EMIR deadline hits, trade reporting begins today for EU forex and binary brokers LeapRate

February 12, 2014 BY Gerald Segal

EMIR deadline hits, trade reporting begins today for EU forex and binary brokers

The FCA now recognizes six properly registered Trade Repositories for EMIR reporting. If you're a Forex, CFDs or Binary Options broker in Europe and you don't yet have in place an EMIR reporting solution, better contact us fast.... A little spoken about but very important regulatory deadline for Europe-based Forex, Binary and CFD brokers has now passed.…

February 12, 2014 BY Gerald Segal

AxiTrader becomes first Australian FX broker to introduce USDCNH trading

AxiTrader launches 16 new currency pairs AxiTrader, Australia's largest domestic FX broker, has announced in a press release that it is starting to offer 16 new currency pairs available for trading. Notably the most engaging addition is trading of the Chinese Yuan against the US dollar (USDCNH). This is a first time that an Australia…

February 11, 2014 BY Gerald Segal

Gain Capital shares rise 7% as investors like its January volumes report

Shares are up nicely by more than 40% since the low marked in late December Shares of GAIN Capital (NYSE:GCAP) have gained close to 7% in Monday trading after the company has reported staggering volume numbers for the month of January. Aside from setting a new all-time volumes record, the report serves to dispel concerns…

February 11, 2014 BY Gerald Segal

INTL FCStone Q1 revenues down 10% from last year

FX is one of the bright spots growing by 13% throughout 2013 New-York based and NASDAQ listed brokerage and risk management advisor INTL FCStone (NASDAQ:INTL) has reported its financial results for the first quarter of 2014 that ended on December 31. Operating revenues were lower than a year ago by 10% coming out at $113.4…

February 11, 2014 BY Gerald Segal

FXCM January volumes up 26%

Highest volume metrics numbers since July could be spelling more growth ahead One of the market leaders when we talk about forex brokerages - FXCM (NYSE:FXCM), has reported on the state of its order books in the first month of 2014 and the results are rather steady. Retail FX volumes at the brokerage were up…

February 11, 2014 BY Gerald Segal

Bank Vontobel chooses smartTrade LiquidityFX for its new FX offering

Swiss private bank Bank Vontobel is launching a new offering in Forex spot, forward and swaps. Institutional trading platform provider smartTrade Technologies has announced that Bank Vontobel, a Swiss private bank, will introduce a new offering in Forex trading for spot, forward and swaps to its clients based on smartTrade's LiquidityFX hosted solution. The platform includes…

February 10, 2014 BY Gerald Segal

Leverate upgrades look and feel of its Sirix Mobile HTML5 platform

The Sirix Mobile upgrade includes improved charts with embedded indicators, and placing orders directly from charts. Mobile trading used to be a nice-to-have for forex and binary brokers, and not long ago moves to become a need-to-have. But most transactions still took place on desktops or tablets. But that is rapidly changing. As people worldwide do more…

February 10, 2014 BY Gerald Segal

Gain Capital's record January sees more than $700 billion in volumes

Gain Capital (NYSE:GCAP) sees $212.5 billion retail and $494 billion institutional volume metrics in January. What a great start to the year for Gain Capital, which owns the Forex.com and Gain GTX brands. After seeing volumes disappoint somewhat during Q4 after Gain closed its acquisition of GFT -- sending its share price into a tailspin,…

February 10, 2014 BY Gerald Segal

Cyprus' Central Bank warns on Bitcoins – will it ban Bitcoin trading?

Cyprus regulators seem intent on making up ground on the perception that they let things slide before the banking crisis. Lately we have seen Cyprus' financial regulator CySEC make some interesting pronouncements on issues such as client bonuses, tax evasion and money laundering, in attempt (in our view) to 'lay down the law' and make…

February 10, 2014 BY Gerald Segal

Big banks face both criminal charges and civil lawsuits over 4pm fix currency probe

FCA hints that criminal charges are coming; Asset Managers launching lawsuits. So far, the major fallout of the investigations launched by several national financial regulators into the rigging of the global currency market -- specifically into the way the daily 4pm cross currency fix is set -- has been limited to some bad press for…