Full press release for Gain's Q4 and full year 2013 results follows. Details and analysis to follow... The complete Gain Capital Q4 press release can be seen here. GAIN Capital Reports Full Year and Fourth Quarter 2013 Results For Full Year 2013 Net revenue of $266.4 million Net income of $31.3 million EPS of $0.79…
Read moreThe company aims to launch its new OTC derivatives offerings on the 3rd of March The European division of the CME Group, CME Clearing Europe has announced today that it received regulatory approval to launch Overnight Index Swaps, zero coupon swaps, Forward Rates Agreements, basis swaps and variable notional swaps. In addition the company is…
Read moreFT's article entitled 'Why would anyone trade forex?' shows clear misunderstanding of retail forex traders. LeapRate Exclusive.... In a follow up article to the news that FXCM had been fined £4 million by UK financial regulator FCA, the Financial Times ran an article questioning the basis of any retail trader participating in the forex industry, Indeed,…
Read moreInsiders to sell $170M of Plus500 shares. IPO benefits: higher volumes, but also lower client acquisition costs. When we wrote back in December that Plus500 (LON:PLUS) CEO Gal Haber was targeting a billion dollar valuation for his newly public company, we did so with a certain amount of skepticism. After all, industry leader FXCM's valuation…
Read moreStartup forex brokers can focus on sales and customer services by outsourcing hardware and software Are you a brokerage that is running an in-house developed platform or a platform solution that caters to the needs of some of your customers but most of them are asking for MT4? Gold-i and FXecosystem have just teamed up…
Read moreThe reporting deadline that has been set by the ESMA was on the 12th of February LeapRate exclusive: Since the first EMIR reporting deadline set by the ESMA which was on the 12th of February, members of MAP-ERS have started reporting to Trade Repositories in an uninterrupted fashion and right on time. During the first 10…
Read moreWill other UK brokers face similar action for asymmetric slippage? As we reported earlier, the UK arm of FXCM (NYSE:FXCM) has entered into a settlement agreement with UK's Financial Conduct Authority (FCA). The agreement is concluding and old issue for the company related to order execution practices (asymmetric slippage) between August 2006 and December 2010.…
Read morePress release follows. Full details and background coming soon at LeapRate.... The Financial Conduct Authority fines FXCM UK £4 million for making 'unfair profits' and not being open with the FCA The Financial Conduct Authority (FCA) has fined Forex Capital Markets Ltd and FXCM Securities Ltd ("FXCM UK") £4,000,000 for allowing the US based FXCM…
Read moreMt Gox closure sent prices on other exchanges down 25% to low $400's, now back around $600 Recent developments in the crypto currencies world have been of a substantially disruptive nature and there is no doubt that confidence has been shattered all over the place as the formerly leading Japanese exchange Mt Gox has finally…
Read moreOMF also recently launched the cTrader ECN platform for FX trading FX transaction processing software provider TwoFour has announced in a press release that New Zealand based OM Financial Limited (OMF) has selected the company to provide it with its TwoFour Foreign Exchange software to manage the whole spectrum of FX payments and margin transactions.…
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