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Yahoo! Japan launches UK regulated Forex brokerage, Gulliver FX
LeapRate has learned that Japanese web and trading giant Yahoo! Japan has launched a new Retail Forex brokerage in the UK, called Gulliver FX (interesting choice of name!). Gulliver FX is regulated by the FCA. Yahoo Japan! is no stranger to online trading. The company – originally set up as a joint venture between Yahoo! and Japan’s Softbank – owns and operates YJFX.jp, one of Japan’s Top-Five retail FX brokerage brands doing about $200 billion per month in volumes. Yahoo! Japan is today a public company, trading on the Tokyo Stock Exchange with a market value of about $25 billion. Yahoo! itself is worth $35 ... (full story)