Markets.com email to clients on CySEC Forex and CFD broker rule changes: leverage, bonuses, and more LeapRate

January 23, 2017 BY LeapRate Staff

Markets.com email to clients on CySEC Forex and CFD broker rule changes: leverage, bonuses, and more

Retail forex broker Markets.com, which operates under the regulatory umbrella of CySEC licensed Safecap Investments Limited, a unit of Playtech PLC (LON:PTEC), sent an email out to clients late last week regarding new trading conditions thanks to rule changes implemented by the Cypriot regulator. We think that the email (full text below) represents a fairly good…

January 15, 2017 BY LeapRate Staff

Forex Industry Week Review: Equivalence to replace UK-EU Passport, Oanda and XTB replace CEOs, and lots more…

With executives and traders returning from the year-end holidays, it was a very busy week of Forex Industry News at LeapRate. And once again, we were pleased to bring LeapRate readers the key exclusive stories - EZTrader raising $3 million, XTB firing its CEO, UK financial institutions giving up on EU license passorting in favor…

January 10, 2017 BY LeapRate Staff

Ron Hoffman removed as CFO of Playtech to focus full-time on Markets.com

Online gaming giant Playtech PLC (LON:PTEC) has announced that its longtime CFO Ron Hoffman will resign his position as CFO, in order to focus full-time on building the company's Financials division. Mr. Hoffman will also resign from Playtech's board of directors. His replacement as CFO of Playtech will be Andrew Smith, currently Head of Investor Relations, who…

December 30, 2016 BY LeapRate Staff

Playtech completes €50 million share buyback program

Online gaming and financial trading giant Playtech PLC (LON:PTEC) announced today that it has completed buying back €50 million (USD $52 million) of its own shares in the open market. Playtech initiated the share buyback plan after its shares dropped around 10% late in November, following news that controlling shareholder Teddy Sagi was selling £329 million…

Playtech continues with share buyback programme

December 15, 2016 BY LeapRate Staff

Playtech share buyback passes halfway point with £24.1 million repurchased

After a several day hiatus, online gaming and financial trading giant Playtech PLC (LON:PTEC) was back in the open market repurchasing its own shares yesterday, buying 845,000 shares for more than £6.4 million. Playtech recently announced that the company will buy back up to €50 million (USD $53 million) of its own shares in the coming…

December 13, 2016 BY LeapRate Staff

Odey continues to believe in Plus500, stake now above 23%

UK investment manager Odey Asset Management LLP has continued to buy shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS), building its stake as Plus500's largest shareholder to a more than 23% interest in the company. Odey began buying Plus500 shares early last week in the wake of Plus500's 28% share price drop, following revelations that…

December 13, 2016 BY LeapRate Staff

Forex and CFD brokers lose another $200 million in market value Monday as FCA rule effect continues

Stock market investors have continued to dump shares of publicly traded UK Forex and CFD brokers, following new rules proposed last week by UK financial regulator the FCA for CFD trading. We had earlier reported that the FCA's proposals - including a ban on deposit bonus payments to retail traders, and (more importantly) a 50x…

December 12, 2016 BY LeapRate Staff

Playtech share buyback nearly half completed with £17.7 million repurchased

Online gaming and financial trading giant Playtech PLC (LON:PTEC) has been in the market repurchasing its own shares every day since last Tuesday, December 6, following its announcement that the company will buy back up to €50 million (USD $53 million) of its own shares in the coming weeks through to December 31, 2016. Playtech bought 785,000…

December 12, 2016 BY LeapRate Staff

IG Group CEO Peter Hetheringon attacks FCA's new CFD rules: I’m not sure this really helped

In remarks fairly critical of the FCA's new rules banning bonus payments to retail traders and limiting trading leverage to 50x, IG Group Holdings plc (LON:IGG) CEO Peter Hetherington questioned the logic behind the FCA's moves, and what the likely fallout will be. While discussing what last week was like with UK newspaper The Telegraph in an…

Tag: Playtech PLC (LON:PTEC)