Continuing a trend of strong June FX trading volumes worldwide, propelled in part by action around Brexit, Moscow Exchange has reported that FX turnover rose 16% MoM in June. Overall volumes on Moscow Exchange were up 21% in June to RUB 70.2 trillion, from RUB 58.1 trillion in May. The Money Market and Derivatives Market…
Read moreSilver has jumped 47% this year, hitting a new record high last Tuesday, vaulting as much as 7% above $21 for the first time since 2014. Gold increased with 1.2% to $1,357.63 an ounce – assets in gold ETFs are at their highest level now for more than 2 years. According to Bob Takai, president…
Read moreBroker automation is a very hot topic now in the forex world. It is about a lot more than cutting out (personnel) costs. Done right, automation is about making processes more productive - especially essential ones such as sales. Yael Warman, Content Manager at Leverate, takes an interesting look at how marketing automation can make…
Read moreThe shekel continued to strengthen for a fifth straight session and there's a dealers' rumor that The Bank of Israel bought hundreds of millions of dollars of foreign currency on Monday. One dealer at an Israeli bank said the central bank started buying at a dollar-shekel rate of around 3.84. The dollar-shekel exchange rate rapidly moved…
Read moreHong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read moreMarkets 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…
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