The plan for interdealer broker ICAP to sell its hybrid voice broking and information business to Tullett Prebon might be in trouble, or at best further delayed. ICAP announced Tuesday the the UK's competition watchdog, the Competition and Markets Authority (CMA), which had begun looking at the transaction in early April still had not made up…
Read moreETF physically tracks bonds with differing durations issued by the Republic of Turkey.
Read moreConsidering the fairly down figures we've witnessed so far for both retail and institutional FX platforms in May, Copenhagen-based Saxo Bank's figure of $255 billion for the month seems fairly strong. On an ADV basis, volumes were down 3.2% from $12.4 billion per day in April at Saxo Bank to $11.6 billion in May. The…
Read moreFX Junction, the largest open social network for Forex traders announced it has released several new trader analytics indicators. FX Junction now offers six new analytics to measure trader’s performance. Effective immediately, FX Junction members with a linked MT4 account can analyze their own performance as well as other trader’s performance with the following new powerful indicators: Relative Drawdown, Maximum Drawdown, Sharpe…
Read moreFor those who frequently follow LeapRate you'll certainly have noticed a trend of forex brokers from around the world establishing beachheads in the UK and getting licensing from the FCA. The reasons vary from trying to take a piece of the very lucrative UK online trading market - still the world's #1 retail trading market as far…
Read moreTradingScreen Inc., the leading independent provider of liquidity, trading and investment technology via SaaS, and Quantitative Brokers (QB), a leading provider of clearer and dealer-neutral agency algorithms for fixed income and futures markets, have partnered to provide QB’s best execution algorithms through the TradingScreen electronic trading platform. This suite includes the Bolt and Strobe algorithms…
Read moreThomson Reuters Corp (NYSE:TRI) has published their Forex volume metrics for May 2016, with spot FX volumes continuing to slide after a hot start to the year, where China and oil risk led trading volumes higher. Spot FX volumes averaged $94 billion a day in May 2016, down 3% from the result of $97 billion reported in April 2016. The…
Read moreEBS Market, the anonymous central limit order book from ICAP (LON: IAP) today reported volumes for May 2016 coming in $72.6bln, down 11.8% from April's $82.3bln. Volumes were also down YoY from May 2015's $95.9bln, good for a 24.2% decline. Most of the industry as reported here on LeapRate had a lackluster May in terms…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action charging Haena Park and her companies operating under various names including Phaetra Capital GP LLC, Argenta Capital GP LLC, Phaetra Capital Management LP, Argenta Capital LLC, and Argenta Group LLC with fraudulently operating a commodity pool and misappropriation of pool…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad signed a Memorandum of Understanding (MOU) with the European Securities and Markets Authority (ESMA) regarding cooperation with respect to derivatives clearing organizations (DCOs) established in the United States that have applied or that may apply to ESMA for recognition as central…
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