Alpari's last report of monthly volumes in November 2010 was $160 billion. Retail FX broker Alpari, which along with FX Club dominates the Russian FX market but also operates worldwide, held a press conference last week in Moscow and released some operating and financial data. The key metrics reviewed include: Monthly volumes in 2012 have…
Read moreAdvocates broker disclosure of Balance Sheet and Income Statement. LeapRate Exclusive -- LeapRate has learned that FXCM, the world's largest retail FX brokerage (and a member of LeapRate's Approved List of global FX firms) , has written a formal letter to the CFTC, encouraging the CFTC to implement several changes in its regulation of futures…
Read moreWill Hotspot FX soon have a new owner? Hotspot FX reported that volumes in its Forex ECN system fell in November to average $21.6 billion daily, down 5% from October's $22.7 billion -- and down 22% from last-year November's $27.9 billion. What's been interesting most of our readers though, it seems, is the future of…
Read moreLeverate shares data from a recent client installation. Forex software platform provider Leverate announced today that its Sirix social platform, at an unnamed FX broker client, resulted in 1.5 million client visits (over a month), 240,000 trades, and a 55% increase in the time traders spent in the environment. Leverate also pointed out the importance of…
Read moreWill trading apps replace traditional trading platforms? Denmark-based trading apps provider tradable announced that its trading apps platform -- which now is in working beta testing with six FSA-regulated, UK-based brokerages -- now links to Citi's CitiFX TradeStream. It is unlikely that platform providers such as MetaQuotes are shaking in their boots, worrying that traders…
Read moreIG Group continues to grow its market share in its key markets. Although overall activity remains well below last year's levels across all of its key markets -- similar to trends we see worldwide -- leading UK-based online trading firm IG Group continues to increase market share, reporting Q2 activity (quarter ended Nov 30, 2012)…
Read moreNew Betfair CEO taking the axe to many parts of the business. An interesting article in this weekend's Sunday Times speculated that new Betfair CEO Breon Corcoran was going to use the company's half-year results announcement this coming Thursday to outline an overhaul of many parts of the business, and cost cutting measures -- and a…
Read moreBloomberg and Tradable launching financial apps stores. As the rest of the world goes mobile, and gets used to doing things online via specialized apps -- everything from checking the weather, to avoiding traffic and playing poker -- the financial trading world is finally catching up. We recently wrote about how, after several years of…
Read moreNFA using clear bully tactics against FXDD. The NFA has announced what it is calling "emergency enforcement action" against FXDD, forcing the retail Forex dealer (and U.S.-regulated NFA member) to place $3.3 million in escrow pending the outcome of NFA charges surrounding (mainly) price slippage. Some background -- beginning last year, the NFA went after…
Read moreBecoming clear why Thomson Reuters bought FXall. Divergent results from Thomson Reuters and its recently-acquired subsidiary FXall in November. Thomson Reuters saw its November FX volumes drop by 8% to $111 billion (average daily volume during the month), while FXall rose slightly, by 1%, to $95 billion. Thomson Reuters' volumes remain more than 25% below…
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