GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that March trading volumes in its system increased nicely from what was a fairly quiet February. 2017 started off extremely strong at GTX, with record ECN / SEF volumes of $12.1 billion ADV in January. However trading activity cooled…
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The Financial Conduct Authority (FCA) proposed new rules to help customers who are in persistent credit card debt. This follows the FCA’s study of the UK credit card market, which found significant concerns about the scale, extent and nature of problem credit card debt. Under the FCA’s definition, credit card customers are in persistent debt…
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It was another very busy and exciting week of Forex Industry News, with all the key stories appearing first or exclusively at LeapRate. Forex and Binary Options brokers suspended in Cyprus and the UK, key executive moves, new law passed (in Australia) for handling retail client money, results from key brokers - this past week…
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Forex ECN FastMatch is reporting that volumes in its system increased during March by 16% MoM, to average $19.2 billion ADV for the month. That makes March 2017 FastMatch's best ever month for trading volumes, handily topping the company's previous best of $17.1 billion ADV set in November 2016. FastMatch's good results come at…
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Institutional Forex ECN Hotspot FX has reported that March trading volumes increased by 10% MoM over February, clocking in at $29.7 billion average daily volume for the month. That also makes March Hotspot's second-best volumes month over the past year-plus, behind only November 2016's $30.4 billion, which was driven by high market volatility around the…
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Cyprus financial regulator CySEC has announced late Friday that it has suspended the licenses of four CIF-licensed brokerage groups. CySEC has suspended the licenses of: Leadtrade Ltd, which operates the TopOption, Prestige Option, Excellence Option and Platinium Option binary options brokerage brands, TTCM Traders Trust Capital Markets Ltd, which operates TradersTrust, Gametech (Cyprus) Ltd, which…
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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 G R Ranking Limited / Paydayloan. G R Ranking Limited / Paydayloan is not authorised by the FCA but has been targeting people in the UK…
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The European Securities and Markets Authority (ESMA) has issued today regulatory technical standards (RTS) specifying the scope of the consolidated tape for bonds, structured finance products, emission allowances and derivatives. The Markets in Financial Instruments Directive (MiFID II) introduces the concept of consolidated tape providers (CTPs). CTPs will collect post-trade information published by trading venues…
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The Financial Conduct Authority (FCA) has today published near final rules on the implementation of the Markets in Financial Instruments Directive (MiFID) II. These include changes to the trading of financial instruments including issues affecting trading venues, transparency of trading and algorithmic and high frequency trading. The FCA is also providing an update on the…
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The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients, such as binary options and rolling…
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