Tradition records higher net profit in 2014, revenues rise in early 2015 LeapRate

March 13, 2015 BY Maria Nikolova

Tradition records higher net profit in 2014, revenues rise in early 2015

Compagnie Financiere Tradition SA (SWX:CFT), the Switzerland-based interdealer broker, earlier today posted its financial metrics for full year 2014. The group confirmed that the business environment in 2014 was challenging, but nevertheless managed to see a 47.5% jump in its annual consolidated net profit to CHF 32 million (USD 31.9m/EUR 30m). The group share amounted…

March 13, 2015 BY Andrew Saks-McLeod

With volumes in the doldrums, Tokyo Financial Exchange extends Euroyen futures discount

Tokyo Financial Exchange is extending its fee discount of up to 90% on three month Euroyen futures contracts in light of dwindling volumes

March 13, 2015 BY Andrew Saks-McLeod

ASIC clears the way for overseas FX firms registered in other jurisdictions

ASIC has issued a statement clarifying the documentation required by foreign firms when applying for exemption, the objective being to make the process easier

March 12, 2015 BY Mike Fox

FXCM February retail volumes disintegrate to $267 billion down 41% MoM

While FXCM CEO Drew Niv has made it clear the firm will endure through January's Swiss National Bank surprise Franc de-pegging from the Euro, the firm has some catching up to do to realize their positive volume trajectory trend where retail topped over $500 billion traded just a few months ago in October of last year...

March 12, 2015 BY Maria Nikolova

FXCM sees net income surge in Q4'14, revises assessment of CHF losses

All eyes are set on FXCM Inc (NYSE:FXCM), with the US retail Forex broker reporting a set of important financial and operating metrics. Whereas the trading volumes data for February 2015 has painted a rather gloomy picture, the financial metrics for the final quarter of 2014 provided a piece of good news, as revenues and…

March 12, 2015 BY Mike Fox

ICE Futures U.S. sets daily volume and open interest records in ICE U.S. Dollar Index on March 11th

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures U.S. reported record daily volume and open interest in the ICE U.S. Dollar Index® (USDX®) on March 11, 2015. USDX traded 159,577 contracts on March 11, 2015; the previous daily volume record of 118,608 contracts was established…

March 12, 2015 BY Andrew Saks-McLeod

TriOptima to offer multilateral compression for CME Group cleared trades

Early in the second half of 2015, CME Group IRS clearing members will be able to compress their US dollar dealer-cleared trades through triReduce in their proprietary accounts

March 12, 2015 BY Andrew Saks-McLeod

London Capital Group begins rebrand with launch of MT4 portal

Charles-Henri Sabet's firm is beginning its rebrand as providing an institutional experience for the retail trader. Is is also looking to seriously expand outside the UK for the first time.

March 12, 2015 BY Andrew Saks-McLeod

LeapRate TV: Gain Capital Directors sell shares, Oanda $45mn capital exposure, Alpari withdraws NFA membership and DB reduces Plus500 stake below 7%

March 12, 2015 BY Andrew Saks-McLeod

Denmark defends currency peg despite Euro turmoil

In contrast to Switzerland's removal of the peg on its sovereign currency during times of Euro uncertainty, Denmark's central bank is doing its utmost to hang on