FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has reported its operating metrics for the month of October 2017. Institutional FX volumes were down 10% MoM in October – from $279.0 billion to $250.4 billion. Forex.com retail FX trading volumes were down slightly, 5% MoM, to $192.5 billion, in what appears to have been a…
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FX brokerage group Gain Capital Holdings Inc (NYSE: GCAP) has announced that Alastair Hine was appointed Chief Operating Officer effective November 6, 2017. Mr. Hine will be based in GAIN Capital's London office and report directly to Chief Executive Officer, Glenn Stevens. Alastair Hine joins GAIN Capital from IG Group Holdings plc (LON:IGG), where he spent the last 18 years in senior leadership…
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LeapRate Exclusive... LeapRate has learned that the longtime CEO of London-based FX, CFDs and spreadbetting broker ETX Capital, Andrew Edwards (pictured above), has resigned. We also understand that Mr. Edwards has left ETX to take a similar job at a rival firm, which will be unveiled shortly. Replacing Mr. Edwards as CEO of ETX Capital,…
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Australia based financial research house Investment Trends has released its 2017 France CFD and FX Report, an in-depth study of French CFD and FX traders’ attitudes and investing habits. The study is based on a large-scale survey of over 6,000 investors and traders concluded in July 2017. Key highlights from the Investment Trends 2017 France…
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Once again, all the key Forex Industry News stories appeared this past week only at LeapRate. (Or, were soon after copied by other blogs :-) ). Which longtime IG Group Holdings plc (LON:IGG) executive was hired as the new CEO of leading Australia Retail FX broker Pepperstone? Which major city held a coordinated police raid on…
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LeapRate Exclusive... LeapRate has learned that leading Australian Retail FX and CFDs broker Pepperstone has hired Tamas Szabo as its Group Chief Executive Officer. We expect the company to make a formal announcement shortly. Tamas Szabo was most recently CEO of the Australia and New Zealand operation, and Head of Asia Pacific, for IG Group Holdings plc (LON:IGG).…
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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…
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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…
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CFD broker Plus500 Ltd (LON:PLUS) issued its customary end-of-quarter Trading Update today, indicating that both Revenues and Profits are on track to be ahead of expectations. Plus500 did not give any specific numbers or targets. Plus500 reported a "monster" quarter in Q2, as the company has grown to become the #2 UK CFD broker behind only…
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LeapRate Exclusive... LeapRate has learned that CySEC licensed retail FX broker IronFX has launched a new affiliate program system, utilizing software provided by Cellxpert. Cellxpert's other clients in the Retail FX space include UK industry leader IG Group Holdings plc (LON:IGG) and Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB retail…
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