In what is normally a seasonally down month for FX trading volumes across both retail and institutional platforms, Hotspot FX actually saw a nice 8% MoM bump in FX trading volumes during December, averaging $24.1 billion per day versus $22.4 billion in November. However the $24.1B figure is down 13% YoY from $27.7B ADV last…
Read moreIt is no secret the goals of the growing Bitcoin industry to achieve mainstream adoption for the decentralized non-governmental backed digital currency. To a certain degree, the achievements are very real for Bitcoin in its brief history. 2015 was a year of more adoption and more stability in price after a very volatile 2014, which…
Read moreAs we prepare to change over our calendars to 2016, we would like to take this opportunity to thank all of our readers and clients for making 2015 a record year at LeapRate. The number of our followers and subscribers to our daily Forex Industry Newsletter continued to soar during the year. Some milestones we topped…
Read moreWe don't often make predictions at LeapRate, especially when it comes to share prices of publicly traded companies. However this one seems to have panned out. Our first reaction to FXCM's December 11 announcement that it is attempting to renegotiate the terms of its $300 million rescue loan with Leucadia National Corp (NYSE:LUK) was: Without looking…
Read moreRetail Forex and CFD broker Plus500 Ltd (LON:PLUS) has just published a list of its 10 most traded contracts for difference (CFDs) for 2015. The ranking (which you can see on the picture above) features several instruments which one would expect to see. Such examples are Oil, that is, Light Sweet Crude Oil, as well…
Read morePhillip Capital Inc., a Chicago-based firm, which is part of the Singapore-based PhillipCapital Group, on Wednesday announced that it has become a Financial Industry Regulatory Authority (FINRA) member. As a result, Phillip Capital has expanded its financial services offering beyond futures and Forex to include self-clearing corporate equity and debt securities. The company will settle…
Read moreThe People's Bank of China (PBOC) has issued suspension notices to at least three foreign banks regarding their Forex businesses, in a move underlining the stringent controls of the financial sector in China. According to a Reuters report, citing anonymous sources with knowledge of the matter, China's central bank has suspended the banks from conducting…
Read moreThe Dubai Financial Services Authority (DFSA) today announced that it has received a request from Nasdaq Dubai Ltd to obtain designation as the National Numbering Agency (NNA) for the jurisdiction of the Dubai International Financial Centre (DIFC). The role of the NNA is to accept registration information from issuers of new financial instruments such as…
Read moreIf Forex traders like volatility, then they should absolutely love trading shares of FXCM Inc (NYSE:FXCM). After a relatively slow week last week, FXCM shares got back on the rollercoaster they have been riding the past while. Monday saw FXCM shoot up from the open, rising a whopping 77% from their Thursday close of $11.15 (there was…
Read moreAfter getting regulatory warnings in Italy and Cyprus earlier this year, Forex broker MXTrade has locked horns with Turkey's vigilant financial regulator – the Capital Markets Board (CMB). In its latest bulletin, which was out on Monday, December 28, 2015, the regulator announced sanctions against the brokerage. The regulator said it had conducted an investigation into the…
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