Continuing what has been a parade of stellar volume reports for May 2018 from some of the leading Retail and Institutional FX trading platforms, Australia based ASIC licensed IC Markets has reported that it has joined the "400 Club", with May volumes coming in at a record USD $447 billion. May’s average daily volume record of…
Read moreFrench financial regulator Autorité des marchés financiers (AMF) has issued a warning about the prevalence of aggressive 'boiler room' direct marketing. The AMF stated that this fraudulent practice encourages investors to purchase financial products on the basis of sales pitches incommensurate with the real value of the assets in question and with the promise of extremely…
Read moreAfter reporting record trading volumes throughout Q1, multibank FX aggregation service FXSpotStream has announced that May volumes totaled $645.4 billion, a record for the company. Average daily volumes of $28.1 billion were slightly off FXSpotStream's record in that regard, $28.8 billion set in February 2018 (but as February had 3 fewer trading days, total volumes in…
Read moreIt looks like CySEC is looking for help. The Cypriot financial regulator has issued today a tender for the purchase of services from outside parties, for the examination of CIF license applications, as well as other licenses and designations issued by CySEC including CIPs, UCITS, AIFs, UCITS, AIFM, and OEEPAP. CySEC is also planning to…
Read moreCommodities and Forex broker INTL FCStone Inc (NASDAQ:INTL) has announced that its London-based subsidiary, INTL FCStone Ltd's Precious Metals Division has launched a mobile application version of its proprietary trading platform, PMXecute. PMXecute is an electronic trading platform providing clients with access to liquidity sourced from across the global precious metals markets, nearly 24 hours a day.…
Read moreManic trading in the Japanese Yen-Turkish Lira and Yen-British pound pairs has led the Japanese FX market Click 365 to a very strong volumes report for May 2018. The JPY-TRY pair volume actually surpassed USD-JPY trading at Click 365 in May (see table below). Combined trading volume for all TFX products was 3,486,076 (+35.1% MoM…
Read moreContinuing a very strong start to the year for institutional FX platforms, Forex ECN FastMatch has reported that May 2018 FX trading volumes were up 16% from April, with average daily trading volumes coming in at $22.6 billion. That just beats FastMatch's previous best month of May 2017, at $22.5 billion ADV. By comparison, FastMatch…
Read moreCyprus financial regulator CySEC has issued a new circular, warning CIF licensed entities in the country (mainly Retail FX and CFD brokers) that they should not be taking clients from Russia, unless properly licensed in that country. The Bank of Russia introduced licensing for Retail FX brokers in 2016, and has handed out just a…
Read moreAfter setting two consecutive trading volume records in January and February, and then a slowdown in March and April, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a marked improvement in activity during May. Cboe FX reported trading volumes of $40.9 billion ADV during…
Read moreThe Nova Scotia Securities Commission (NSSC) has announced that it has approved a settlement agreement with Vestcap Investment Management Inc. Vestcap Investment Management Inc. is a portfolio management firm with its head office in Toronto. In 2006 they opened five investment accounts for a couple living in Alberta. In 2008 the couple relocated to Nova…
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