KCG Hotspot sees October volume metrics of $29.8 billion daily, up 4% from September. In October, we saw what we thought was an across the board decrease in institutional FX volumes: Thomson Reuters -12% FXall -5% EBS -5% CME Group (FX futures) -22% EBS and CME's figures were their lowest volumes reported in several years.…
Read moreFormer Boston Consulting Group Principal joins the company’s senior executive team One of the pioneers in the industry – the Canadian forex brokerage Oanda Corporation has appointed Mr. Vatsa Narasimha as Executive Vice President and Chief Strategy Officer. The company is seeking to continue its path of development and growth and created the new position…
Read morecTrader's ECN platform will soon integrate its own in-house copy trading capabilities. With competition increasing in the mirror and copy trading space, and alternatives to copy trading such as TickCOM's iSTRAT launching, comes word today that ECN platform provider Spotware is about to launch its own version of mirror trading on its cTrader platform. The…
Read moreSentenced to prison alongside his associates Robert J. Cannone and Francis Franco The US regulator CFTC has issued a statement announcing that it it obtained a court order against the principal of National Equity Holdings Thomas B. Breen for $1.75 mln, related to his fraudulent activities of solicitation, misappropriation of the firm’s customers’ funds and…
Read moreRussian based AForex the first brokerage to incorporate the joint solution Russian based FX brokerage AForex has announced the availability of leading copytrading platform MirrorTrader for live clients. Earlier in July, X Financial Solutions, the company behind the X Open Hub environment announced that it is teaming up with Tradency. As a result MirrorTrader will…
Read moreSkowronski had recently been promoted internally and moved from the US to head Alpari's non-Russia businesses out of London. We're sure there's more to this than initially meets the eye, but here is the text of Alpari's press release made today, on the resignation of Alpari UK CEO Daniel Skowronski, and his replacement by CMO/COO David…
Read moreWas FX benchmark manipulation the exception or the norm? Yesterday we bumped into a revealing article providing some more precise details about the foreign exchange manipulation investigations in the Financial Times called "Biggest banks face forex probe questions". As it turns out, according to the newspaper’s sources close to the forex probe, there are several forex…
Read moreICAP is counting on new initiatives such as EBS Direct and its new SEF to revive forex revenues ICAP (LON:IAP) has reported today in its half-year statement that its revenue declined to 736 mln pounds, dropping marginally by 1% year on year. Despite this, operating profits were reported at 153 mln pounds, which is higher by…
Read moreDispute among shareholders, near-sale to a rival Binary Options broker. LeapRate Exclusive... After contact with several of the behind the scenes players in the drama leading up to the closure this weekend of leading binary options broker iOption, LeapRate has learned more about the circumstances and events leading to the unfortunate shutdown. First, following the…
Read moreThe fraudster is already serving his sentence and funds are nowhere to be found The US regulator CFTC has issued a statement regarding a federal court order for $17 mln that it obtained against California resident Lyndon Parrilla. He and his company Green Tree Capital have defrauded over 50 customers of over $4 mln. The…
Read more