ASIC regulated Retail Forex broker IC Markets has reported on its corporate blog that it saw record trading volumes of USD $188 billion for the month of November, including $16.5 billion on the day of the US election, November 8. The company reported that the main driver for the record volumes was strong domestic growth and…
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Continuing what we believe will be a series of fairly strong November trading volume reports - driven by post US election volatility - at both retail and institutional Forex platforms, Forex ECN FastMatch is reporting that volumes in its system rose by 26% MoM from October, to average $17.1 billion ADV for the month. November was FastMatch’s best ever…
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It looks like we're about to see a very good month reported for Forex trading volumes. As we head into December, our first peek at November FX trading volumes for leading retail and institutional eFX platforms comes from Bats Global Markets Inc (BATS:BATS) unit Hotspot FX. Hotspot FX volumes rose more than 20% MoM, to average…
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A new institutional Forex trading platform is on the way for the 3rd largest currency trading market behind London and New York. Singapore-based start-up company Spark Systems as reported first by the Straight Times is building a new trading platform to make FX trading in Singapore more cost effective and faster for investors. It was…
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Match-Trade Technologies, a Forex technology provider headquartered in Irvine, California, today announced the launch of a new service for forex brokers known as the Match-Trade (M-TT) Ultra-Fast Data Feed. The new service is a real-time tick by tick FX and CFD data which comprises of real; executable prices aggregated from real market participants, delivered directly…
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The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm will pay approximately $780,000 in restitution for inadequately supervising its customers’ use of leverage in their Merrill brokerage accounts. Merrill “loan management accounts” (LMAs) are lines of credit that allow the…
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The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Virginia Kendall of the U.S. District Court for the Northern District of Illinois entered an Order of default judgment and permanent injunction against Defendants Alvin Guy Wilkinson of San Juan, Puerto Rico, and his entities, Chicago Index Partners, L.P. (CIP) and Wilkinson Financial Opportunity Fund,…
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It looks like Goldman Sachs Group Inc (NYSE:GS) may be looking for a new 'Robin', to Lloyd Blankfein's 'Batman'. And, it may need to rethink its succession plans. Goldman Sachs #2 executive, COO Gary Cohn, has been reported by Dow Jones as considering leaving the firm. Mr. Cohn has been rumored to be in the…
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The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an order granting CME Clearing Europe Limited (CMECE) registration as a derivatives clearing organization (DCO) under the Commodity Exchange Act (CEA). Under the order, CMECE will be authorized to provide clearing services for U.S. clearing members as well as their customers under…
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Here we go again with European geopolitical risk...roughly 6 months after the surprising "Brexit" vote, Italians are ready to make their voices heard regarding their politics. As such, brokerages are beginning to adjust trading conditions for the event. EU and FCA regulated broker Admiral Markets announced margin requirement updates as market uncertainty is increasing around…
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