The stock market likes exceeding expectations. It does not like convertible bonds. Most of us in and connected to the forex industry understand that we are all together in one big boat. Rising industry volumes generally mean good times for (most) everyone, while slow volumes hurt (nearly) everyone. There are always the haves and have-nots,…
Read moreBitcoin’s wild roller coaster ride takes it from $900, down to $450 and back up to $700 What a week it has been for the virtual currency Bitcoin – prices have been swinging in both directions in roller-coaster mode. As the Senate hearings on the digital currency were ongoing it has rallied all the way up to $900…
Read moreExactly one month after hitting the magic 100K Alexa level, our readers make us even more popular. A quick shout-out of thanks to all our readers, commenters, customers and friends.... LeapRate's growing audience has rocketed us in just one month more than 10,000 more positions in Alexa's ranking of the world's most popular websites. We're…
Read moreAs 4pm fix investigation continues, industry calls increase to change the way FX benchmarks are set In yet another twist, yesterday’s Bloomberg piece titled “FX Dealers Said to Use Day Traders to Make Personal Bets” is shedding some light on the FX manipulation practices surrounding the 4 pm fix saga. The trio of authors have…
Read moreBig banks can get it wrong too, low institutional volumes might be a reason The Wall Street Journal and Reuters are reporting in two separate articles that declining revenues for Goldman Sachs in the third quarter were in part due to FX trading decisions gone bad. According to an article in Reuters the investment banking…
Read moreThe forex arms race is officially on, as leading forex brokers gear up for increased capital requirements and industry consolidation. The ink was barely dry on FXCM's agreement with its banks to increase its credit facility by nearly $100 million to $250 million, and now comes word that rival retail forex broker Gain Capital is…
Read moreShares of the company are now trading up by more than 75% since its IPO in July CFD broker Plus500 (LON:PLUS) is seeing its shares rise more than 16% in today’s trading after issuing a trading update which states that activity at the brokerage had remained high after the 17th of October, when it announced…
Read moreThe digital “tulip mania” surrounding the virtual currency is ongoing Following a record rise to highs around $750 on the Bitstamp exchange ($900 on Mt Gox), the virtual currency has dropped almost 40% to trade as of writing at $470. It is no wonder that Congress is holding hearings these days to gather more information…
Read moreAlpari Russia rose to $137B, but rest-of-world fell to $113B, its lowest level since April Following a drop in September, Alpari Group has reported volumes declining for a second consecutive month in October. While Russian forex volumes have risen by 8% to $137B, the rest-of-world metrics have subsided to show a rather substantial decline by…
Read morePreviously under the name David Weeks he has pulled off another scam costing him $1 mln The CFTC has reported that it has obtained $455,000 to compensate the customers of Cambridge Currency Partners, run by an individual named David Prescott. An additional civil monetary penalty of $1.35 mln is imposed in a federal court judgment.…
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