Payback for EBS hiring Integral's co-founder Viral Tolat earlier this year??? Integral Development Corp., a leading provider of FX trading solutions and services, announced today that David Faulkner has joined the firm as global segment head, banks. Mr. Faulkner spent 9 years at EBS in various roles, lastly as Manager of Prime Brokerage. (He had…
Read moreMoving Yuan in and out of the country will be easier, and trading the Yuan should become easier. LeapRate Exclusive... China's State Administration of Foreign Exchange (SAFE) has posted (in Chinese only) that it will simplify FX regulations, creating an easier and more convenient environment for foreign investors to move money into and out of the…
Read moreMark Slade buys 200,000 LCG shares for about $114,000, to hold about 0.5% of the company. It wasn't a very large investment in terms of total cost, but with new London Capital Group CEO Mark Slade reporting that he was buying shares, investors on the LSE followed and bid up LCG's share price by 6%…
Read moreAs Bitcoin trading gains traction and more firms in the US want to offer products, regulatory bodies enter the mix. Courtesy of our friends at CFTCLaw.com..... The CFTC is now considering whether or not Bitcoin falls under its regulatory scope. Bart Chilton, Commissioner of the CFTC, was quoted in the Financial Times that Bitcoin “is for sure…
Read moreFour consecutive months of FX volume trading records at Alpari. As first reported by our friends at Forexbrokerz.com.... Global FX broker Alpari has reported its best ever month in April, with total group volumes coming in at $245 billion -- eclipsing Alpari's March volume of $238 billion and February's $237 billion. These stellar results come…
Read moreRetail FX brokerages set records in April, but Forex ECNs were mostly treading water. Continuing the mixed-results FX volumes trend for April we've seen so far at the CME Group (down 16%) and at ICAP EBS (up 7%), Thomson Reuters and its FXall unit each reported ho-hum FX volumes results for the month. Thomson Reuters…
Read moreFirst broker outside the UK to offer Tradable apps trading to clients. Tradable's trading apps store continues to roll. After we earlier reported that two FSA-regulated brokers, Tradenext and SVSFX, became the first brokers to support Tradable apps, now comes official word (see press release below) that Monex of Japan will be rolling out Tradable…
Read moreGain is finally beginning to see nice returns from its Gain GTX institutional business. We had already reported on Gain Capital's (nice!) Q1 results, which were pre-announced by Gain two weeks ago when Gain rejected FXCM's hostile takeover bid, and instead announced its own acquisition of GFT. Nevertheless, we did learn some new things about…
Read moreAs expected, FXCM reported healthy Q1 financial results. Well if you're a retail FX broker big or small, and you're not banging out record trading volumes during 2013, then something is wrong. Leading retail FX firm FXCM, the world's largest online FX broker (and a member of LeapRate's Approved List of global FX brokerage firms),…
Read moreJapanese based FX firms continued to see a burst of growth. After seeing leading Japanese FX broker GMO Click report record volumes in April, now comes word that the mid-size brokers in Japan are also doing well. The Monex Group of Japan has reported that spot FX volumes shot up 91% in April, to average ¥242…
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