that leading global FX broker Saxo Bank, a member of LeapRate's Approved List of regulated retail forex brokers, continued its strong start to 2013 during June, with…
Read moreSaxo Bank's Tour de Trading competition includes TV spots and Alberto Contador's actual Tour de France bike. In our latest in a series covering interesting and unique promotions in the forex trading world, we look this week at Saxo Bank, and its Tour de Trading promotion. Even among die hard cyclists and bicycle enthusiasts (including…
Read moreRetail Forex industry volumes driven by ideal trading conditions -- a risk-on environment, volatility, and strong volumes in the Far East. LeapRate's Retail FX Volume Index, sponsored by Leverate, hit another all-time record in May, rising nearly 7% to $229 billion daily. Forex industry trading volumes continue to sit about 20%-25% above last year's levels.…
Read moreCyprus (and other EU) Forex brokers are not just relying on MiFID, but are getting licensed separately in the UK. Two up-and-coming FX brokers, IronFX from Cyprus and Admiral Markets from Estonia, have separately announced that they have each received FCA authorization for their UK subsidiaries. (The FCA, of course, is the recently christened successor…
Read moreRecord retail forex volumes have caught the eye of stock market investors – and they are snapping up FX broker shares. LeapRate Exclusive..... Our recent reporting on the record retail forex trading volumes being achieved by FX brokers around the world has indeed been noticed by the Wall Street and London City crowds. Over the first…
Read moreGain Capital institutional volumes now rival those of smaller Forex ECNs. Similar to what we've already seen at leading global FX brokers FXCM, Alpari, and GMO Click, Gain Capital (which as we reported earlier is now beginning to report its Forex.com monthly volumes) also registered solid numbers in May 2013. Retail volume came in at…
Read moreAlpari sees five consecutive months of FX volume trading records. Global FX broker Alpari has reported its best ever month in May, with total group volumes coming in at $260 billion -- eclipsing Alpari's April volumes of $245 billion and March's $238 billion. These stellar results come during a month when we have seen trading…
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