LCF used to issue mini-bonds and invest the proceeds from these in different businesses. In its warning, the FSCS makes it clear these letters are not from the scheme although they appear on FSCS-headed paper. This organisation advised those targeted to ignore these scam letters and invited them to contact the FSCS directly. In a…
Read more
When there are delays, there will always be speculation as to the consequences after a final decision is made. Such is the case with Brexit negotiations, which have gone on longer than anyone initially contemplated. There have been all manners of guesses as to what might happen to the Pound, to the labor market, and…
Read more
PrimeXM, a specialist in liquidity aggregation and connectivity also offering network solutions, MT4/MT5 bridging technology, and white labels today announced a new office in the city of London. This is one of the many impending developments the company is planning as part of its strategy to expand its offering. The move today allows the company to…
Read more
While other major European capitals play to Brexit fears in a bid to steal the UK's leading fintech hub status, Belgium is taking a different approach by seeking to build a mutually supportive bridge between startups across both jurisdictions. A delegation led by Belgian finance minister Johan van Overtveldt has crossed the channel to initiate…
Read more
LeapRate Exclusive... we have learned today that UK-based FX brokerage technology provider itexsys has officially launched itexFX, a Global Currency Transfer service right in the heart of London. Simon Blackledge, Director of itexFX stated: Our main priority is to provide a secure, transparent and competitive foreign exchange service for corporate and personal clients. Many of our existing…
Read moreMany investment banks use their London hubs to run their EU operations, relying on the passporting system that allows them to operate across the bloc while being regulated just in Britain. The Brexit vote could threaten those arrangements if banks no longer have access to the single market. Rob Rooney, CEO of Morgan Stanley International,…
Read moreGTX, the institutional foreign exchange trading arm of GAIN Capital Holdings Inc. (NYSE: GCAP), will launch a new matching engine for its flagship ECN in London October 15, 2016. A Tokyo-based matching engine is planned to come online within 90 days. At launch, liquidity on the LD4 matching engine will supplied by more than 10…
Read moreLeapRate learned today that financial industry veteran Mr. Samuel John Ruiz has been officially terminated from his position as Non Executive Director of Forex brokerage ADS Securities London. Mr. Ruiz served on the board from February 2015 to September 2016. According to his Linkedin profile Mr. Ruiz has a new important gig taking up most…
Read moreWindsor Brokers, the fourth largest financial company in Cyprus announced today the opening of their new branch in the centre of London. The Windsor team in the UK is now also ready to cater to clients from the UK as well as the European region. However, it should be noted the company has not received an…
Read moreEquinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, announced that it has completed the second phase expansion of its LD6 International Business Exchange™ (IBX®) data center in Slough, London. This new phase further supports businesses expanding in the UK, providing customers with the critical IT infrastructure required to gain competitive advantage. With $42M…
Read more