During the past week in the online trading industry we have seen new offerings and new technology from companies all around the world. We also announced a brand new way to keep up with all the latest news on the go.
On Sunday we interviewed the new CEO of trading technology provider Leverate Yasha Polyakov about his new role, the company and the state of the industry.
Later in the week Leverate announced the launch of Acxelr8, the group’s newest professional services department. Chen Ben Nun, the new head of the unit, commented: “Acxelr8 is designed to support brokers achieve business excellence at all levels of operation, from the acquisition and conversion of new clients through to retention. The professional services available through Acxelr8, utilize advanced technology and applies business intelligence insights to support brokers achieve stronger profits.”
On Monday we reported that FXCM Group has taken additional steps to separate itself from Global Brokerage Holdings LLC, terminating an existing agreement.
Brendan Callan, CEO of FXCM, commented on the latest termination of the agreement: “We are extremely pleased to have taken this step. I believe that operating on a standalone basis is better for the firm, our stakeholders and most importantly our clients. FXCM continues to invest in our product offering and look forward to launching a new Web platform and MT5 in the coming months.”
On Tuesday we exclusively reported that social trading provider Tradeo has been acquired. Sources with knowledge of the matter have shared with Finance Magnates that the deal was only recently agreed upon.
Aside from its client base, one of the major assets of the brokerage is its CySEC license. The firm has operating offices in Cyprus and Bulgaria.
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On Wednesday we announced a new way to stay up to date with all the latest news on your computer or mobile device with push notifications.
Finance Magnates has shifted over to a secure site protocol using HTTPS. Readers will be prompted to re-subscribe on desktop and mobile browsers. The move has zeroed some our users’ preferences.
On Thursday we reported that the company behind Trade.com, Cyprus-headquartered LeadCapital Group, is launching a new multi-asset brokerage tailored to the Asian market, FINQ.com.
Elaborating on the reasons for the opening of a new brand, Mr Gavish explained: “Our brand Trade.com has been growing steadily in Europe and will be soon entering the South African market. We decided to start a new brand that is solely focused on Asia in terms of infrastructure, design and some other aspects of the business.”
On Friday we reported that London-headquartered, FCA-regulated brokerage ETX Capital has become the latest retail trading venue to launch access to a Bitcoin trading.
Andrew Edwards, CEO of ETX, commented on the new offering: “Adding Bitcoin to our large base of over 5,000 markets is one of the next steps in our continuing commitment to rollout new products and technology improvements that create more trading opportunities for our clients. There’s a lot more to come in the following months.”
On Saturday we exclusively reported that newly established blockchain-based fintech venture trade.io is launching an ICO. Foreign exchange and CFDs brokerage FXPRIMUS will be an early adopter of the company’s technology and trading platform.
Ultimately, trade.io will be a trading platform for not only crypto assets but also forex and CFDs over precious metals, oils, commodities, indices and equities. With an unlimited number of assets that can be traded, the company is aiming to reduce inefficiency and lower costs for investors and companies by disrupting the capital markets intermediary ecosystem.