FX market turnover in February was RUB 23.0 trln (more than double March 2013's RUB 10.1 trln) FX market turnover on the Moscow Exchange in March was RUB 23.0 trln (more than double March 2013"s RUB 10.1 trln), including spot trades of RUB 7.3 trln (32% of the total) and swap trades of RUB 15.7 trln (68%). The FX market's average daily turnover was…
Read moreNASDAQ OMX is making clear moves indicating it is looking seriously at on-market FX trading We reported last month that global exchange operator NASDAQ OMX was possibly planning to have listed forex products in the not so distant future. Well a clear next step seems to be taking a higher profile at leading FX industry…
Read moreThe firm also improves spreads on all existing spot CNH crosses Saxo Bank, the largest European-based Forex trading firm (and a member of LeapRate's Approved List of Forex firms) has today added a new FX spot cross to the platforms. The bank is now trading spot gold against Chinese offshore renminbi (XAUCNH). Elizabeth Missfeld who works…
Read moreWill London's institutional sector continue to embrace the ECN model, or will further FX exchanges appear? Institutional FX expert Jonathan Brewer, Head of eFX Sales at Sucden Financial provides a detailed insight LeapRate today spoke to Jonathan Brewer, Head of eFX at Sucden Financial, in order to ascertain his perspective on the best execution model.…
Read moreUpdate: NetDania has announced delivery to EBS, of its mobile application in a white labelled version A follow up to our article yesterday on EBS’s new mobile forex app as we have learned the new 'Watch EBS' mobile app comes from financial mobile app vendor NetDania. It is of course a big deal for a…
Read moreBritish financial markets regulator announces plans to reduce possibility of rate manipulation by traders The Financial Conduct Authority (FCA) announced plans to look into how firms can reduce the risk of traders manipulating key benchmarks as a central part of its Business Plan for 2014/15, which was published yesterday. Together with several London-based financial institutions…
Read moreEXNESS establishes new corporate base in St. Vincent and the Grenadines, citing evolving regulatory amendments in New Zealand as major factor Until recently, New Zealand was regarded by retail FX companies as a very easy jurisdiction in which to establish a virtual office with which to attract a client base from the Asia Pacific region.…
Read moreGFI Group has selected Lombard Risk to handle reporting amid changing regulatory demands Lombard Risk Management plc (Lombard Risk), a leading provider of integrated regulatory reporting, compliance and collateral management solutions for the financial services industry, is pleased to announce that GFI Group has selected Lombard Risk REPORTER for EBA Common Reporting for its operations in…
Read moreReplaces IBM MQ with faster, more robust JMS system Fiorano Software, a leader in enterprise integration middleware solutions, announced that FioranoMQ has been deployed at IG Index, the UK's number one financial spread betting and Forex services provider. Real-time enablement of multiple internal processes, reduced latencies, the addition of new business functionality and improvements in…
Read moreAnnounces its trading update ahead of the close period for the full year ending 31 March 2014 ICAP Plc (IAP), the world’s largest broker of transactions between banks unveils in an official news release that overall trading activity levels in the Global Broking division have declined consistent with general market trends since the time of…
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