Gain's share price is down 20% since deciding to go it alone. Gain Capital (Forex.com) continues to see its share price plummet. Since Gain announced they would be buying GFT and rejected the takeover bid from FXCM, shareholders of Gain have seen their share price slide by 20%, back basically to where they sat when…
Read moreThe credibility boost Bitcoin has been looking for could be around the corner thanks to major e-tailers eBay and Amazon. In an interview with the Wall Street Journal, eBay CEO John Donahoe stated that they are exploring ways to integrate Bitcoin into the PayPal payments network -- i.e. allow people to send and accept Bitcoin payments on…
Read moreJust 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…
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