Markets eventually get it right. Even if it takes a while. In one of our initial post-Brexit analysis articles, we opined that one of the big winners from the Leave victory in the UK Brexit referendum was the online trading sector, and specifically the CFD broker. Like everyone else out there we have no idea…
Read moreForex Industry News this week was again headlined by several stories seen exclusively on LeapRate. While the FX world was still busy trying to sort out the Brexit referendum result, we broke news of the latest FCA-regulated retail FX brokerage to launch, new rules on CySEC-regulated brokers' choice of liquidity provider and market maker relationships, and…
Read moreMultibank FX aggregation service FXSpotStream has reported that June was its busiest month ever, as the company recorded an all-time service record for FX volume supported in any one month at $456 billion. The prior overall record was $441 billion, set in February. On an average daily volumes basis, June's $20.8 billion ADV was up 29%…
Read moreThe Tokyo Financial Exchange (TFX) has published its operating metrics for June 2016, with Forex volumes rising dramatically after seeing three consecutive decreases in March through May. TFX’s Click 365 total trading volumes, that is, the volume of Exchange FX Margin contracts, rose a whopping 56.2% MoM from May 2016 levels to 4,702,661 contracts. The annual comparison…
Read moreAustralia financial regulator ASIC has announced that as a result of its intervention, licensed Retail Retail Forex and CFDs broker XTrade.au Pty Ltd will implement changes to the way it handles client money. The Australian arm XTrade.au is part of the global XTrade brand which also has licensed operations in Cyprus and Belize, and which recently…
Read moreThe following guest post is courtesy of John Cameron, Currency Analyst and Senior Dealer at TorFX. TorFX is licensed as a money transmitter by HM Revenue & Customs, and is authorised by the Financial Conduct Authority. [divide] As the last voters made their way to polling stations across the UK last Thursday night, futures markets were pricing…
Read moreLooks like it will be a June to remember for eFX trading platforms. The latest institutional FX platform to report great June numbers is FastMatch, which saw volumes rise 44% MoM over May to average $16.3 billion for the month. FastMatch's previous best month was November 2014 at $12.2 billion. June volumes at FastMatch were…
Read moreContinuing a parade of what we believe will be very healthy trading volume reports for June by both retail and institutional FX platforms, the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS) has reported that volumes averaged $28.8 billion per day in June - up 23% over May. (Although we'd note that May was a…
Read moreGTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that June FX volumes increased by 24% MoM from May levels, thanks in part to the Brexit-driven volatility in the last week of June. GTX saw record FX volumes of $24 billion on 'Brexit Friday'. ECN and SEF trading at…
Read moreGlobal exchanges operator Bats Global Markets, Inc. (BATS:BATS) has announced that it has successfully completed the refinancing of the company’s outstanding $656 million of term loans and $100 million revolving credit facility, with $650 million of new seven-year term loans and a new $100 million three-yearrevolving credit facility. As part of the refinancing, Bats will record a pretax charge…
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