FastMatch August 2018 FX trading volumes down 3% to $19.5 billion ADV LeapRate

September 03, 2018 BY LeapRate Staff

FastMatch August 2018 FX trading volumes down 3% to $19.5 billion ADV

Continuing a string of somewhat slow set of trading volumes being reported for the summer months by leading institutional FX platforms, Forex ECN FastMatch has reported that August 2018 FX trading volumes were down 3% from July, with average daily trading volumes coming in at $19.5 billion. However, despite the seasonal slowdown, FastMatch's figures for both…

September 03, 2018 BY LeapRate Staff

ATFX Forex weekly market update: September 3, 2018

The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Today, the US Labor Day holiday, the US stock market is closed for one day. US markets, foreign exchange, metals and energy transactions closed ahead of schedule. Please attention! International rating agencies said last week that they intend to lower the…

September 03, 2018 BY LeapRate Staff

Cboe FX (Hotspot) August 2018 forex trading volumes up 5% to $34.9B ADV

After reporting a very slow start to the summer trading season in July, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a 5% increase in average daily volumes during August, $34.9 billion versus $33.2 billion the previous month. July's $33.2 billion ADV figure had…

September 03, 2018 BY LeapRate Staff

Exclusive: AxiCorp hires Hannah Hill from GKFX to head EMEA Marketing

LeapRate Exclusive... LeapRate has learned that Australia based Retail Forex group AxiCorp has hired experienced FX industry executive Hannah Hill in London, as the company's new Head of Brand and EMEA Marketing. AxiCorp runs the AxiTrader retail FX brand. The move to hire Ms. Hill comes just several weeks after AxiCorp expanded its presence in London…

September 02, 2018 BY LeapRate Staff

FX Industry Week Review: Forex broker results, Crypto exchange launch, and lots more

It was a fairly quiet last-week-of-summer for Forex Industry News, although we continued to bring our readers the key stories and analysis they won't find anywhere else. Which Retail FX brokers reported results this past week? Which CEO departed the London office of a major global FX broker? Which is the latest Retail FX broker…

August 31, 2018 BY Mariela Naydenova

A Japanese messaging leader issues its own token and blockchain network

Line is a Japanese company that offers free calls and messaging services on a variety of smart phones, including PCs. The company has just announced that it has launched its very own token based on the blockchain network. The name of the cryptocurrency is LINK, while the name of the blockchain system is LINK Chain.…

August 31, 2018 BY LeapRate Staff

FXTM Brand Ambassador Lewis Pugh reaches finish line of the Long Swim

The following article was written by FXTM staff writer Kirsty MacSween. The Long Swim has been swum. Dover’s Shakespeare Beach is more usually the starting point for taking on the challenge of swimming across the English Channel, but on Wednesday, the 29th of August, it instead played host to the triumphant finale of the first…

August 31, 2018 BY LeapRate Staff

Exclusive: Dukascopy losses continue in 1H-2018 as Revenues drop 4%

LeapRate Exclusive… LeapRate has learned that Geneva and Latvia based Retail FX brokerage group Dukascopy continued its fairly weak performance from 2017 into the first half of 2018. After posting a $2.4 million loss in 2017 amid a 12% Revenue drop, Dukascopy posted Revenues of CHF 14.3 million (USD $14.8 million) in the first six months of 2018, down…

August 31, 2018 BY LeapRate Staff

ATFX sponsors Duke of Edinburgh Cup qualifying competitions

ATFX has announced its sponsorship of the Duke of Edinburgh cup earlier this month, in line with the company’s commitment to the future leaders within its communities. The Duke of Edinburgh Cup was established to support the Duke of Edinburgh International Award and young people all around the world. Founded by HRH Prince Philip, the…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

August 30, 2018 BY Valentina Kirilova

SEC charges former cash advance firm CEO with defrauding retail investors

The Securities and Exchange Commission (SEC) has announced charges against 1 Global Capital LLC and its former chief executive officer for allegedly defrauding at least 3,400 retail investors, more than one-third of whom invested their retirement funds. The Florida-based cash advance company and former CEO Carl Ruderman allegedly fraudulently raised more than $287 million since…