Year-on-year growth still quite strong with daily average revenue trades rising by 19% One of the leading electronic brokerages in the US, Interactive Brokers, has reported its monthly volume metrics for February. The theme appears to be flat over last month’s figures with the Daily Average Revenue Trades (DARTs) consolidating around 581,000, which is higher…

Ken Harvey succeeds Gerard Hartsink, who served as CLS Chairman for seven years. Institutional FX settlement risk company CLS has today announced the appointment of Ken Harvey to the position of Chairman of the Board of Directors. Mr. Harvey, who has held independent membership of the CLS Board of Directors since 2012, supersedes industry veteran…

Unsurprisingly, increased trading activity is directly related to Ukrainian turmoil Volumes of FX contracts that shook hands in the month of February has spiked to an all-time high of RUB 17.8 trillion ($489 billion) in the month of February. That is higher by more than 35% over last month's figures. Volume metrics were affected by…

Valutrades runs on the MT4 and Tradable app platforms, soon adding binary options. LeapRate has learned that Indonesia retail forex broker Monex (not to be confused with Monex Group of Japan, an unrelated company) has rebranded its UK operation as Valutrades. As we reported back in October, Monex Indonesia had set up a UK subsidiary…

The company appears to be registered in Ukraine which only adds on top of CRFIN’s worries According to a press release issued by Russian self-regulatory organization CRFIN, the company FX Garant (www.fx-garant.org) appears to be very likely to operate a Ponzi scheme. The regulator has issued a warning that the company is guaranteeing a staggering amount…

Monthly stats remain on track for an optimistic start to the year at the Danish brokerage Volumes at leading Danish brokerage Saxo Bank have been released for the month of February and the number is out at $264 billion. That’s a substantial decline of 13% from the month of January, yet it is not unexpected…

UK regulated brokers can come under more scrutiny due to best execution malpractices LeapRate has already reported on last week’s long dated fine on FXCM imposed by the UK financial regulatory body FCA. What we would like to emphasize today is that this could be only the first action in a series of investigations. According…

The company aims to attract more CFD trading by launching micro-lots One of the leading retail forex and CFD brokerages around, FXCM Inc. (NYSE:FXCM) has announced a new addition to its broad base of products. This time around it’s not a new list of assets but rather an improvement to the ones already offered –…