The following article was written by Jasper Lawler, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The yield curve is in the process of flattening, where short-term bond yields are rising relative to longer term bond yields. This is sending mixed signals to the forex markets. There are several reasons why…
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LeapRate Exclusive... LeapRate has learned that Rowena Harris-Doughty has left her role as Marketing Director at Retail FX broker Destek Markets, to become Marketing Manager at deliverable spot FX dealer Monex Europe. Not to be confused with either Monex Group Inc. (TYO:8698), the publicly traded Japanese FX broker or Indonesia-based PT Monex Investindo Futures, Monex Europe is…
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LeapRate Exclusive... LeapRate has learned that Finsa Europe Ltd., which operates online spreadbetting, CFD and Forex trading brokerage brand Core Spreads (at corespreads.com), has received a capital injection of £2.8 million from the company's controlling shareholder Jasper White. The investment marks a large milestone for the company, as to date only £192,000 was invested in the company,…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that at an LCG shareholder meeting held earlier today, the company's proposal to delist from the London Stock Exchange and move the company's share listing to the NEX Exchange Growth Market run by NEX Group PLC (LON:NXG) was approved. LCG's last day…
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Will ESMA change its mind? While all formal indications to date indicate that ESMA plans to carry through with its new rules governing online trading - including a 30x leverage cap on CFDs - insiders within ESMA have admitted that the pan-European regulator has seen a virtual deluge of responses to its proposals, numbering in…
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Exactly a month after dropping its bombshell proposal of a hard 30x cap on CFD leverage, European pan financial regulatory body ESMA has taken the next step in enacting its proposals by formally opening a 'call for evidence' from the public and affected parties to give formal feedback on its proposals. The consultation period will…
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Continuing its international expansion and clear plans to grow in Europe, China based Retail FX brokerage group TigerWit has announced that it has acquired Mercor Index, the UK based and FCA regulated broker set up by longtime London Capital Group Holdings plc (LON:LCG) CEO Simon Denham. Mr. Denham set up Mercor Index in 2015 after Charles-Henri…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to hold a shareholder vote on delisting the company’s shares from trading on the London Stock Exchange AIM market on February 6. When LCG originally announced its plans to delist from the LSE in late December,…
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In what is a usually quiet pre-Christmas-break week, Forex Industry News at LeapRate was anything but. ESMA's surprise move to cut maximum leverage allowed in CFD trading shook the industry, eliciting a lot of industry reaction, and hit hard the shares of publicly traded brokers including IG Group Holdings plc (LON:IGG), Plus500 Ltd (LON:PLUS), and CMC Markets…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to delist the company's shares from trading on the London Stock Exchange's AIM market. LCG didn't give an exact date for the delisting, just that it would convene a shareholders meeting to vote on the matter…
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