Forex futures on EURRUB and USDRUB to trade on Eurex. Moscow Exchange and Eurex, the derivatives arm of Deutsche Börse Group, announced that they have signed a cooperation agreement for the trading of Rouble-based FX derivatives. Specifically, Eurex Exchange will launch Euro- Russian Rouble and U.S. Dollar-Russian Rouble FX futures on its trading system. The…
Read moreBitcoin trading will be available with up to 5x leverage on both AvaTrader and AvaTrade's MT4. Three weeks after we first broke the news that Ireland-based forex broker AvaTrade (formerly AvaFX) had launched Bitcoin trading, comes formal word from the company. AvaTrade today put out a formal press release announcing that it had hired MT4…
Read moreGermany's Ministry of Finance considers Bitcoins a 'unit of account' -- meaning BaFin licensing required, Bitcoin transactions subject to VAT... Monday was a seminal day in the life of Bitcoin, with the release of a formal statement by Germany's Ministry of Finance. The statement indicated that Germany formally designated Bitcoin as a 'Rechnungseinheiten als Finanzinstrument', or…
Read more... however retail forex volumes are about 25% above last year's levels. LeapRate's Retail FX Volume Index, sponsored by Leverate, decreased by 7.5% in July to average $305 billion daily, down from an all time high of $329 billion per day in June. The drop was not unexpected, as forex (as well as equity and fixed-income)…
Read more.... although Forex.com retail volumes remain about 50% above where they were last year. Forex broker Gain Capital, which operates the retail Forex.com and institutional Gain GTX brands, reported that July forex volumes were down in July, for the second month in a row. Retail forex volume metrics were down from June by 8% to…
Read moreBitcoin industry insiders believe continued US Government hostility will scare Bitcoin startups and entrepreneurs away from the US. In separate but related actions, two US Government bodies have requested investigations into Bitcoin. The investigations, to be carried out separately by the FBI and the US Department for Homeland Security (DHS), are to focus on the…
Read moreFXCM shares up despite news that two senior officers of FXCM recently sold most of their shares. Shares of publicly traded forex brokers continue to surge forward. On a day when stocks were generally down (Dow -0.7%, S&P500 -0.5%), leading forex broker FXCM continued its climb upward -- crossing the $19 line, setting an all-time…
Read moreHotspot FX still on a hot streak, but July volumes decline in line with its Forex ECN peers. After seeing its best-ever forex volume month in June, Forex ECN Hotspot FX reported that July volumes declined by 22%, to average $28.6 billion per day. The decline was basically in line with Hotspot's Forex ECN peers,…
Read moreAllows brokers to set up pop-up alerts and notifications right from inside the CRM. LeapRate has learned that leading Forex platform provider Leverate has added a built-in alert wizard to its LXCRM product for forex brokers, which allows brokers to effortlessly create new alerts, without any knowledge of coding or development. For example, if a client…
Read moreUS Retail Forex assets down 17% from the end of 2011. U.S. Retail Forex client asset data for June is now out, courtesy of the CFTC, and it shows the continuing shrinking of the US retail forex market. As per the table below, US retail forex client assets were down more than 1% in the…
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