As the retail FX exodus from the US market continues, FXDD has issued a letter to its entire North American client base today stating that FXCM will take over all existing accounts.
Read moreChina's central bank continues to attempt to legislate against the use of virtual currency. With SAFE having granted BGC Partners a license to provide FX Options in China, could the mainland's government begin to view FX as a lesser threat to its strict control over domestic markets?
Read moreSwissquote's Annual General Meeting concluded with unanimous agreement from all shareholders to the Board's proposals, including the 5% equity accrued by PostFinance as part of its recently announced collaboration
Read moreUS Treasury volumes see big jump of 35% YoY as Fed juggles with interest rate policy, FX volumes drop...
Read moreThe US Commodity Futures Trading Commission has made a user-friendly upgrade to its portal to allow companies to submit event-specific reports
Read moreForex industry veterans launch FTPrime, a brand-new gateway directly into the inter-bank FX market for individuals and small to mid-size trading firms
Read moreThe Chennai directorate of enforcement interrogated the jailed directors of the Paazee Forex Trading company for three days following a fraud which relieved 48,000 investors of $17.4 million
Read moreChina is a highly coveted region by most Western FX firms, but near impossible to penetrate. Today, BGC Partners gains a license from state-owned regulatory body SAFE to operate interbank FX on the mainland.
Read moreAlthough MONEX has experienced a similar dynamic in declining trading volumes to that of other retail FX firms since the beginning of 2014, April's figure is 18% lower than March 2014, and the lowest since over one year ago.
Read moreIn a month where, so far, we've seen both retail brokers (e.g. GMO Click in Japan and Saxo Bank in Denmark) and institutional players (e.g. ICE) show slowing FX trading volume metrics, up-and-coming broker EXNESS just keeps on humming. The CySEC-regulated forex broker reported April FX trading volumes of $168.2 billion, marginally (1%) higher than March…
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