CME Group will initially focus on commodity products, and will look to develop additional markets over time. CME Group, which runs the world's largest derivatives marketplace, announced today that it had (finally) filed an application to be registered as a Swap Execution Facility (SEF) with the CFTC. CME Group plans for its SEF to be…
Read more... however the stock market ignores the warning, sends IG Group stock up 1.7%. UK spreadbetting leader IG Group, which is in process of rebranding its businesses to just IG.com, reported its fiscal 2014 Q1 results as being significantly below last quarter. (IG has a May 31 year end, so Q1 was the quarter encompassing…
Read moreMarketsPulse CRM v2 now updates sales and retention teams in real-time on more actions traders make. Binary options platform provider MarketsPulse has announced a major upgrade to its Customer Relationship Management (CRM) software package for binary options brokers. The new CRM version now tracks a trader's demo-money and real-money account activity and finances in real-time. This upgrade…
Read more... however year-on-year Gain Capital's volume metrics remain more than 50% ahead of last year. We should first remind people (after getting many inquiries) that Gain Capital's reported volumes still do not yet include GFT volumes. Gain's announced acquisition of GFT has not yet closed, although it should close at some point before the end…
Read moreVC-backed Bitcoin payments solutions company is making tracks to make Bitcoin a 'real' currency. Everyone understands that a currency must be something we actually use to buy things. For a while, the hype surrounding Bitcoin was all about who is investing in it (the Winklevoss twins), and who was making it available to trade (several…
Read moreForex.com's parent company shares are up 169% so far in 2013. Well that didn't take long. Just one week after we reported that Gain Capital shares had closed above $10 a share the first time, comes the next milestone. On a day when Gain Capital introduced its new CFO James Emerson (formerly of KCG) to…
Read moreJason Emerson becomes Gain Capital's third CFO since its IPO in 2010. Forex broker Gain Capital, which operates the retail Forex.com and institutional Gain GTX brands, announced today the hiring of James Emerson as its new CFO. James Emerson was most recently Managing Director and Business Manager of KCG's Global Execution Services division, responsible for…
Read moreKCG Hotspot's August Forex volumes come in at $28 billion per day, down just 2% from July. As compared to an 8% month-on-month volume decline in August at the other Forex ECNs (Thomson Reuters, FXall, and ICAP's EBS), KCG Hotspot reported August average daily volumes of $28.0 billion -- down just 2% from July. We should…
Read moreState Street, GFI, and MarketAxess join Tradeweb and Bloomberg as the first SEFs granted. The CFTC has announced the granting of three more SEF licenses to State Street (via subsidiary SwapEx LLC), GFI, and MarketAxess. The three new licensees join Tradeweb Global (which actually received two separate licenses), and Bloomberg, as the only firms to successfully receive…
Read moreUK Spreadbetting company ETX sets up Twitter greymarket with $10.5-$11.5 billion valuation spread. LeapRate Exclusive... Forex and spreadbetting traders are very familiar with the power of social networking, so it is no surprise that Forex brokers are going to harness the popularity surrounding Twitter's just-announced IPO to attract traders. The first? UK spreadbetting firm ETX…
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