... but parent Knight Capital continues its comeback from the August "glitch". Hotspot FX reported that volumes in its Forex ECN system fell in October to average $22.7 billion daily, down 12% from September's $25.8 billion -- and down 34% from last-year October's $34.2 billion. The October decrease is basically in line with what we…
Read moreUses LMAX Exchange for liquidity access. Trading platform provider PFSoft has announced that it is using LMAX's "LMAX Exchange" for access to institutional liquidity for its ProTrader 2 white label solution for FX brokers. For more details click here to see the full press release from PFSoft. For more on the global Forex industry see…
Read moreFXall surpasses ICAP-EBS as the #2 Forex ECN. It looks as though having Thomson Reuters as its parent company is paying dividends for FXall. The Forex ECN, which was acquired earlier this year by Thomson Reuters for $625 million, stopped reporting its monthly trading volumes after being taken private by Thomson Reuters. However recent filings…
Read moreClear pattern emerging of slow institutional, but decent retail volumes in October. Thomson Reuters announced their October FX ECN volumes at $120 billion per day -- 10% off September's $133 billion and 23% below last year October's $155 billion. Thomson Reuter's anemic October figures follow similar results we've seen already from other ECN / institutional…
Read moreFXCM reports healthy Q3 results and Oct volumes, shares trade up. On its Q3 conference call yesterday (more on Q3 results below), in response to a question regarding what it plans to do with its growing (now $260 million) cash balance in addition to its $155 million credit line, FXCM confirmed that it is actively…
Read moreFollows recent introduction of similar service to MT5. Thanks to CMAP for pointing out to us a recent posting on the MQL5 community blog, stating that copy trading of signal providers will be available soon on MT4. For more details see CMAP's posting. For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry…
Read moreLooks like October was slow in the FX trading world. After reporting an improved September following a very slow summer, ICAP plc's forex ECN unit EBS reversed course and reported that daily FX volumes in October averaged only $92.6 billion -- its slowest month since 2005. Volatility has come back somewhat to the FX markets…
Read moreOffering is free, and allows FX traders to benchmark their results. Technology and Financial advisory firm FXCSI, has released a free post-trade FX Transition Cost Analysis ("TCA") tool, allowing users to quickly and easily generate their own FX TCA reporting. The tool is currently in alpha testing, heading to beta in December. According to Mark VanRoon,…
Read moreBenefit of being a truly international company. For many of us Hurricane Sandy is a distant memory, relegated to last week's news. But for those who have offices in the New York-New Jersey coastal areas, the storm will have both personal and business effects for quite a while to come. The neighborhood where FXCM has…
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