FXall and Thomson Reuters see volumes decrease, confirming institutional slump in October LeapRate

November 07, 2013 BY Gerald Segal

FXall and Thomson Reuters see volumes decrease, confirming institutional slump in October

However their leadership ahead of ICAP has been solidified with FXall numbers still being higher y/y Not unexpectedly FXall and Thomson Reuters reported lower daily volumes for the month of October. FXall and their parent Thomson Reuters both reported decreases in daily trading volumes during the month with $106 bln and $97 bln respectively (see…

November 07, 2013 BY Gerald Segal

LCH.Clearnet launches buy-side clearing of FX derivatives

The new service will initially offer FX NDFs out to two years for buy-side clients, via three FCMs. Clearing specialist LCH.Clearnet announced today that it is expanding its ForexClear FX derivatives clearing service with the launch of a new offering for buy-side clients. ForexClear is now available to buy-side clients through one of three Futures Commission…

November 07, 2013 BY Gerald Segal

CFH Clearing has selected FXecosystem Inc, to ease liquidity provision

The move will provide more ample liquidity and lower latencies to clients Institutional forex brokerage CFH Clearing, has announced an agreement with FXecosystem that strengthens its ability to offer a wider range of liquidity providers to its clients. The FXecosystem delievers a single point of contact to various types of liquidity providers – banks, ECN’s…

November 07, 2013 BY Gerald Segal

FXCM Q3 revenues down 19%, EBITDA down 39%

However October saw a nice 5% pickup in volume metrics at FXCM to $491 billion. Leading retail FX firm FXCM, (NYSE:FXCM), the world's largest online FX broker (and a member of LeapRate's Approved List of global regulated forex brokerage firms), announced its October trading activity levels as well as Q3-2012 results today. As expected, with FXCM seeing…

November 07, 2013 BY Gerald Segal

AlphaMetrix has $700 mln frozen

The CFTC states that the company misappropriated funds belonging to commodity pools and sent false or misleading account statements AlphaMetrix, which was ironically marketed to investors as a safe-house against the likes of Bernie Madoff, finds itself in some hot waters. Based in Chicago, the US company provides customers with opportunities to invest in futures…

November 07, 2013 BY Gerald Segal

Twitter prices IPO at $14.2B valuation, greymarket still at $21-23B

Twitter (NYSE:TWTR) will need to trade up more than 60% on Thursday for greymarket traders to make money. Retail forex brokers plan to make a lot of money around Twitter's IPO and the event of Twitter becoming a public company. But how about the Twitter greymarket traders? After many months of anticipation and (seemingly endless) talk…

November 07, 2013 BY Gerald Segal

Hong Kong forex broker KVB Kunlun reports improved profitability in Q3

Preliminary unaudited review finds that the company is to report a net profit for the quarter that ended on September 30th Hong Kong listed medium sized brokerage KVB Kunlun (HKG:8077) has announced that during the first nine months of this year the company is faring better than last year and it will announce net profits for…

November 06, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch - Donald R. Wilson and DRW Investments

DRW Investments filed a pre-emptive lawsuit against the US regulator The CFTC filed a civil lawsuit against Donald R. Wilson and his company DRW Investments, LLC. Charges are for unlawful manipulation of a 3-month interest rate swap futures contract in a period of at least 8 months – between January and August 2011. According to…

November 06, 2013 BY Gerald Segal

IronFX is latest forex broker to add the Tradable app platform

Tradable's unique app platform environment goes on to gain further popularity FCA regulated, Cyprus headquartered forex broker Iron FX, has announced that it is joining the likes of GAIN Capital/Forex.com (NYSE:GCAP), Monex Japan, Monex Indonesia and the recently added Australian IC Markets in providing the Tradable store of apps to their clients. Up until now…

November 06, 2013 BY Gerald Segal

CFTC requires IBs to be licensed

The Dodd-Frank act is coming back to haunt introducing brokers next A new proposed rule has been issued by the CFTC to require all IBs (introducing brokers) to get membership in a Registered Futures Association (RFA). This essentially means that they have to become members of the National Futures Association as of right now it…