June 06, 2013 BY Gerald Segal

Another interesting FX promotion – the $250K Miss Dukascopy contest

Dukascopy is clearly targeting an interesting vertical – young women – but also the young men who will want to follow proceedings. Recently we've been writing about interesting and unique promotions that FX brokers come up with, in an increasingly crowded world of FX marketing, bonuses and promotions. We covered the IronFX win-a-trip-to-Vegas contest, and the Liquid…

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June 06, 2013 BY Gerald Segal

Spotware introduces new copy trading platform cMulti for cTrader

Spotware also advancing plans to allow other mirror trading platforms to integrate with the cTrader suite. FX platform provider Spotware has announced plans to introduce a new platform, cMulti, into its line of STP and NDD spot trading platforms. The new mirror trading platform, to be offered to Spotware clients at no additional cost, allows users…

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June 05, 2013 BY Gerald Segal

ICAP EBS reports FX volumes down 2% in May

All of ICAP's electronic brokering businesses slowed in May, except US Treasury trading, which was up a whopping 58%. ICAP's Forex ECN unit EBS reported May FX trading volumes at $126.0 billion (average daily volume for the month), down 2% from April and down 4% from last year May. After two strong months to start the…

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June 05, 2013 BY Gerald Segal

Monex Japan FX volumes drop 11% in May

But in perspective, May's dip to $48 billion comes after Monex had its best-ever month in April. Mid-size Japanese retail forex broker Monex Group reported that its May FX volumes dropped by 11%, to ¥216 billion per day (which works out to about $48 billion in volume for the month). Monex had its best-ever month in…

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June 05, 2013 BY Gerald Segal

Bitcoin prices manipulated last weekend?

Bitcoin prices and volumes on Mt Gox showed very strange patterns at a normally slow time. Another reason why FX brokers are still generally reluctant to add Bitcoin trading... Coinsetter Blog pointed out a very interesting phenomenon, whereby it questioned whether Bitcoin prices were being manipulated this past Sunday, June 2. After several weeks of relative stability…

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June 05, 2013 BY Gerald Segal

MIG BANK to target Asia from new Hong Kong subsidiary and office

Opening of MIG Capital Asia Limited comes more than a year after we reported MIG opening a Hong Kong rep office. Leading Swiss Retail FX brokerage MIG BANK, a member of LeapRate's Approved List of global regulated FX brokers, announced that it has formally launched its Hong Kong subsidiary, MIG Capital Asia Limited, and a new office…

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June 04, 2013 BY Gerald Segal

GMO Click FX volumes top $950 billion in May, yet another new record

Japan Retail FX market continues to be red hot. With the Japanese Yen finally crossing through the USDJPY 100 barrier during May for the first time in more than four years, Japan's Retail FX sector continues to generate record trading volumes, and record interest among Japanese retail FX traders. The proof? GMO Click, Japan's largest…

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