... and just as important, LeapRate readers are spending more time on the site, visiting more pages... We are pleased to report that LeapRate's Alexa ranking of the world's most popular websites has crossed into the 60,000's, just four weeks after we passed the 80,000 barrier into the 70,000's. We'd like to take this opportunity to thank…
Read moreUnder new management, the big question is whether LCG can make a recovery in 2014. UK spreadbetting and CFDs broker London Capital Group (or "LCG"), which operates the Capital Spreads, Capital CFDs and LCG FX brands, announced summary results for the second half of 2013 on Wednesday. LCG Group revenue came in at £10.9 million, down…
Read moreBarclays Margin FX exit is just the latest in a string including Deutsche Bank, Goldman Sachs... As the global retail forex market has grown and matured -- with retail forex volumes hitting an all-time high in mid 2013 -- the predictions of many industry observers included an increasing presence of leading 'traditional' financial institutions in…
Read moreLMAX is seeing most of its own growth in Russia and the Far East According to LMAX Exchange’s CEO David Mercer global forex volumes are set to double by 2020 because of increasing growth in emerging markets FX. He outlined the important role of the Renminbi and the Russian Ruble which are both set to…
Read moreVice-president of Russian bank brokerage Alfa Forex reveals the keys to success in the retail business Only a day after we covered the record rise of Russian retail forex volumes, LeapRate has spotted a detailed interview with the vice-president of one of the fastest growing retail brokerages in Russia run by a commercial bank. We…
Read moreCITIC is a unit of Chinese sovereign wealth fund, will focus on trading emerging FX, Renminbi Just a week after former CEO of FX Concepts John Taylor has announced that he is going back to business, two other executives, namely Robert Savage and Ron DiRusso have announced that they are starting their own venture. More…
Read moreStrange twist to a very strange story — Malik Bilal Awan abducted in Islamabad, as his big brother sits in jail for fraud. When we reported back in November that Malik Noureed Awan, the CEO of Dubai based retail forex broker MMA Forex, was sentenced to two years in jail after a fraud conviction, we thought that…
Read moreForeign exchange fixing revamp is imminent as regulators contemplate big changes Sources familiar with the recently launched investigation by German regulatory watchdog BaFin are claiming that the investigation has been put on the top priority list and Deutsche Bank’s London offices will be visited by an investigating team. Transparency in major banks’ business practices has…
Read more2013 was a nice comeback year for retail forex volume metrics, up more than 20% over 2012. LeapRate's Retail FX Volume Index, a monthly measure of trading volumes globally in the retail forex sector, declined by 5% in December to $276 billion daily -- its (not unexpectedly) lowest level of the year. Gerald Segal, LeapRate…
Read moreApparently the company’s website vanished since December, no sign of clients’ funds Cypriot regulator CySEC has issued a warning against FX Trident 365 LTD which is the company behind Trident FX, stating that the entity has never been regulated by the Commission. According to the press release they have never been authorized to provide investment…
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