January 25, 2017 BY LeapRate Staff
Forex liquidity consolidation: IS Prime buys ThinkLiquidity
ThinkLiquidity Managing Director Jeff Wilkins will continue as Managing Director of IS Prime Risk Services.
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January 18, 2017 BY LeapRate Staff
ADS Securities adds Deutsche Bank FX veteran Chris Hansen to its UK Board
LeapRate has learned that UAE based forex trading solutions provider ADS Securities has added Chris Hansen to the board of directors of its FCA regulated UK arm, ADS Securities London Limited. Mr. Hansen's appointment became effective as of January 1, 2017. Chris Hansen is a 13 year veteran of Deutsche Bank AG (FRA:DBK), leaving DB…
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January 18, 2017 BY LeapRate Staff
What's Divisa Capital going to do with $100 million? CEO Mushegh Tovmasyan speaks...
LeapRate Exclusive Interview... $100 million is a big chunk of change, no matter what business you're in. So clearly, FCA regulated multi asset prime broker Divisa Capital has big plans in mind from its most recent fundraising, raising that amount from Gulf investors. Why raise all that money? What else can we expect to see…
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January 17, 2017 BY LeapRate Staff
Marco Baggioli on changes at ADS Securities, forex liquidity, regulation, prime brokerage and more
LeapRate Exclusive Interview... When Marco Baggioli (pictured above) left his position as Global Head of FX Prime Brokerage at French bank BNP Paribas SA (EPA:BNP) in early 2015 to be COO of the new London office of Abu Dhabi based ADS Securities, he certainly knew that he was beginning a new adventure and new chapter in his…
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December 29, 2016 BY LeapRate Staff
GCM Prime posts just £61,000 of Revenue in Fiscal 2016, sees loss of £729,000
LeapRate Exclusive... LeapRate has learned that FCA regulated Forex and CFD brokerage GCM Prime Ltd posted just £61,385 of Revenue in 2016 (GCM Prime has a March 31 fiscal year end), and a net loss of £729,235 for the year. The shareholders of BVI-based offshore retail forex broker Gallant Capital Markets (gcmfx.com) bought an inactive…
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December 28, 2016 BY LeapRate Staff
Finotec revenues fall and posts loss in 2015, auditors cite going concern uncertainty
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…
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August 30, 2016 BY LeapRate Staff
Invast promotes Jon Leung and James Alexander to boost its PurePrime FX institutional services
Invast Global, the ASIC-regulated Australian-based offshoot of leading Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), has promoted two C-level executives with an eye to further expanding its FX prime services offering, PurePrime. Joining Invast CEO Gavin White at the top management table will be Jon Leung and James Alexander. White, Leung and Alexander know each other…
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May 23, 2016 BY LeapRate Staff
How easy is it to become a Prime of Prime?
Many FX brokers are looking to become liquidity providers and to distribute their liquidity as look for new avenues to expand.
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September 14, 2015 BY LeapRate Staff
CFH Clearing switches to BNP Paribas as FX Prime Broker
Interbank prime of prime solutions provider CFH Clearing has selected BNP Paribas SA (EPA:BNP) as its new FX prime broker. BNP Paribas was selected following a rigorous process. CFH cited BNP's strong credit rating, speed of onboarding and robust systems as factors in its decision. LeapRate had earlier reported that CFH had switched FX prime brokers…
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June 10, 2014 BY Gerald Segal
LeapRate Exclusive: AxiTrader set to launch AxiPrime liquidity services
Leading Australian retail forex broker AxiTrader is breaking into the institutional business. LeapRate has learned that about two months ago AxiTrader went live with a soft launch of AxiPrime, combining liquidity, prime brokerage and aggregation services for retail forex brokerages and institutional traders, leveraging off AxiTrader's regulated status in both Australia and the UK. AxiPrime…
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