Retail forex broker FXCM Inc (NYSE:FXCM) has announced key customer trading metrics for March 2016 for both its retail and institutional foreign exchange business. Not surprisingly, retail volumes in March were down at FXCM (by 6%), in line with what we have seen at most other leading brokers. However institutional volumes popped more than 50%…
Read morePragma Securities, a leading provider of high performance algorithmic trading tools, has launched Pragma SmartFix, a new execution algorithm designed to improve average execution performance against the daily 4pm WM/Reuters foreign exchange benchmark fixing. The algorithm is based on patterns detailed in a research paper released by Pragma today. Following recommendations from regulators in the…
Read moreAdvanced Markets LLC, the leading institutional liquidity provider and prime of prime, and Fortex Inc., the pace-setting FX technology company, have today announced the appointment of Bjorn Enqvist to the role of Managing Director. Bjorn will be responsible for driving business growth in Europe and worldwide through his vast expertise and institutional insight. Bjorn joins…
Read moreZ.com Trade, a subsidiary of GMO Click Holdings Inc (TYO:7177), today announces two new additions to its CFD offering. Traders using the MT4 platform with Z.com Trade can now make use of contracts for difference on two very popular stock indices: UK100 (FTSE 100) and GER30 (DAX 30). In order to view the new products,…
Read moreSince the launch of Protrader Multi-Connect (PTMC) in January this year, the solution has already been significantly developed, with the latest step in this direction announced today. AlgoStudio, a powerful and much-needed functionality for algo traders, has become available to users of PTMC. Thanks to this tool, traders will be able to adapt the PTMC to…
Read moreLess than three months after its launch, Tradimo's Little Traders app for iOS devices already boasts 5,000 players making use of this entertaining and useful solution. Tradimo released an updated version of the application today, adding German and Arabic languages to the English version of the program. Thus, more traders can dive into the world…
Read moreInternational operator of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) today announced a new addition to the list of participants in the ICE Benchmark Administration (IBA) gold auction. IBA has approved the Industrial and Commercial Bank of China (ICBC) to participate in the gold auction, which is used to determine the LBMA Gold Price,…
Read moreMarch was a robust month for derivatives trading at the Stock Exchange of Thailand (SET) – this is suggested by the Market Report the Exchange has just published. SET said the derivatives trading volumes averaged 261,629 contracts per day in March 2016, up 36.36% from the reading of 191,873 contracts a day registered in February…
Read morePerhaps many of LeapRate's devoted readers remember how FXCM Inc (NYSE:FXCM) made a “bear hug” offer to acquire GAIN Capital Holdings, Inc. (NYSE: GCAP) back in April 2013. GAIN responded by announcing a “poison pill” defense – a stockholder rights plan aiming to defend the company against hostile takeovers... GAIN Capital made an announcement earlier today,…
Read moreOnline trading services provider Gain Capital Holdings Inc (NYSE:GCAP) has just published its key operating metrics for March 2016, which saw retail and institutional trading volumes decline, continuing a trend already exhibited in February 2016. The drop is barely surprising given that most of the FX trading services providers have thus far posted month-on-month decreases…
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