Forex Industry News this week at LeapRate was dominated by three main themes: Brexit, Brexit and Brexit. It was a week which will reshape not just the political landscape in Europe, but the financial markets as well, with the FX sector at the head of the pack. We're pleased to report that some of our unique coverage…
Read moreThis article was written by Richard Perona, VP of Institutional FX at Advanced Markets. Major market events are generally accompanied by periods of massive uncertainty, volatility and downright fear. It doesn’t matter whether these events are expected, like the Brexit vote, or unexpected like the SNB move last year, the outcome is the same. Many…
Read moreIsrael based Blockchain startup Colu has announced that it has raised $9.6 million from venture capital investors Aleph (headed by former Benchmark partner Michael Eisenberg), Spark Capital, and Digital Currency Group, as well as former Thomson Reuters CEO Tom Glocer. The current financing round brings the amount raised by the company to over $12 million. Colu is…
Read moreOnline trading firm CMC Markets has issued a statement in the wake of today's post-Brexit vote market volatility. The statement reads as follows: CMC Markets Plc Statement on market volatility as a result of the EU referendum CMC Markets plc ("CMC" or "the Company") can confirm that despite the extreme volatility in the financial markets…
Read moreeFX trading technology solutions provider TradAir has issued a statement, indicating that the TradAir eFX platform performed well over Brexit volatility with overall fill ratios remaining high. TradAir’s platform is used by regional and local banks and brokers, to provide internal traders with aggregated views of executable liquidity against which they trade and manage their risk. The…
Read moreTier1FX, a leading Malta Financial Services Authority regulated broker confirms that its strict risk controls, advanced technology and preventive measures, taken well in advance, ensured that both clients’ and company’s assets were well protected and prepared to successfully meet any market challenges resulting from the EU referendum event of undoubted historical significance. The broker would…
Read moreCySEC regulated retail forex broker CFI Markets has issued a note to clients, indicating that it plans to maintaining margin requirements through the weekend post Brexit vote. The company also warned traders that it expects spreads to be wider than normal, given the extreme volatility and uncertainty in the markets. The note sent by CFI Markets…
Read moreOnline trading firm IG Group Holdings plc (LON:IGG), the largest of the UK-based online financial spreadbetting firms, has issued a statement on its operations over the past day since news broke of the Leave side victory in the UK Brexit referendum. IG reported that it managed its operations and exposure very effectively through the night and into today,…
Read moreRetail forex broker FXCM Inc (NYSE:FXCM) issued a note today that it was business as usual during the post Brexit vote market volatility today, although it plans to keep margin requirements high until markets settle down. Assuming that's it for FXCM, the company got through today's price shocks in the currency markets in a much more…
Read moreRetail forex broker FxPro has issued a note to clients in the aftermath of today's post-Brexit market volatility, that it has disabled Close Only trading status on Spot/Future Indices, Shares CFD trading, and on all RUB pairs. While FxPro had left leverage levels on most instruments at near-normal levels leading up to yesterday's Brexit vote, it…
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