All the major Forex ECNs saw a down month, except FXall. Similar to what we've already seen at Forex ECNs EBS and Thomson Reuters, March volumes decreased somewhat at Knight Capital's Hotspot FX after a quick start to the year in January and February. Among the major ECNs only FXall -- holding flat at $110…
Read moreDavid Frank joins LeapRate from AvaFX and Goldman Sachs. LeapRate is pleased to announce the hiring of David Frank as our new Forex News Editor. David will be responsible for all content creation at LeapRate, and for expanding our coverage of Forex industry related news and analysis. "We are fortunate to have someone of David's…
Read moreMarketsPulse reports that 30% of Binary trades in its system were on mobile apps in February, up four-fold from last year. It seems as if Binary traders really like their mobile devices. Binary platform provider MarketsPulse has reported that in February more than 30% of Binary Options trades among its clients were completed via mobile…
Read moreThe leading annual FX and online trading Expo in China. A reminder to our readers, that the annual CIOT EXPO for 2013 will be taking place this weekend (Saturday and Sunday) in Shenzhen, China, at the Shenzhen Grand Theater. For more information on speakers and the agenda, or if you'd like to register for the…
Read moreMt Gox, which handles 80% of Bitcoin trades, sees its trade engine freeze as interest in Bitcoin soars. Well this didn't take long. Just hours after we reported that Bitcoin prices were crashing after a fast and frenzied run up from $25 to over $200 in just two months, comes word that Mt Gox --…
Read moreBiggest drop was at Interactive Brokers, which dropped 22%. U.S. Retail Forex client asset data for the month of February is now out, and there weren't really any big surprises: Overall, U.S. Retail Forex assets dropped 2% from January to $641.6 million, and are down 15% from last year as the U.S. retail FX sector…
Read moreBit4X on MetaTrader; Coinsetter raises $500K; but when will the Bitcoin hit the "mainstream" retail FX world? The online virtual currency Bitcoin went on a wild roller coaster ride the past 24 hours, rising to hit a value of $266 then falling to a low of $105, before settling (at the time of this writing)…
Read moreThe Gain Capital (Forex.com) board puts in place a controversial "Shareholder Rights Plan". Well this certainly didn't take long -- and should confirm to our readers what we wrote yesterday, namely that FXCM-Gain Capital friendly discussions had been going on behind the scenes for quite some time between FXCM and Gain Capital management, before breaking down,…
Read moreAmounts to a small slap on the wrist for Interactive Brokers, but shows the CFTC is cracking down on safety-of-client-fund issues. The CFTC has assessed a $225,000 fine against Interactive Brokers (Nasdaq:IBKR), a leading U.S.-based online brokerage which also is the #5 retail FX brokerage in the U.S. The CFTC cited Interactive Brokers for: failing to…
Read moreCFTC orders those named to pay $750,000, and imposes permanent trading and registration bans. The CFTC has ordered Barry Sendach of Boca Raton, FL and Joshua Kershner of Boynton Beach, FL, and their Boca Raton-based company Forex Global Solutions to pay a $750,000 fine for fraudulently soliciting customers to trade FX, and for violating CFTC registration requirements.…
Read more