May 11, 2016 BY Mike Fox

U.S. Forex brokers report 2nd lowest asset total; OANDA closes in on top spots

March data from just released CFTC reports filed May 2nd revealed that in total Forex brokers within the United States for March remained above the $500 million handle at $510,714,141 from the $518,945,514 reported in February, for a 1.6% dip. Though showing setback MoM, the lowest asset total on record occurred a few months ago when $499,339,084 was reported in January. (see graphs…

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May 11, 2016 BY Mike Fox

Bloomberg confirms its Forex benchmarks comply with IOSCO principles

Bloomberg announced today the successful completion of an independent assessment confirming the alignment of the BFIX family of benchmarks with the International Organization of Securities Commissions’  (IOSCO) principles for financial benchmarks. The assessment was conducted by Ernst & Young LLP (EY). The BFIX family of benchmarks covers spot, forward and non-deliverable forward rates for a…

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May 11, 2016 BY Mike Fox

Sucden Financial promotes Michael Davies to Head of eFX Sales EMEA

International derivatives broker Sucden Financial today announced that Michael Davies has been promoted to Head of eFX Sales EMEA following a period of significant growth at the London-based prime of prime brokerage. Davies joined Sucden Financial as an analyst over a decade ago back in 2004 before moving into its eFX business in 2011. He…

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May 11, 2016 BY LeapRate Staff

Kraken adds Ether dark pool trading

Bitcoin and digital exchange operator Kraken has announced that it became the first and only exchange to offer clients Ether (ETH) Dark Pool trading. The Ether Dark Pool allows clients to discreetly place large ether orders without exposing their intentions to the public, lit order book. The introduction of Kraken’s Ether Dark Pool comes in…

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May 11, 2016 BY LeapRate Staff

FXSpotStream starts reporting volumes: $18 billion ADV in April

Multibank FX aggregation service FXSpotStream might have surprised some folks today when they - for the first time - announced the FX trading volumes supported on their system, as well as the size of those volumes. First off, the data. FXSpotStream reported that April volumes on its system averaged $18 billion (single count) daily, 2%…

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May 11, 2016 BY Maria Nikolova

Israeli court appoints temporary liquidator for Spondoolies

Less than three months after Israel’s Office of Chief Scientist (OCS) approved the proposed merger of blockchain technology focused group BTCS Inc (OTCMKTS:BTCS) and Spondoolies-Tech Ltd, the Israeli transaction verification server manufacturer ceased operations. On May 4, 2016, a hearing was held in the district court in Beersheva, Israel during which certain parties sought appointment of…

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