First peek at what looks like a good month for FX volumes. CME Group, which runs the world's largest derivatives marketplace, announced that FX contract volumes (mainly Eurodollar futures contracts) in its system were up by 42% in September from August to an average of 1.035 million contracts daily. That growth though is somewhat misleading,…
Read moreBarclays will white label FXCM for retail FX. LeapRate Exclusive: One overlooked item from last week's announcement that Barclays will be white-labelling FXCM for its retail FX offering (to be offered in the UK only) was that Barclays ended its previous partnership with Integral in favor of the new one with FXCM. Barclays' statement on…
Read moreHotspot FX would likely fetch $150-200 million. In comments made to reporters on the sidelines of a Security Traders Association conference on Friday, and reported by Reuters, Knight Capital CEO Tom Joyce said that the company is unlikely to shed any of its major business units -- which include Forex ECN Hotspot FX -- as Knight looks…
Read moreLow Volatility + Vacation = Slow Summer for FX trading. LeapRate's Retail FX Volume Index, sponsored by Leverate, fell by 5% in August to $167 billion per day from $175 billion in July. Note that July's figures were off 10.5% from $196 billion daily in June. August's figures represented the slowest month for FX trading in 2012…
Read moreGaitame only doing about $30 billion of monthly volume / $28M annualized revenue. Swiss-exchange listed Compagnie Financière Tradition SA (or "Tradition"), controlled by France's Viel & Cie, owns 49.5% of Gaitame, one of the largest Japanese Forex firms. In its 2012 first half results release, Tradition reported that revenue at Gaitame fell by 4% in…
Read moreAdds Stock Index Trading.
Read moreRaises questions as to what CFTC and NFA regulators actually do.
Read moreFxPro becomes one of the largest FX brokers to convert fully to ECN trading.
Read moreBecomes obvious why Thomson Reuters is acquiring FXall.
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