Four 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…
Read moreAds and landing pages have been popping up with "We're not in Cyprus" type ads. Forex brokerages (at least some) had been known years ago, rightly or wrongly, for advertising which goes beyond 'aggressive' and borders on 'offensive'. Well it seems as if some of that type of advertising is back in vogue, following the…
Read moreNew rules would have called for FX prime brokers to submit pre-trade mid-market quote and risk disclosures. Courtesy of our friends at CFTCLaw.com... The CFTC has apparently given last-minute relief from its new client disclosure rules (which came into effect on May 1) to FX Prime Brokers, after listening to complaints that the market could be…
Read moreThis is not David Prescott's, aka David Weeks, first run-in with securities regulators. The CFTC has announced that the U.S. District Court for the Eastern District of Wisconsin issued an Order freezing the assets of David Prescott and his business Cambridge Currency Partners. A hearing on the matter is set to take place next week. The order…
Read moreCoinLab takes Mt. Gox to Court for $75 million as the race to lead the Bitcoin revolution heats up. In February a joint venture between leading Bitcoin exchange Mt. Gox, and CoinLab -- which bills itself as the first U.S. venture-backed Bitcoin company -- was announced. The plan was for CoinLab to take over Mt. Gox’s Bitcoin operations…
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