Monex Indonesia had previously received a CySEC license, but apparently decided to launch in the UK instead. Not to be confused with Japanese forex broker Monex Group (which also owns US-based IBFX and TradeStation), Monex Indonesia has set up a UK subsidiary -- Monex Capital -- gained an FCA license, hired a team of ex-CMC…
Read moreRussia forex volumes have been strong this year – will this latest move lead to more volatility? One of the fastest growing FX markets of 2013 has certainly been Russia, leading to one month after another of record forex trading volumes for Russia FX market leader Alpari. (LeapRate estimates that Alpari has an approximate 40% market…
Read moreClearVision tools allow brokers to deal with multiple trading platforms, liquidity providers, back office systems and risk books. Institutional FX broker CFH Clearing has announced the launch of a new suite of products called ClearVision, aimed at providing brokers with a combination of Prime of Prime interbank liquidity and state of the art, sophisticated trading technology.…
Read moreInfinium recently laid off a good portion of its staff, as it refocuses on commodities and energy. Leading Forex broker FXCM has announced that it, alongside some of the principals of its Lucid Markets subsidiary, has lent $12 million to Chicago-based market maker Infinium Capital, via the purchase of a $12 million note issued by…
Read moreMyfxbook's AutoTrade introduces slippage metrics data for all mirrored positions. Forex social network and copy trading platform service Myfxbook announced the introduction of slippage information to its AutoTrade copy trading service. And as part of its introduction, Myfxbook made a very interesting claim (see below), which we hope to look further into in the coming…
Read moreFXall tops parent Thomson Reuters and rival ICAP EBS at $111 billion daily volume. This was a long time coming, and not really unexpected.... Forex ECN FXall reported that September forex volume metrics hit $111 billion daily -- edging out parent Thomson Reuters' $110 billion and rival ICAP EBS' $81 billion to claim for FXall…
Read moreSwiss regulator FINMA investigating several banks for possible manipulation of foreign exchange markets. Much of the behind-the-scenes chatter in the forex world this past weekend has revolved around the investigation announced Friday by Swiss financial regulator FINMA into the possible manipulation of foreign exchange markets by a number of unnamed banks. The excitement began after a very…
Read moreWhat is wrong with Saxo Bank? The folks at Saxo Bank picked an interesting time to start publishing their forex trading volumes. After hitting a high of $427 billion in January, Saxo Bank has seen its forex trading volume metrics decline steadily in seven of the following eight months, including the five most recent months…
Read moreIG Group and ETX Capital already allow (greymarket) trading of Twitter shares. It seems as if those who bought in (very) early to Twitter are already ahead.... Social microblogging site Twitter has finally made final its IPO prospectus, which includes its plans to value the company at about $12.8 billion. As we wrote earlier, several…
Read more... however that was off a weak August base. Year-over-year, EBS volumes are down 27%. Is this an indication of forex industry weakness during September, or indicative of problems specifically at ICAP and its EBS forex ECN unit? Our take? Probably a little bit of both. After August EBS volumes were at their lowest levels…
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