September 10, 2013 BY Gerald Segal

New Zealand cTrader / MT4 broker Trendoks gets CySEC CIF license

Forex brokers continue to flock to Cyprus as a base for EU operations. LeapRate Exclusive... It seems as though Cyprus has not lost any of its cache, as a desirable and respected destination for forex brokers looking for a beachhead in the EU market. LeapRate has learned that New Zealand / Russian forex broker Trendoks…

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September 10, 2013 BY Gerald Segal

EBS August FX volumes are lowest in eight years

ICAP's Forex ECN unit EBS reports volumes of just $78.7 billion daily in August. The question for ICAP -- which after a strong start to the year for EBS volumes in January and February, has seen volumes drop off during an otherwise strong 2013 -- is whether this is just the summer doldrums, or an…

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September 09, 2013 BY Gerald Segal

Second (and third) SEF registrations approved for Tradeweb

Tradeweb Joins Bloomberg as the only granted SEFs, although several other applications are in process. The CFTC has announced the granting of an SEF license to Tradeweb Global (which actually received two separate licenses), making Tradeweb the second company, after Bloomberg, to successfully receive the designation. SEFs are the new trading venues mandated under the…

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September 09, 2013 BY Gerald Segal

X Financial Solutions launches xRisk to automate broker risk management

xRisk is available to all brokers offering X Open Hub, as well as the MT4 platform. Leading FX platform provider X Financial solutions has announced the introduction of their new risk management product, xRisk. xRisk automates the management of a broker's risk exposure and allows for intelligent hedging based on parameters set by the user. It comes…

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September 09, 2013 BY Gerald Segal

CMC Markets loses one-third of staff, posts £2.8M loss

CMC fiscal 2013 results show a 21% drop in revenue, as the scandal revolving around CEO Peter Cruddas took its toll. Leading UK online broker CMC Markets has released its fiscal 2013 results (year-end March 31), alongside some interesting comments and admissions made by CMC Founder and CEO Peter Cruddas. Cruddas re-took the reigns as…

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September 09, 2013 BY Gerald Segal

Tradable partners with Shift Forex to help App developers and brokers transition to Tradable's platform

Shift Forex will provide a variety of solutions around Tradable's open API trading platform and ecosystem. LeapRate Exclusive.... LeapRate has learned that Tradable, which has developed the first app platform specifically for FX trading apps, is about to announce a strategic relationship with leading forex consultancy Shift Forex. Essentially, Shift Forex will provide content, training, and marketing to…

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September 06, 2013 BY Gerald Segal

CME Group August FX volumes down 8% from July

However FX futures volumes at CME were 2% stronger than last year. We'll actually attribute this one to the summer doldrums. After seeing a steady rise in trading volumes as 2013 progressed, culminating with its second-best ever month for forex volumes in June, the CME Group reported that August FX volumes dropped by 8% to…

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