AvaTrade raises leverage allowed in Bitcoin trading as volatility wanes LeapRate

January 28, 2014 BY Gerald Segal

AvaTrade raises leverage allowed in Bitcoin trading as volatility wanes

Leverage on Bitcoin raised to 20x as Bitcoin trading risk is perceived lower. LeapRate Exclusive.... Very quietly, retail forex brokers have become more comfortable adding Bitcoin trading, while at the same time relaxing the conditions of trading for their customers. These changes are coming as Bitcoin volatility has subsided somewhat, and as traders become more…

January 28, 2014 BY Gerald Segal

Lucid Markets principal Fred Wilhelm cashes in $19 million of FXCM shares

FXCM bought 50% of institutional FX market maker Lucid in 2012 for $176 million, paid mainly in FXCM stock. Cash might be king, but shares aren't bad either, especially if they go up.... LeapRate has learned, via a series of filings made with the U.S. Securities and Exchange Commission (SEC), that Lucid Markets principal Fred…

January 27, 2014 BY Gerald Segal

Emerging markets turmoil may lead to higher FX volumes in January

Forex volatility and volumes are rising across the board with the Japanese yen charging sharply higher We have observed one of the most tumultuous weeks in forex and equity markets in a while and rapidly depreciating emerging markets FX was on the forefront of the news wires. Carry trades have been unwinding and the Japanese…

January 27, 2014 BY Gerald Segal

PR advisory firm Chatsworth Communications lands ParFX and CLS as new clients

Chatsworth quickly becoming PR firm of choice in the forex industry – other clients include FXCM, FX MarketFactory, and FX options specialists SD PR Week reports that London based PR agency Chatsworth Communications has managed to successfully acquire some new clients from the FX industry. The latest additions to the company's already impressive roaster of…

January 26, 2014 BY Gerald Segal

Brokerage ConvergEx says Bitcoin prices are stabilizing

JPMorgan's CEO Jamie Dimon trash talks the digital currency citing rather old media stories It almost seems as if the days when we saw gargantuan moves in Bitcoin prices are long gone now. The market has settled down after the Chinese Bitcoin downfall in December and it has also recovered rather steadily from that too.…

January 26, 2014 BY Gerald Segal

Chinese Yuan continues its rise to prominence as a Top 10 global payments currency

Chinese policymakers are facing a challenging dilemma with interest rates and Renminbi liberalization According to a fresh batch of data for December 2013 released by SWIFT, the Renminbi is now in 8th place in transactions volumes tracked by the global payments system. While constituting a meager 1.12% of global transactions, the amount has risen 15%…

January 26, 2014 BY Gerald Segal

CFTC fines CTI Group and Cooper Trading $29 million for fraudulent sale of Automated Trading Systems

Stephen Craig Symons and James David Kline personally liable for almost $8 million Californian fraudsters which engaged in a massive fraud scheme have been brought to justice after more than a year and a half of legal battles. The US Commodity Futures Trading Commission has filed its complaint against CTI Group, Cooper Trading, Stephen Craig…

January 24, 2014 BY Gerald Segal

FXCM launches new MT4 Indicator to the FXCM app store

Trading Session Hours aims to optimize clients’ strategies based on different trading sessions What looks like a simple tool could actually optimize trading strategies for clients who are aiming to execute trades at the most liquid market hours. FXCM has released on its app store a new indicator that outlines the borders of different trading…

January 24, 2014 BY Gerald Segal

FX Transparency launches FX trade analysis tool

Did you get the best execution price on your trade? FXT Analytics can help you We have a new player in forex benchmarking practices that aim to provide proper verification mechanisms to institutional traders and brokerages alike. The company’s name is FX Transparency and it has just introduced its product called FXT Analytics. The application…

January 24, 2014 BY Gerald Segal

Former Oppenheimer Fund Manager settles with SEC for $100,000

Brian Williamson has misrepresented a fund’s internal rate of return 10 times from 3.8 to 38.3% US Securities and Exchange Commission has issued a statement detailing its settlement with formar portfolio manager from Oppenheimer & Co. Brian Williamson. The regulator has imposed a permanent ban from the securities industry and the defendant will pay $100,000…