Continuing 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…
Read moreJust two days after announcing that it had been acquired by Deutsche Boerse's 360T for $100 million, institutional FX platform GTX has reported its best-ever month, setting record trading volumes in May 2018. May’s average daily volume at GTX ECN of $16.8 billion exceeded the previous $16.1 billion record set in February this year. Total…
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Pan European financial regulator ESMA has announced the dates from which it will enforce new rules governing online trading and brokerage. We would note, however, that the new rules - banning Binary Options in the EU and restricting leverage on CFDs as outlined in more detail below - are temporary and will only be in…
Read moreSouth Africa is on its way to become a cryptocurrency trading "heaven" and acts as a center of digital assets on the oldest continent. The Merkle just reported that one of the well known asset management companies, Sygnia, is looking to launch a cryptocurrency exchange in the third quarter of 2018. Africa has long been…
Read moreThe U.S. Securities and Exchange Commission (SEC) has announced charges against an employee of prominent investment bank Goldman Sachs (NYSE:GS) with repeatedly using his access to highly confidential information in order to place illicit and profitable trades in advance of deals on which the bank was providing investment banking advisory services. According to the SEC’s complaint,…
Read moreFCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (NEX:LCG) has announced its results for the full year 2017, indicating steady if unspectacular improvement in the second half of the year. However, the company continues to lose money, albeit at a slower rate. And, most interestingly, the company separately announced that…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm VBM Capital Partners. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Be aware that the scammers may give out other false details or mix them…
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