CME Group FX volumes soar 42% in June 2016 as Brexit drives GBP trading 65% LeapRate

July 05, 2016 BY LeapRate Staff

CME Group FX volumes soar 42% in June 2016 as Brexit drives GBP trading 65%

International derivatives marketplace CME Group Inc (NASDAQ:CME) has reported spectacular June trading volumes, as we've seen so far at other institutional trading venues, driven largely by Brexit induced volatility. Foreign exchange volumes averaged 1.02 million contracts per day in June 2016, up 3% YoY from June 2015 but 42% MoM above May. Highlights for June…

July 05, 2016 BY Valentina Kirilova

Saxo Bank June FX volumes of $261 billion highest since early 2015

Leading retail forex broker Saxo Bank has issued its June FX volumes results, which made its highest peak of $261 billion since early 2015. Saxo Bank’s daily average is seen to be $11.9 billion this month – just a bit higher than last month’s $11.6 billion. Compared to last year’s results for the same period, the…

July 05, 2016 BY Valentina Kirilova

Colt Prizmnet expands in APAC connecting to Equinix Hong Kong (HK1) and Singapore (SG1)

Colt PrizmNet, the financial extranet developed by Colt, has continued to grow its footprint in Asia by connecting to Equinix’s International Business Exchange (IBX) data centres in Hong Kong (HK1) and Singapore (SG1). Colt can now interconnect with key FX centres, both globally and across Asia, including direct connectivity to Equinix’s TY3 data centre in Tokyo, the largest FX trading facility in Asia, as well as Sydney…

July 05, 2016 BY LeapRate Staff

GMO Click June FX volumes back up above $1 trillion

Continuing a significant up trend we’ve seen across the Forex trading universe in June thanks in large part to Brexit, Japanese online brokerage leader GMO Click Securities, a subsidiary of GMO Click Holdings Inc (TYO:7177), has just published its key operating metrics for June 2016, with volumes nicely rising from May levels. Both OTC and on-exchange…

July 05, 2016 BY Valentina Kirilova

MetaQuotes officially launches MT5 web platform adding depth of market feature

MetaQuotes has been making a concerted push recently to get both brokers and traders to upgrade from MT4 to MT5, adding hedging features and more languages to MT5. Today, the company announced the release of the web version of the multi-asset MetaTrader 5 platrform. It allows trading Forex and exchanges from any browser and operating system.…

July 05, 2016 BY LeapRate Staff

GBP sets new post Brexit low with 1.31 handle

After a brief recovery last week which ended with Boris Johnson's withdrawal from the race to replace David Cameron as British Prime Minister, the British Pound continued downward on Tuesday setting post-Brexit lows in the 1.31 range (as at time of writing the GBPUSD Cable trade was at 1.3170). What is going on? Saxo Bank’s Head…

July 05, 2016 BY Valentina Kirilova

Monex Group sees healthy 7% MoM rise in June DARTs

Online trading services provider Monex Group, Inc. (TYO:8698) has just published its key operating metrics for June 2016, with the broker no longer reporting global Forex volumes following the transfer of OTC FX accounts offered by the FX companies of TradeStation Group to OANDA Corporation and OANDA Australia Pty Ltd in March. Monex’s FX volumes now comprise only the OTC FX…

July 05, 2016 BY LeapRate Staff

SafeCharge sees JP Morgan sell more than half its stake as shares slide to 52 week low

LeapRate Exclusive... Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has indicated in regulatory filings that global bank JPMorgan Chase & Co. (NYSE:JPM) has reduced its stake in the company to 3.69%. JPMorgan had taken a 7.43% stake in SafeCharge late last year. It looks like JPMorgan will take a loss on the shares…

July 05, 2016 BY Valentina Kirilova

FlexTrade expands Australia presence with new Sydney rep office

FlexTrade Systems, the industry pioneer in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives, has announced that it has opened a representative office in Sydney, Australia. FlexTrade has been building its presence in the APAC region with senior sales hires. With the proposed increases in superannuation contributions there will be an increase in…

July 05, 2016 BY LeapRate Staff

TechFinancials reports strong First Half 2016, B2B binary options platform Revenues up 30%

Binary platform provider and operator TechFinancials Inc (LON:TECH) has issued a statement indicating that its 2016 first half results should be in line with expectations. TechFinancials released a formal statement which will be delivered tomorrow at the company's annual general meeting, with highlights including: the company's 'B2B' platform business saw Revenues grow 30% YoY TechFinancials…