The Dodd-Frank act is coming back to haunt introducing brokers next A new proposed rule has been issued by the CFTC to require all IBs (introducing brokers) to get membership in a Registered Futures Association (RFA). This essentially means that they have to become members of the National Futures Association as of right now it…
Read moreTickCOM believes that iSTRAT will be able to circumvent possible regulatory restrictions on copy and follow trading. Trading software developer TickCOM has announced the release of their new trading platform called iSTRAT. With the possibility of regulatory restrictions on copy trading and social trading, the company offers a solution to retail traders, by implementing certain…
Read moreAfter revenues drop 27% in Q3 at Monex, things are even slower in October. Monex Group of Japan, a mid-size Japanese forex broker which also owns TradeStation and IBFX in the US, reported October average daily forex trading volumes of ¥99.856 billion, down 25% from September. The ¥99.856 billion figure translates into total monthly volumes of $22…
Read moreAvaTrade offering free Twitter shares, IG pushes Twitter trading The buzz surrounding Twitter’s IPO is helping some forex brokers break new ground in their marketing campaigns. Dublin based AvaTrade is running a 25 Free Twitter Shares campaign, offering new traders who register for an account a what essentially equates to a free 50 USD/EUR sign up bonus.…
Read moreAfter reporting its Q3 interim management statement, HSBC joins the ranks of alleged FX manipulators. In a fresh batch of events, it seems that major bank troubles related to the 4pm fix manipulation investigation are just about to start. As we have reported during the past couple of weeks, major banks around the globe are being investigated…
Read moreOctober volume metrics of $597 billion at Japan's largest retail forex broker are down 6% from September. Japanese retail forex traders' enthusiastic return to trading in 2013 seems to have waned somewhat in the second half of the year... GMO Click, Japan's largest retail forex broker, has reported October trading volumes of ¥59.1 trillion, or about…
Read moreAs we previously reported, Binary Options and Forex brokers continue to flock to Cyprus. The EU-Cyprus bailout crisis and subsequent bank account 'haircut' which occurred this spring has not dampened traders' enthusiasm for engaging with Cyprus-based brokerages. And as such we continue to see a number of startup (and existing) binary options and forex brokers…
Read moreMIG Bank brand will disappear, as Swissquote (SWX:SQN) Q3 report provides more insight into the acquisition of its Swiss rival. Leading Swiss online broker Swissquote has reported its Q3 financials, which showed a relatively slow but profitable Q3 (more on that later). However the interesting part of the report shed more light on Swissquote's acquisition of…
Read more...but remain well below first half of the year metrics. We asked last month 'What is wrong with Saxo Bank' when the Denmark-based retail forex broker reported its fifth consecutive month of declining volumes, at $220 billion. Well things improved somewhat in October, but not that much. Saxo Bank October forex volumes came in at…
Read moreGovernment shutdown leads to slow institutional trading month. Forex ECN EBS and derivatives marketplace CME Group each released October volume figures today, and they were scary low (from their perspective, of course). CME Group FX futures volumes decreased by 22% from September, and 9% from last year October, averaging 644,000 contracts per day --…
Read more