Category: forex news

Institutional trading optimization company Capitolis has announced that it has entered into an agreement to acquire LMRKTS, an industry-leading multilateral optimization and compression provider. The proposed acquisition is scheduled to close in the month of August, subject to certain closing conditions. Terms of the deal were not disclosed. Already a market leader in bilateral compression,…

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RegTech solutions provider to capital markets companies and brokers LPA Group has announced that it has been selected by Interactive Brokers (NASDAQ:IBKR) to provide a solution for regulatory documentation for its entire range of financial instruments. This includes stocks, bonds, options, and futures in over 135 markets, 33 countries and 23 currencies. LPA’s solution is…

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The war of words (and for the minds and votes of Playtech shareholders) between Playtech and Gopher Investments is continuing. After Gopher Investments – controlled by Hong Kong based Jonathan Bond’s TT Bond Partners – sent out a strongly worded letter yesterday encouraging Playtech shareholders to vote “No” on August 18 to the sale of…

Read More “Playtech responds to Gopher: no other offers for Finalto” »

Kapital Investment Group B.V. (KIG BV), part of the global financial services group Global Kapital Group and parent of the GKFX retail forex brand, has announced that it has acquired Işık Menkul Değerler A.Ş., a multi-asset broker in Turkey. The company said that the acquisition gives KIG BV a greatly increased product range, as Işık…

Read More “GKFX parent GKG buys Turkish CFDs broker Isik Menkul” »

Global trading provider INFINOX has announced that it is adding MetaTrader 5 (MT5) technology to its popular social trading platform, IX Social. INFINOX stated that MT5 will bring more trading opportunities to both beginner and experienced traders on its platform, by offering a huge range of popular equity markets. The expansion aligns with the company’s…

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FNG Exclusive… Further to our recent exclusive report that longtime ADSS UK CEO Paul Webb and CFO Trevor Beagrie had left the company (with Mr. Webb moving to rival Equiti Capital), FNG has learned that a number of other senior executives have recently left the company, while ADSS has brought on board several other experienced…

Read More “Exclusive: More senior management turnover at ADSS” »

Leading Australia based Retail FX and CFDs broker IC Markets has announced a new partnership with leading esports brand OG Esports. The company said that it is happy to join institutions that share the same core values of innovation, technology and success, which is why it leapt at the opportunity to partner up with an…

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As currency (and crypto) volatility continued and the equity bull continued to run, global Retail FX and CFDs broker Exness reported another stellar month for client trading volumes. Exness had a best-ever month in July 2021, reporting trading volumes of $974.5 billion – 13% above June’s $861.7 billion, and 5% better than March 2021’s previous…

Read More “Exness sets volume record with July at $974.5 billion” »

Most shareholder votes at most widely held publicly traded companies are not exciting affairs, with outcomes almost always pre-decided and in favor of what the board recommends. But this one promises to be interesting. After yesterday the Playtech board issued a Supplementary Circular which reset a shareholder vote for August 18 to approve the planned…

Read More “Gopher Investments urges Playtech shareholders vote against Finalto sale” »

Retail and institutional FX broker OANDA has made its second senior management hire in as many weeks. After we reported at the end of July that the company had hired WiZink exec Philip Holemans as its new CFO, OANDA has announced the appointment of John Farda as Managing Director of North America. Based in New York,…

Read More “OANDA adds Fidelity/E*Trade alum John Farda as MD North America” »