The following guest post is courtesy of Shoaib Abedi, Director and co-founder of online trading services provider ICM Capital. ICM Capital is a UK headquartered company licensed and regulated by the Financial Conduct Authority (FCA) in London, with six offices spread around the world. [divide] Uncertainty is the most important word that market participants can’t get out…
Read moreContinuing our reporting on record FX trading volumes seen at institutional eFX platforms on Friday after the Brexit vote sent the currency markets is a tizzy, Gain Capital Holdings Inc (NYSE:GCAP) has reported that GTX, its institutional foreign exchange trading arm, set a record trading volume of $24.2 billion (single count) on Friday June 24, 2016.…
Read moreHong Kong exchange operator HKEX has announced that it is revising the criteria for its designated securities eligible for short selling to reflect the development of Hong Kong's equity market. The revisions are the result of a periodic review under a framework introduced in 2012. Changes to criteria for designated securities eligible for short selling will…
Read moreThe following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. [divide] FXPRIMUS Indicators and events for the week beginning 27 June: Final PMIs, EU CPI, Japan Tankan, Australia election There’s a pretty full schedule of indicators out this week, but I wonder if any of them will matter? I…
Read moreGeneva based retail forex broker Dukascopy Bank has announced that it is removing leverage restrictions instituted last week, and returning trading to normal conditions. However Dukascopy is maintaining position limits on certain GBP and EUR based indices. Dukascopy issued the following notice today: [divide] Special Brexit Leverage restrictions are lifted Dukascopy Group is pleased to announce…
Read moreAs we continue our coverage of the changes to trading conditions among Retail Forex and CFD brokers in the post Brexit vote environment, LeapRate has learned that FCA regulated Hantec Markets has re-hiked max leverage levels back up to 25:1 (or 4% margin requirement). Hantec - which normally allows leverage of between 100x and 200x for its…
Read moreLeapRate Exclusive... LeapRate has learned that Antonio Ferrante (pictured at left) has stepped down as CEO of Saxo Bank (Schweiz) AG, the Swiss arm of global retail forex broker Saxo Bank, amid some other management moves at Saxo Switzerland. Mr. Ferrante was originally appointed to head Saxo Bank's operation in Switzerland in late 2014. Dr. Patrick Hunger, current Head…
Read moreCommodities and Forex broker INTL FCStone Inc (NASDAQ:INTL) has announced that it has signed a definitive agreement with Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp (NYSE:SF), to acquire Sterne Agee's correspondent securities clearing business and the independent wealth management business. The transaction will involve the purchase of three broker dealer entities and two…
Read moreASIC regulated retail forex broker Vantage FX has announced that it will keep in place the higher margin requirements it put place in several steps leading up to last week's UK Brexit referendum. However Vantage FX did remove the Close-Only trading status it assigned to several GBP and EUR currency pairs soon before the vote…
Read moreIt will be a long time before we better understand the implications of the #VoteLeave victory in last week's UK Brexit referendum. Indeed it will be a while - perhaps even months or years - before we really find out what the new relationship will be between the UK and the rest of Europe. And what…
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