Lower revenues and profits should not have been a surprise, however market was spooked somewhat by FXCM's $15 million regulatory reserve. Leading forex broker FXCM ( NYSE:FXCM ) saw its shares dive by 8% on Thursday after FXCM reported Q3 results earlier in the day. While FXCM's financials were somewhat disappointing -- revenues down 19%…
Read moreHowever 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…
Read moreThe 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…
Read moreThe 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…
Read moreHowever 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…
Read moreThe 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…
Read moreTwitter (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…
Read morePreliminary 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…
Read moreDRW 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…
Read moreTradable'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…
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