Australia 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…
Read moreThe Brexit surprises are still coming. And there are likely more in store in the days and weeks ahead. Since the initial drop of the GBPUSD last Friday from the high 1.40's to about 1.32 right after word of the Leave side referendum victory broke, the GBP has been slowly recovering - as have the…
Read moreInternational derivatives broker Sucden Financial today announced that Lucy Wainman (pictured at left) has been appointed Head of Sales (China), following the recent departure of Jeremy Goldwyn. Wainman has been with Sucden Financial since 2006, having previously started her commodity career at LME ring dealing member AMT in 2002. In her new role, Wainman will…
Read moreASIC regulated retail forex broker Vantage FX has announced that it is now easing trading restrictions back to normal conditions across a range of Forex currency pairs and Indices markets. Vantage FX took a very conservative approach to Brexit for it and its clients, raising margin requirements and also initiating Close-Only status for a number of…
Read moreBelize financial regulator the International Financial Services Commission of Belize (IFSC) has issued a warning against binary options broker YieldOptions, owned and operated by HSBO Capital Ltd. According to the IFSC, YieldOptions is fraudulently claiming to hold a license for trading in financial and commodity-based derivative instruments and other securities, issued by the Samoa International Financial Authority. The Licence…
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