June 10, 2014 BY Mike Fox
Patrick Bartle joins LMAX Exchange as Global Head of FX Strategy
To drive LMAX's plans for global expansion, the newly created position will be based in North America
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June 10, 2014 BY Andrew Saks-McLeod
Out of the doldrums? GAIN Capital experiences retail and institutional volume increases in May
With retail volume having increased by 0.9% and institutional by 11.7%, GAIN Capital's May volume figures show a potential return to form for the US stalwart.
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June 10, 2014 BY Mike Fox
Richard Branson bets on London-based FX payment transfer start-up TransferWise
Branson leads $25m investment round in money transfer service TransferWise; PayPal Co-Founder Peter Thiel is also an investor
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June 10, 2014 BY Mike Fox
FCA finalises rules to improve the protection of client money and custody assets
The Financial Conduct Authority (FCA) has today finalized changes to the client money and custody assets (client assets) rules. These changes affect approximately 1,500 FCA regulated firms that carry out investment business, from the largest investment banks to the smallest investment advisor, who collectively hold over £100bn of client money and £10tn of custody assets.…
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June 10, 2014 BY Mike Fox
Russia's CRFIN blacklists Forex-Deposit and Costa Rica's Rockwell Partners
CRFIN Press Release Translated from Russian to English Forex Deposit (www.forex-deposit.com) and Rockwell Partnerts SA (www.rockwell-partners.com) have been included in the blacklist of TSRFIN, Russian FX self regulatory organization. Both websites promise customers implausible and / or a guaranteed rates of return, the websites also offer substantial bonuses to attract customers who do not have sufficient transparency in terms…
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June 10, 2014 BY Gerald Segal
LeapRate Exclusive: AxiTrader set to launch AxiPrime liquidity services
Leading Australian retail forex broker AxiTrader is breaking into the institutional business. LeapRate has learned that about two months ago AxiTrader went live with a soft launch of AxiPrime, combining liquidity, prime brokerage and aggregation services for retail forex brokerages and institutional traders, leveraging off AxiTrader's regulated status in both Australia and the UK. AxiPrime…
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June 09, 2014 BY Gerald Segal
FXCM sees May retail volumes rise 5%; William Blair takes 10% stake
Busy day for the folks over at FXCM (NYSE:FXCM). The leading retail forex broker reported it somewhat bucked the trend of down volumes in May, with retail FX volume metrics rising 5% from April, coming in at $263 billion for the month (see chart below). Institutional volumes were flat at $185 billion. In a more…
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June 09, 2014 BY Andrew Saks-McLeod
Moscow Exchange takes global standards to Russian FX by joining FIX
The latest move in Moscow Exchange's quest for international status comes to fruition as it joins FIX Trading Community
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