Just GMO Click? Just Japan? Or were retail FX volume records broken worldwide? GMO Click, the largest Japanese retail FX broker, has just reported an absolutely astounding month of April. Volumes at GMO Click hit ¥89.5 trillion in April, or $913 billion for the month -- an all-time record not just for GMO Click, but for…
Read moreYen volatility continues to increase with record setting volume numbers. The Tokyo Financial exchange has reported that Total Click 365 FX trading volume jumped over 39% in April to 6,963,833 units. Year-to-date volume is up now up over 30% from last year. Numbers across the board for Yen trading pairs are up with the CHF/JPY…
Read moreOne of the first Pacific Rim FX brokerage firms to expand abroad. As a correction to our previous story regarding Monex Japan, it was actually Monex Indonesia, another (unrelated) mid-sized Forex brokerage firm, which received its CySEC 'CIF' license to begin Forex trading operations out of Cyprus. (Our apologies to our friends at the Monex…
Read moreGaitame's parent company Tradition sees some improvement this year, however, as volumes pick up. Earlier today, interdealer broker Compagnie Financière Tradition (or just "Tradition") released its 2012 Annual Report. Among the nuggets of information was a note that Gaitame, a mid-size retail FX broker in Japan in which Tradition holds a 49% stake, saw a…
Read moreIntegral reports it is the first company to meet an important pricing compliance requirement for the CFTC's EBCS. Integral Development Corp., a leading provider of FX trading solutions and services, has announced that they have upgraded their service to meet the two most prominent requirements of the External Business Conduct Standards (EBCS) just before the…
Read moreX3 Open Hub now offers the option to now connect to leading liquidity provider FXCM. X Financial Solutions Limited, a leading technology provider to foreign exchange brokerages and banks, has announced it is partnering with global Forex leader FXCM to integrate the newly launched X3 Open Hub solution with FXCM's liquidity. X Financial Solutions recently…
Read moreAlex Hope and Raj Von Badlo charged with defrauding investors £5 million. The FCA has charged Alex Hope of Docklands, London and Raj Von Badlo of Bourne End, Buckinghamshire with 10 offences relating to a Forex investment scheme they operated. The FCA has alleged they both bilked over £5 million from investors. The charges come…
Read moreConsolidation is hitting not just the FX brokerage sector, but also those who sell technology solutions to it. Congratulations to our friend Stephen Leahy and his staff at CMAP -- CMAP has been as advertiser with LeapRate since Day One here -- on CMAP's acquisition by oneZero Financial Systems. CMAP and oneZero have been cooperating…
Read moreLeverage limited to 4x. Plus500 joins IG as the only 'real' online brokers offering leveraged Bitcoin trading. After we reported last week that IG Group became the first online broker to offer binary options trading on Bitcoin, now comes word that Plus500, a medium-sized UK-based Forex broker, is becoming the first Forex broker to offer…
Read moreEBS's move is meant to remove advantages enjoyed by high-speed, high-frequency traders. The Forex ECN wars are officially on! Just a few days after we reported the launch of Tradition's new Forex ECN called ParFX, comes word that ICAP's EBS is making a major change to the way it handles incoming orders. The change --…
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