Data released today by the Tokyo Financial Exchange indicated that forex trading volumes were up slightly during the month of June in Japan. The TFX indicated that the total trading volume of its FX Daily Futures contracts (Click 365) was 2,404,152, up 8.3% versus May but still way down (48.9%) from last year June. Average daily forex…
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FCA regulated Forex and CFD broker Plus500 Ltd (LON:PLUS) has issued a Half Year Trading Update, indicating that its business did very well in the just-completed second quarter of the year. Without giving specific numbers, which will be delivered in early August, Plus500 stated that the business has continued to trade very strongly, with both revenues and…
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Australia financial regulator ASIC has released a consultation paper proposing guidance on managing conflicts of interest and handling material, non-public information by Australian financial services (AFS) licensees that provide sell-side research. Sell-side research is general financial advice prepared and distributed by a financial institution to investors to help them make decisions about financial products. The…
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This will be a week which many in the FX industry won't soon forget, in part because of what didn't happen. After several months of debate and a few more months of waiting, the FCA decided to delay its implementation of new rules governing the leveraged Forex and CFDs sector until at least early 2018. We…
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GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that June trading volumes in its system decreased from May, on both a total and average daily trading volume basis. GTX saw total trading volumes of $270.1 billion in June, or $12.3 billion ADV, versus $306.5 billion total /…
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The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, This week, my article will review the Fintech Expo Money20/20, which Admiral Markets joined in Copenhagen this week – 26-28 June 2017. Fintech, Regtech, Blockchain & Bitcoin, payment solutions, mobile developments, and much more – there’s a…
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Beginning our peek into June 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Hotspot FX indicates that June trading volumes decreased slightly by just under 1% MoM from May, clocking in at $27.9 billion average daily volume for the month. Activity did seem to be stronger in the second half of…
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Leading off our reports of FX trading volumes for June by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 12% drop in activity from May volumes. FX trading volumes averaged $19.7 billion daily at FastMatch in June, down from a record $22.5 billion in May. FastMatch's figures portend a fairly slow…
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The U.S. Securities and Exchange Commission today filed fraud charges against the clandestine founder of a purported Bitcoin platform and a chain of co-working spaces located in former bars and restaurants, alleging that he bilked investors in both companies while hiding his connection given his checkered past with regulators in the U.K. The SEC alleges…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Right Choice Insurance Brokers. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…
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