Following newly introduced regulations and its direct effect on all EU brokers, global FX and investment group Credit Financier Invest (CFI) has introduced a new EU-Specific Institutional package. The company stated that in addition to its tight spreads and deep liquidity, it now offers to its EU partners a new product that will help them comply…
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The name GTX has been associated for years with parent GAIN Capital Holdings Inc (NYSE:GCAP). And so the news late last month of GTX being sold for $100 million to Deutsche Boerse AG's 360T unit came of something of a surprise to many in the FX world - especially as GTX just announced its best-ever month for…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated, London based institutional FX broker FIXI plc has raised an additional £2.2 million (USD $3.0 million) in capital from its shareholders, and hired a number of senior executives, ahead of a planned expansion into Retail FX. First, regarding the fundraising.... FIXI shareholders led by Goran Drapac -…
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GTX (Switzerland) GmbH, the Swiss institutional FX subsidiary of global forex broker Gain Capital Holdings Inc (NYSE:GCAP), has announced that it has opened a new office in Zurich to support sales to money center and regional banks as well as fund managers. The new office is headed by Antonio (Toni) Fañanas, Director, Institutional Sales. Mr.…
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LeapRate Exclusive... LeapRate has learned that FCA regulated multi asset prime broker Divisa Capital has begun making a round of senior level management hires, following its recently announced $100 million capital raise which we discussed with Divisa Capital CEO Mushegh Tovmasyan at the time the very handsome financing was revealed back in January. First to join is…
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LeapRate has learned that longtime ADS Securities employee and Co-Head of Global eFX Coverage Bryan Seegers has resigned his position at the firm. Bryan Seegers had been with ADS, which provides both retail and institutional FX services, for five years, initially joining the company in Abu Dhabi as a Senior FX Dealer. He had previously…
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