LeapRate has learned via filings made to the London Stock Exchange that global investment bank Morgan Stanley (NYSE:MS) has sold down its stake in FCA regulated retail forex and CFD broker Plus500 Ltd (LON:PLUS) to below 3%. Morgan Stanley had been the second or third largest outside shareholder in Plus500 at just under 7%, after UK investment manager…
Read moreIt looks like another unit of Teddy Sagi's online gaming and trading holding company Playtech PLC (LON:PTEC) is going through a series of large scale layoffs. After LeapRate's exclusive report earlier this year about mass firings at Playtech Retail Forex unit Markets.com in a restructuring of its sales, retention and customer service operations, it now appears as if…
Read moreIt looks like another unit of Teddy Sagi's online gaming and trading holding company Playtech PLC (LON:PTEC) is going through a series of large scale layoffs. After LeapRate's exclusive report earlier this year about mass firings at Playtech Retail Forex unit Markets.com in a restructuring of its sales, retention and customer service operations, it now appears as if…
Read morePlaytech PLC (LON:PTEC) is today hosting its Annual General Meeting (AGM), with the company publishing a statement that its Chairman, Alan Jackson, will make. The statement includes a brief update on the recent developments at the company, including its financials division (Markets Limited), which was established after the acquisition of TradeFX (which includes the Markets.com…
Read moreNew Israeli regulations ban deposit bonuses, limit leverage, ban debit card deposits, and require signed conflict of interest policies.
Read moreGlobal investment bank JPMorgan Chase & Co. (NYSE:JPM) has made filings to the London Stock Exchange indicating that it has increased its stake in retail Forex and CFD broker Plus500 Ltd (LON:PLUS) to 9.0%, up from 7.5% previously. JPMorgan now holds directly 10,330,061 Plus500 shares, worth £67.8 million (USD $96 million). Plus500 shares have been on a…
Read morePlaytech PLC (LON:PTEC) has just published a filing with the London Stock Exchange, stating that it will no longer be releasing Q1 or Q3 trading updates. The move is in tune with market practice for companies with a Premium Listing on the London Stock Exchange to move away from Interim Management Statements. The change, the…
Read moreIt was a fairly good week for shares of retail forex brokers. (At least for some of them). Hottest of the group was FXCM Inc (NYSE:FXCM), which saw speculation heat up again regarding its ability to seal a deal with Leucadia National Corp (NYSE:LUK) and renegotiate terms of its $300 million loan from Leucadia. FXCM shares…
Read moreIt has been a very busy year for Plus500 Ltd (LON:PLUS). Despite getting through last January's Swiss Franc spike with nary a scratch, shares of the Retail Forex and CFD broker took a dive until Playtech PLC (LON:PTEC) stepped in with plans to buy Plus500 for $700 million. When that deal unravelled late in 2015 Plus500…
Read morePlaytech's just-issued Q4 and Full Year 2015 financial report confirms our exclusive report from yesterday - that its financials division headlined by the Markets.com brand is going through a major restructuring. Our report had focused on the internal restructuring at Markets.com, including the firing of many sales, retention and customer service employees and the ending…
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