Full press release for FXCM's Q4 and full year 2013 results follows. Details and analysis to follow... The complete FXCM Q4 press release can be seen here. FXCM Inc. Announces Fourth Quarter 2013 and Full Year 2013 Results Record 2013 Revenues and EBITDA Releases February 2014 Monthly Operating Metrics Full-Year 2013 Highlights:• Full year U.S.…
Read moreWill head all content creation at the leading Forex industry information site Leading Forex industry information website LeapRate is pleased to announce the appointment of Andrew Saks-McLeod as its Managing Editor. In his new position, Mr. Saks-McLeod will be responsible for all content creation at LeapRate, including its leading Forex Industry News blog and its…
Read moreAs the world of HFT and algorithmic trading continues to up its game, Mercury Minerva's release of Gunslinger-HFT 2.0 Achieves 750ns Event-Detection-to-Trade Latency using Solarflare AOE with Altera Stratix FPGA As regulatory authorities in many jurisdictions which are home to major FX market participants continue to bear down on high frequency trading (HFT) and automated trading…
Read moreThe central bank suspended an official - concerns about FX fixing manipulation were first raised in 2005 Reuters is reporting that the latest suspension related to the foreign exchange fixing manipulation is not coming from the usual big forex dealing banking desk, but from the Bank of England. According to recent reports some staff members…
Read moreCFTC set to hold roundtable including discussion panels on three commonly-requested topics surrounding the Dodd-Frank Act following requests for clarification by commercial end users 2013 was most certainly a year of regulatory wranglings, especially among the two North American authorities responsible for overseeing the electronic trading activity which takes place under its jurisdiction. In the…
Read moreIntercontinentalExchange Group (ICE) has today announced its trading volumes for February 2014, with a significant downturn present when compared with the previous year Average daily volumes (ADV) for all global derivatives traded at ICE during February stood at 10.7 million contracts, representing a decrease of 9% comparative to the trading activity completed during February 2013.…
Read moreThe upcoming New Zealand registered brokerage maintains its solid drive Volume numbers at New Zealand registered and CySEC regulated upcoming brokerage have dipped slightly lower in February by 7% to $140.8 million. When compared to recently reporting companies, this seems to be a rather negligible drop, especially when put in context to the month of…
Read moreFXCM bought 50% of institutional FX market maker Lucid in 2012 for $176 million, paid mainly in FXCM stock. LeapRate Exclusive.... LeapRate has learned, via a series of filings made with the U.S. Securities and Exchange Commission (SEC), that Lucid Markets principal Matthew Wilhelm has sold about $8.6 million worth of FXCM shares during the…
Read moreBritain's financial markets regulatory authority set to introduce a dedicated service for overseeing payment systems by April 2015 The Financial Conduct Authority (FCA), Britain's official regulatory authority charged with the oversight of business ethics and consumer protection within the financial services industry has today announced that it intends to create an entirely new regulatory body…
Read moreJanuary's trend reversal was a one off event – growth continues to be stifled at the UK brokerage As we are getting the latest report from UK brokerage ICAP (LON:IAP) on volumes traded over its EBS platform the numbers are anything but disappointing. A total of $83.5 billion have shaken hands over the company’s electronic dealing…
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