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Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
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  • FCA Gets Tougher, To Publicize Earlier Warnings Against Wrongdoers

    The UK's financial regulator The FCA plans to use the media as another weapon against violators.

    FCA warning, FCA regulation, FCA fine, FSA becomes the FCA, UK regulatorUK's financial regulator The FCA (formerly FSA) was given more powers under the UK's Financial Services Act of 2012, and now it has informed the public that it intends to use them. The FCA plans to publish, much earlier in the process, information about certain enforcement actions.

    What does this mean?

    Until now, the FCA had to be well down the road in proving the guilt of an individual or regulated company (or nearing a settlement) accused of violating FCA rules before letting the public know that someone was under investigation. Now, the FCA will be able to publicize that investigations are under way, even naming the investigated party, much earlier in the process.

    The FCA claims that this will result in earlier transparency of enforcement proceedings. What is reallymeans, however, is that the FCA now has a very serious new weapon in both preventing and fighting financial crime -- the media. The media is one of the regulator's most powerful tools in rooting out violators. Now, companies and individuals know that their names will get in the press, in a very negative way, if they cross the FCA.

    The result? Probably a lot more early settlements of suspected wrongdoing, like we see in the U.S.

    For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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    Tags: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, LUK, JPM
    Oct 15 8:13 AM | Link | Comment!
  • Twitter's IPO Filing Docs Suggest $12.8 Billion Value, Above Early Greymarket Indications

    IG Group and ETX Capital already allow (greymarket) trading of Twitter shares.

    Twitter IPO valuation, Twitter greymarket trading, trade Twitter shares, trade Twitter stock, Twitter broker, TWTRIt seems as if those who bought in (very) early to Twitter are already ahead.... Social microblogging site Twitter has finally made final its IPO prospectus, which includes its plans to value the company at about $12.8 billion. As we wrote earlier, several UK spreadbetting firms, led by IG Group and ETX Capital, very quickly launched greymarket trading in Twitter stock after Twitter announced its plans to go public in early September, but before it had publicly disclosed its detailed financials.

    The Twitter trading at IG and ETX is based on Twitter's overall valuation. When first launched, traders were betting on a $10.5-$11.5 billion valuation range for Twitter. That is sure to pop today, after Twitter indicated it is aiming at a $12.8 billion valuation.

    And for those of you who were wondering -- no, Twitter is not going to go with the stock symbol TWIT! Twitter and its underwriters have chosen a much more neutral stock symbol TWTR. Interestingly, Twitter did NOT indicate on which market it will list, leaving both the NYSE and NASDAQ still fighting it out to land the year's most prestigious new listing.

    Early word we've heard is that Twitter greymarket trading has indeed been very light so far at both IG and ETX, although it has been a very interesting marketing tool as both firms increasingly target the 'retail' crowd -- IG in particular is in the midst of a major marketing campaign boosting its image as a Forex broker, including IG's new MT4 capabilitiesand its new IG.com website. However, with Twitter's filing and numbers out in the public domain now, it is expected that Twitter greymarket trading will increase leading up to the actual IPO.

    To see the complete Twitter IPO prospectus (technically an S-1 filing with the SEC) click here.

    For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

    largest forex broker, leading forex brokers, regulated forex brokers, top forex brokers

    Oct 04 3:38 AM | Link | Comment!
  • Twitter's IPO Filing Docs Suggest $12.8 Billion Value, Above Early Greymarket Indications
    IG Group and ETX Capital already allow (greymarket) trading of Twitter shares.

    Twitter IPO valuation, Twitter greymarket trading, trade Twitter shares, trade Twitter stock, Twitter broker, TWTRIt seems as if those who bought in (very) early to Twitter are already ahead.... Social microblogging site Twitter has finally made final its IPO prospectus, which includes its plans to value the company at about $12.8 billion. As we wrote earlier, several UK spreadbetting firms, led by IG Group and ETX Capital, very quickly launched greymarket trading in Twitter stock after Twitter announced its plans to go public in early September, but before it had publicly disclosed its detailed financials.

    The Twitter trading at IG and ETX is based on Twitter's overall valuation. When first launched, traders were betting on a $10.5-$11.5 billion valuation range for Twitter. That is sure to pop today, after Twitter indicated it is aiming at a $12.8 billion valuation.

    And for those of you who were wondering -- no, Twitter is not going to go with the stock symbol TWIT! Twitter and its underwriters have chosen a much more neutral stock symbol TWTR. Interestingly, Twitter did NOT indicate on which market it will list, leaving both the NYSE and NASDAQ still fighting it out to land the year's most prestigious new listing.

    Early word we've heard is that Twitter greymarket trading has indeed been very light so far at both IG and ETX, although it has been a very interesting marketing tool as both firms increasingly target the 'retail' crowd -- IG in particular is in the midst of a major marketing campaign boosting its image as a Forex broker, including IG's new MT4 capabilities and its new IG.com website. However, with Twitter's filing and numbers out in the public domain now, it is expected that Twitter greymarket trading will increase leading up to the actual IPO.

    To see the complete Twitter IPO prospectus (technically an S-1 filing with the SEC) click here.

    For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

    largest forex broker, leading forex brokers, regulated forex brokers, top forex brokers

    Oct 04 3:37 AM | Link | Comment!
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