LeapRate Exclusive... It looks like a number of heavy hitters are betting on a comeback in the share price of CFD broker Plus500 Ltd (LON:PLUS). Plus500 shares, and those of other leading UK online brokers including IG Group Holdings plc (LON:IGG) and CMC Markets Plc (LON:CMCX), were hit hard late last year following new proposed rules unveiled…
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LeapRate Exclusive... LeapRate has learned that a secret, invitation-only meeting was held yesterday in London between the FCA and senior representatives from several of the leading regulated Forex and CFD brokers in the UK. The meeting was meant to help clear the air between the regulator and the brokers regarding the way the FCA 'surprised'…
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CFD broker Plus500 Ltd (LON:PLUS) just announced preliminary unaudited results for the year ended 31 December 2016, which include record quarterly Revenues of $91.3 million in the fourth quarter. For the full year 2016, Plus500 brought in $327.9 million in Revenues and earned Net Profit of $117.2 million, also both best-ever results for the CFD broker.…
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It was a week of change in the political world, and a week of change as well in Forex Industry News at LeapRate. Financings, restructurings, and even a senior Forex executive facing a trial by jury after losing an appeal on taking source code and trade secrets from one company to another. And as usual,…
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LeapRate Exclusive... It looks like a number of heavy hitters are betting on a comeback in the share price of CFD broker Plus500 Ltd (LON:PLUS). Plus500 shares, and those of other leading UK online brokers including IG Group Holdings plc (LON:IGG) and CMC Markets Plc (LON:CMCX), were hit hard last month following new proposed rules unveiled…
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For those in the European or UK Forex, CFD and retail financial services industry hoping for some form of license passporting to remain in place as part of Brexit, it doesn't look like you'll get your wish. UK financial industry lobby group TheCityUK, put together by a number of the UK's leading banks and financial…
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Forex Industry News in the first week of 2017 contained a microcosm of much of the hot topics from 2016 - IPO, binary options regulation, arrests, new licenses, trade disclosure and transparency... And just like in 2016, you read about it first or exclusively at LeapRate. An initial look at December FX trading volumes showed…
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Investment management firm Odey Asset Management, which oversees nearly $8 billion in assets and is the largest shareholder in CFD broker Plus500 Ltd (LON:PLUS), apparently had a disastrous 2016. Bloomberg is reporting that Odey disclosed in an investor letter that its main hedge fund lost 49.5% of its value in 2016, thanks to incorrect bearish…
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LeapRate Exclusive... 2016 was not a good year for shareholders of publicly traded Forex and CFD brokers. LeapRate analysis (see table below) has calculated that more than $2.4 billion was erased from the market value of online trading brokerages during 2016. On average each brokerage lost more than one-third, or 37%, of its market cap…
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Hard to believe, but 2016 is just a couple of days from officially becoming history. And history was indeed made in the Forex sector during 2016. When looking at the top Forex Industry stories and themes of 2016, like in 2015, one storyline clearly stood above the rest in reshaping the sector for the months and…
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