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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ASIC announced that has extended Class Order [CO 12/749] Relief from the Shorter PDS regime for one year. The class order relief was due to expire on 30 June 2017. The class order provides interim relief, until 30 June 2018, to exclude multifunds, superannuation platforms and hedge funds from the disclosure requirements of the shorter…
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LeapRate Exclusive... Further to our exclusive report earlier in the week that longtime CMC Markets Plc (LON:CMCX) shareholder, New York based investment bank Goldman Sachs Group Inc (NYSE:GS), had decided to sell down its stake in CMC Markets, LeapRate has learned that Goldman has indeed continued to sell, now down to below the 3% reporting threshold…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Prolinet Ventures Limited. Prolinet Ventures Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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LeapRate Exclusive... LeapRate has learned that Abu Dhabi based international financial services firm ADS Securities has made some more changes to its institutional FX organization. Lousia Kwok, who joined ADS Securities from Paribas just over a year ago to act as Head of Prime Brokerage Sales and Product has left the company. Her role has been…
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