Move by Markets.com to stop paying commissions to salespeople and to automate operations follows failed attempt to buy rival Plus500 late last year.
Read morePlaytech PLC (LON:PTEC) today announces the appointment of John Jackson, who joined the company's Board of Directors as a non-executive director in January this year, as Chairman of the Board's Remuneration Committee. The appointment is effective immediately. In his new role, Mr Jackson succeeds Playtech's non-executive director Paul Hewitt, who retains the role of Chairman…
Read moreKnown mainly in the Forex and online gaming worlds for his controlling interest in Playtech PLC (LON:PTEC), parent company of Retail Forex / CFD brokerage Markets.com, online entrepreneur Teddy Sagi has a number of other public companies in his portfolio. One of those companies, Crossrider PLC (LON:CROS), recently put out a year-end trading update which disappointed investors,…
Read moreThe UK Competition & Markets Authority (CMA) today published an Issues Statement as a part of its review of the anticipated merger between Ladbrokes PLC (LON:LAD) and certain businesses of Gala Coral Group Limited. Several paragraphs of the statement are dedicated to Playtech PLC (LON:PTEC), which provides Ladbrokes and Gala Coral, as well as other…
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Further to the report put out on the UK online trading market by research firm Investment Trends, LeapRate has learned that in the fast-growing CFDs sector there has been some movement among the top brokers providing CFDs trading. Not surprisingly, continuing to lead the sector is IG Group Holdings plc (LON:IGG), which was named by…
Read moreAfter failing to acquire retail forex brokers Plus500 Ltd (LON:PLUS) and AvaTrade late last year in deals which would have totaled more than $800 million, online gaming and forex giant Playtech PLC (LON:PTEC) is apparently returning its M&A appetite to its core business of online gaming platforms and the possible acquisition of rival OpenBet. Owned by…
Read moreRetail forex broker Markets.com, a unit of Playtech PLC (LON:PTEC), will be raising margin requirements from 5% to 10% for CFDs on certain US-traded stocks during the current Q4 earnings reporting season. Shares of even very liquid, well-traded equities tend to be more volatile leading up to an earnings announcement - especially year-end results, when 'surprise'…
Read moreLeapRate Exclusive Interview... AvaTrade can easily be called one of the quiet success stories of the Retail Forex sector. Many in the industry were taken a little by surprise when AvaTrade's financials were revealed, exclusively by LeapRate, in some filings made by Playtech PLC (LON:PTEC) soon after Playtech announced its planned $105 million acquisition of…
Read moreCompetition in the ultra-competitive UK online market heating up as LCG joins ETX Capital and others in upgrading their technology and look to suit a new generation of traders.
Read morePlaytech PLC (LON:PTEC) has just announced that John Jackson will join its Board of Directors, effective January 1, 2016. Mr. Jackson will sit on the Board's Remuneration Committee; Risk and Compliance Committee; Audit Committee; and Nominations Committee. Mr. Jackson's previous roles include group Chief Executive of Jamie Oliver Holdings Limited from 2007 to 2015; group…
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