FXCM reports down 2015 4th qtr results; while February retail volumes fall 7% but institutional sees a boost LeapRate

March 10, 2016 BY Mike Fox

FXCM reports down 2015 4th qtr results; while February retail volumes fall 7% but institutional sees a boost

FXCM Inc. (NYSE:FXCM), a leading global provider of Forex trading services today announced for the quarter ended December 31, 2015, U.S. GAAP trading revenue from continuing operations of $65.4 million, compared to $93.5 million for the quarter ended December 31, 2014. U.S. GAAP net loss attributable to FXCM Inc. from continuing operations was $85.7 million for the quarter ended…

March 10, 2016 BY Maria Nikolova

Dukascopy adds single stock CFDs to offering

Swiss online trading services provider Dukascopy today announces an expansion to its CFD offering via the addition of CFDs on single stocks. Currently, the new product is available to clients of Dukascopy Bank and Dukascopy Europe in demo mode for self-trading accounts, with live trading set to be available soon. The start is made with…

March 10, 2016 BY LeapRate Staff

The ECB plays its last card and will force the SNB to react

The following commentary on the monetary policy decision by the European Central Bank is courtesy of Laurent Bakhtiari, Market Analyst at IG Switzerland. [divide] As suggested in our previous comment, the ECB decreased its main refinancing rate to 0.00%. However, the ECB did not decide to act solely on this rate, it also cut the…

March 10, 2016 BY LeapRate Staff

FXCM drops ATC Brokers as an IB - LeapRate Exclusive

LeapRate Exclusive... Continuing our exclusive coverage of the Chapter 11 filing of NFA-regulated FX introducing broker ATC Brokers US and its parent company Avail Trading Corp., LeapRate has learned that FXCM has now dropped ATC as a referring broker, effective March 18. FXCM sent out emails on Tuesday (see a copy below) to all clients which…

March 10, 2016 BY Maria Nikolova

Chris Adams to re-join Sucden Financial

International derivatives broker Sucden Financial Limited today announces that Chris Adams will re-join the company in April. Mr Adams will assume strategic responsibility for the LME Ring Dealing Team, which will still be managed by Geoff Ison and Danny Messinger. Mr Adams, who at present works at Levmet in Monaco, is returning to London. He…

March 10, 2016 BY LeapRate Staff

China-focused FX broker C7 launches using Leverate's LXSuite platform

Forex and Binary Options platform provider Leverate has announced a new client relationship with C7, a new generation broker focused on China and South East Asia, which will Leverate's feature social trading and mobile platform capabilities. With Leverate’s support, C7 is expanding their market coverage to the Greater China Region and South East Asia this year. The…

March 10, 2016 BY Maria Nikolova

Thomson Reuters makes all financial content sets available in Eikon

Thomson Reuters Corp (NYSE:TRI) today announces that its flagship financial desktop, Eikon, now offers all of its financial content sets from one platform. As a result of the enhancements, Thomson Reuters Eikon customers get access to I/B/E/S estimates, Reuters news, StarMine quant models, a set of environmental, social and governance (ESG) measures, a Deals database,…

March 10, 2016 BY Maria Nikolova

Russia's KROUFR blacklists MXTrade

Russia’s Commission for the regulation of relations in the financial market (KROUFR) today added Forex broker MXTrade to its “Black List”. Clients of the broker have complained that they are unable to withdraw their profits generated from trading. Instead, the company allows them to withdraw only the initially invested money. The company does not respond…

March 10, 2016 BY Mike Fox

U.S. Forex brokers drop record 8.2% in assets for January 2016

January data from just released CFTC reports filed by January 31st reveal that Forex brokers within the United States for January dropped 8.9% in assets to fall under the $500 million handle to $499,339,084 from $544,087,054 reported in December of 2015 (see graph above). Notable changes which recently have occurred in the report is the removal of MB Trading when back in…

March 10, 2016 BY Maria Nikolova

Russia's NSD enables connecting to SWIFT via certified Service Bureau

Russia’s National Settlement Depository, part of the Moscow Exchange Group or Moskovskaya Birzha OAO (MCX:MOEX), announces today that it has introduced services of the certified Service Bureau of SWIFT in the Russian market. The SWIFT Service Bureau is an organization which secures full access to all SWIFT services and is responsible for organizing interactions with…