However FXCM did not say whether or not any sort of investment in or acquisition of Infinium was imminent. After a Wall Street Journal article reported that leading forex broker FXCM was in talks to to invest in Infinium Capital Management LLC, a Chicago-based struggling high-frequency trading firm, FXCM decided to post a quick comment confirming…
Read moreLCG revenues were actually down from last year, at a time when industry revenues were up nicely. UK spreadbetting and CFDs broker London Capital Group (or "LCG"), which operates the Capital Spreads and ProSpreads brands, announced disappointing first half 2013 results, which sent its stock (LSE:LCG) tumbling by more than 10% on Thursday. LCG's revenues…
Read moreForex futures on EURRUB and USDRUB to trade on Eurex. Moscow Exchange and Eurex, the derivatives arm of Deutsche Börse Group, announced that they have signed a cooperation agreement for the trading of Rouble-based FX derivatives. Specifically, Eurex Exchange will launch Euro- Russian Rouble and U.S. Dollar-Russian Rouble FX futures on its trading system. The…
Read moreBitcoin trading will be available with up to 5x leverage on both AvaTrader and AvaTrade's MT4. Three weeks after we first broke the news that Ireland-based forex broker AvaTrade (formerly AvaFX) had launched Bitcoin trading, comes formal word from the company. AvaTrade today put out a formal press release announcing that it had hired MT4…
Read moreGermany's Ministry of Finance considers Bitcoins a 'unit of account' -- meaning BaFin licensing required, Bitcoin transactions subject to VAT... Monday was a seminal day in the life of Bitcoin, with the release of a formal statement by Germany's Ministry of Finance. The statement indicated that Germany formally designated Bitcoin as a 'Rechnungseinheiten als Finanzinstrument', or…
Read more... however retail forex volumes are about 25% above last year's levels. LeapRate's Retail FX Volume Index, sponsored by Leverate, decreased by 7.5% in July to average $305 billion daily, down from an all time high of $329 billion per day in June. The drop was not unexpected, as forex (as well as equity and fixed-income)…
Read more.... although Forex.com retail volumes remain about 50% above where they were last year. Forex broker Gain Capital, which operates the retail Forex.com and institutional Gain GTX brands, reported that July forex volumes were down in July, for the second month in a row. Retail forex volume metrics were down from June by 8% to…
Read moreBitcoin industry insiders believe continued US Government hostility will scare Bitcoin startups and entrepreneurs away from the US. In separate but related actions, two US Government bodies have requested investigations into Bitcoin. The investigations, to be carried out separately by the FBI and the US Department for Homeland Security (DHS), are to focus on the…
Read moreFXCM shares up despite news that two senior officers of FXCM recently sold most of their shares. Shares of publicly traded forex brokers continue to surge forward. On a day when stocks were generally down (Dow -0.7%, S&P500 -0.5%), leading forex broker FXCM continued its climb upward -- crossing the $19 line, setting an all-time…
Read moreHotspot FX still on a hot streak, but July volumes decline in line with its Forex ECN peers. After seeing its best-ever forex volume month in June, Forex ECN Hotspot FX reported that July volumes declined by 22%, to average $28.6 billion per day. The decline was basically in line with Hotspot's Forex ECN peers,…
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