GAIN Capital April retail volumes take a 5.5% drop compared with March
GAIN Capital (NYSE:GCAP), whose stock plummeted last week on the back of a weak Q1 financial report today reported certain operating metrics for the month of April 2014. Retail metrics Retail OTC trading volume of $174.4 billion, a decrease of 5.5% from March 2014 and an increase of 19.6% from April 2013. Average daily retail OTC…
Read moreSaxo Bank adds six new FX OTC forward outright crosses, including Gold vs. Euro
Saxo Bank increases the total offering in forwards to 121 pairs...
Read moreSouth Korea rapidly becoming commercial FX center as monthly bank deposits increase by $7.3 billion
Korean banks have experienced a record inflow of FX deposits, with a monthly increase of $7.3 billion during April, surpassing a previous high two months earlier. Could Korea be an industry focus for the future?
Read moreCME Europe strengthens the on-exchange FX cause - Gains Bank of England client asset handling approval
CME's recently launched London-based derivatives market becomes world's first CCP to gain Bank of England approval for handling of client assets and protection against bankruptcy. The case for venue-based FX grows stronger...
Read moreDeutsche Bank's Head of eFX heads for retirement one year after returning to London
Robert Mandeno has put in for retirement one year after returning to London to lead the Global eFX operation, whilst the firm's Global Head of FX Trading Kevin Rodgers prepares for departure in June.
Read moreYou're nicked, mate! Australian Federal Police arrest two men for FX insider trading
A 26 year old employee of the National Australia Bank and a 24 year old civil servant experienced the long arm of the law after being arrested by the Police on Friday with $7 million restrained for misusing advantageous information to profit in FX.
Read morecTrader expands liquidity pool as Quotix adds Nordea Markets to aggregation solution
Scandinavian multinational to join Tier-1 institutions in liquidity aggregation provided by Quotix, broadening the reach across Nordic region, as well as North America and the Far Eastern financial markets.
Read moreeSignal consolidated data feed now available on ActForex trading platform
The partnership allows FCMs and broker-dealers to re-distribute eSignal's Forex and global exchange data to retail traders through ACT...
Read moreGain Capital shares down more than 15% after reporting Q1 results
Quick follow-up to our coverage yesterday of Gain Capital and FXCM's Q1 results announcements. Seems as though investors were not impressed with the revenue declines and barely-there Q1 profits of both Forex.com's parent company Gain Capital, as well as rival FXCM. Gain Capital (NYSE:GCAP) is trading down about 16% today, sending its shares to below its IPO…
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