Retail Forex industry volumes driven by ideal trading conditions -- a risk-on environment, volatility, and strong volumes in the Far East. LeapRate's Retail FX Volume Index, sponsored by Leverate, hit another all-time record in May, rising nearly 7% to $229 billion daily. Forex industry trading volumes continue to sit about 20%-25% above last year's levels.…
Read moreBitcoin exchange Mt Gox said it will likely be several weeks before US dollar withdrawals are back to normal. Leading Bitcoin exchange Mt Gox put out a detailed statement today, stating why the bank has temporarily suspended US dollar withdrawals from customer accounts. The full text of Mt Gox's statement follows, but essentially it boils…
Read moreIG Group spent several millions of dollars buying the IG.com domain name. IG Group's new website IG.com has now been officially launched (at www.ig.com, of course). We exclusively reported just several weeks ago that as part of its rebranding as just 'IG', IG Group had spent several million dollars buying the IG.com domain name, which…
Read moreJanno Teelem headed up product development teams for Apple-related products at Skype. Trading apps platform company Tradable has announced the hiring of a new Chief Product Officer, Janno Teelem. Teelem joins Tradable from Microsoft, where he headed the Mac engineering team for Skype products. Microsoft of course bought Skype from eBay for $8.5 billion in…
Read moreRetail forex trading among Swiss traders has dropped off since September 2011 cap was put in place, killing CHF volatility. The Swiss National Bank (Switzerland's central bank), in its periodical Monetary policy assessment, has announced plans to keep its CHF 1.20 per Euro cap in place, and will not allow the Swiss Franc to strengthen below…
Read moreCyprus (and other EU) Forex brokers are not just relying on MiFID, but are getting licensed separately in the UK. Two up-and-coming FX brokers, IronFX from Cyprus and Admiral Markets from Estonia, have separately announced that they have each received FCA authorization for their UK subsidiaries. (The FCA, of course, is the recently christened successor…
Read moreIt is not just smaller brokers the CFTC is going after when it comes to segregating client funds. The CFTC is making it very clear to brokers large and small that securing and segregating client funds is its priority number one, and that each broker had better be careful to stick to the letter of…
Read moreRecord retail forex volumes have caught the eye of stock market investors – and they are snapping up FX broker shares. LeapRate Exclusive..... Our recent reporting on the record retail forex trading volumes being achieved by FX brokers around the world has indeed been noticed by the Wall Street and London City crowds. Over the first…
Read moreLeverate's new HTML5 upgrade for Sirix is focused on further integrating social trading, and opening up Sirix to third party apps. FX Platform provider Leverate has announced the launch of its fully-redesigned Sirix Web trading platform, built from the ground up in HTML5. Sirix Web requires no download, and is fully integrated with each broker's trading platform (MT4), brokerage website,…
Read moreCollazo and his companies concealed trading losses, and misappropriated client funds for personal uses. The CFTC has obtained a federal court order requiring defendants Angel F. Collazo (formerly of Puerto Rico) and his companies, ACJ Capital (ACJ) and Solid View Capital LLC to pay $843,444 in restitution plus a $750,000 civil monetary penalty for fraudulently…
Read more