June 01, 2016 BY Mike Fox

SEC ban fallout: Phillip Capital halts US Retail Forex offering

LeapRate Exclusive... LeapRate has learned that Phillip Capital Inc. (PCI), the Chicago-based member of the PhillipCapital Group of Companies (PhillipCapital Group), will cease to offer retail forex trading to customers beginning immediately, i.e. June 1, 2016. This news comes in response to a Securities and Exchange Commission (SEC) release from May 20, 2016 as reported exclusively…

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June 01, 2016 BY Mike Fox

Darwinex ups the ante by allocating €1,000,000 for DarwinIA challenge

It's a new month with new opportunities and today FCA (UK) regulated FX strategy asset manager and STP broker Darwinex announced they have upgraded its DarwinIA challenge. DarwinIA is a monthly trading challenge that awards the most consistent traders on Darwinex. Starting in June, the firm will be allocating €1,000,000 to the most consistent DARWINS every month, this is a bump from…

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June 01, 2016 BY LeapRate Staff

Leverate's Forex platform gets Push SMS, Social Trading and Stop Loss upgrades

Forex platform provider Leverate has announced the release of its newest features including several updates to its platforms and systems, focusing mainly on mobile traders. As part of Leverate’s commitment to improving brokerages’ acquisition, conversion and retention rates through improved funnels and better communication with traders, the tech provider is implementing the use of deep links…

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June 01, 2016 BY LeapRate Staff

Monex Group concludes $8.3 million share buyback

Japanese online trading broker Monex Group, Inc. (TYO:8698) has announced that it has successfully concluded a one month share buyback, acquiring 3,239,100 of its own shares in the open market for a total of ¥914.7 million (or about USD $8.3 million) during May. The shares acquired represent about 1.14% of outstanding Monex Group shares. Monex Group did a…

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June 01, 2016 BY LeapRate Staff

BlackRock takes 4.7% stake in electronic markets operator ICAP plc

LeapRate has learned via filings made to the London Stock Exchange that investment giant BlackRock, Inc. (NYSE:BLK) has taken a 4.74% stake in interdealer broker and electronic markets operator ICAP plc (LON:IAP). BlackRock now holds 30.93 million ICAP shares, worth at today's prices £133.6 million (USD $194 million). With $4.6 trillion in assets under management, BlackRock is…

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June 01, 2016 BY LeapRate Staff

TFX Click 365 FX trading volumes in Japan down 5% in May

The Tokyo Financial Exchange (TFX) has published its operating metrics for May 2016, with Forex volumes continuing to fall after already registering decreases in both April and March. TFX’s Click 365 total trading volumes, that is, the volume of Exchange FX Margin contracts, fell 4.8% from April 2016 levels to 3,010,274 contracts. The annual comparison, however, was…

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June 01, 2016 BY LeapRate Staff

FastMatch May FX trading volumes rise 5% to $11.4 billion ADV

Going against the trend we have seen so far for May, institutional electronic FX platform FastMatch has reported an up month with FX trading volumes hitting $11.4 billion daily in May, up 5% from April. Other results we have seen so far from Hotspot FX and Gain Capital's GTX division indicate a slowdown in institutional…

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June 01, 2016 BY LeapRate Staff

Gain Capital's GTX reports May volumes down 12%

GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that May volumes decreased by 12% from April, and were down by 1% from last year May. ECN and SEF trading saw volumes average $6.9 billion daily during May. Note that the registered swap dealer is an agency voice…

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