... however year-on-year Gain Capital's volume metrics remain more than 50% ahead of last year. We should first remind people (after getting many inquiries) that Gain Capital's reported volumes still do not yet include GFT volumes. Gain's announced acquisition of GFT has not yet closed, although it should close at some point before the end…
Read moreVC-backed Bitcoin payments solutions company is making tracks to make Bitcoin a 'real' currency. Everyone understands that a currency must be something we actually use to buy things. For a while, the hype surrounding Bitcoin was all about who is investing in it (the Winklevoss twins), and who was making it available to trade (several…
Read moreForex.com's parent company shares are up 169% so far in 2013. Well that didn't take long. Just one week after we reported that Gain Capital shares had closed above $10 a share the first time, comes the next milestone. On a day when Gain Capital introduced its new CFO James Emerson (formerly of KCG) to…
Read moreJason Emerson becomes Gain Capital's third CFO since its IPO in 2010. Forex broker Gain Capital, which operates the retail Forex.com and institutional Gain GTX brands, announced today the hiring of James Emerson as its new CFO. James Emerson was most recently Managing Director and Business Manager of KCG's Global Execution Services division, responsible for…
Read moreKCG Hotspot's August Forex volumes come in at $28 billion per day, down just 2% from July. As compared to an 8% month-on-month volume decline in August at the other Forex ECNs (Thomson Reuters, FXall, and ICAP's EBS), KCG Hotspot reported August average daily volumes of $28.0 billion -- down just 2% from July. We should…
Read moreState Street, GFI, and MarketAxess join Tradeweb and Bloomberg as the first SEFs granted. The CFTC has announced the granting of three more SEF licenses to State Street (via subsidiary SwapEx LLC), GFI, and MarketAxess. The three new licensees join Tradeweb Global (which actually received two separate licenses), and Bloomberg, as the only firms to successfully receive…
Read moreUK Spreadbetting company ETX sets up Twitter greymarket with $10.5-$11.5 billion valuation spread. LeapRate Exclusive... Forex and spreadbetting traders are very familiar with the power of social networking, so it is no surprise that Forex brokers are going to harness the popularity surrounding Twitter's just-announced IPO to attract traders. The first? UK spreadbetting firm ETX…
Read moreThe majority of Alpari Group's trading volumes come from Russia. So far, August volume metrics reported by both retail forex brokers and institutional forex trading venues seem to be very hit and miss. By that, we mean that some firms are seeing the typical summer-break slowdown in forex trading, while others are (somewhat surprisingly) seeing…
Read moreDeal with Forex Online Changer will allow locals to deposit Indonesian Rupiah and trade in US$. Cyprus forex broker ForexTime (also known as FXTM) has announced a deal with local Indonesian online payments company Forex Online Changer, which will allow Indonesian traders to deposit IDR (Indonesian Rupiah) and trade in USD. The service will be commission…
Read moreBank for International Settlements reports more FX industry concentration; and 33% growth since 2010.
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