The Tokyo Financial Exchange (TFX) has published its operating metrics for July 2016 and the Forex volumes keep dropping despite last month’s rise. The trading volume of 3-month Euroyen futures was 167,816, which means -19% MoM or 52.5% YoY change. Its average daily volume for July 2016 was 8,391. The total trading volume of Exchange FX…
Read moreGTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that July FX volumes decreased by 13% MoM from June levels, coming in at $10.5 billion ADV. In the 'big picture', however, July was still a fairly good month at GTX - remember that June's volumes were up 24% MoM…
Read moreLooks like June's Brexit-driven volatility and record FX trading volumes didn't fully spill over into July. As we begin to review the July FX trading volumes at leading retail and institutional eFX platforms, FastMatch is reporting that volumes in its system fell 21% MoM from June (a record month for FastMatch) to average $12.9 billion ADV for the…
Read moreForex Industry News at LeapRate this week was a very mixed bag of regulatory, corporate, and even legal news. Once again LeapRate broke the most popular story of the week in the FX world, uncovering the arrest of a senior employee at a Limassol-based retail forex broker for trying to sell client information to a…
Read moreTullett Prebon, one of the world’s leading interdealer brokers announced that it has entered into an agreement to acquire Creditex’s US hybrid voice broking business from Intercontinental Exchange Inc (NYSE: ICE). The market-leading team of 14 brokers, located in New York, provides clients with hybrid voice broking and trading services for credit derivatives. The brokers…
Read moreThe Taiwan Futures Exchange (TAIFEX) today announced it has obtained Commission Certification for its TOPIX Futures contract from the United States Commodity Futures Trading Commission (CFTC) on July 26, 2016. The TAIFEX TOPIX Futures contract can now be offered and sold to U.S. persons. The granting of Commission Certification will strengthen TAIFEX’ global offerings by…
Read moreRussian retail Forex broker Alpari (RU) has informed that the maximum leverage for pro.ecn.mt4 and pamm.pro.ecn.mt4 accounts will be set to 1:500 and the margin requirements for pamm.standard.mt4 and pamm.ecn.mt4 accounts will change from August 1, 2016. Traders can learn how the calculation of floating leverage takes place on the Alpari website.
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm Kaufman Franz Wealth Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part of…
Read moreMasterCard's chief executive Ajaypal Singh Banga has been presenting the company's second quarter results and meanwhile shared Wall Street analysts that the two respective giants of the offline and online payments markets were exploring a possible link-up that would ease some of the competitive tension that has built up between the two as PayPal continues to build…
Read moreOTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced that Canada's largest domestic and international airline, Air Canada (TSX: AC; OTCQX: ACDVF), has qualified to trade on the OTCQX® Best Market. Air Canada begins trading today on OTCQX under the symbol ACDVF. More information on disclosure and…
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