... and the bank sees a great start to 2013. Saxo Bank, one of the world's leading retail FX brokerage firms (and a member of LeapRate's Approved List), reported its 2012 full year results yesterday. While founders and co-CEOs Lars Seier Christensen and Kim Fournais, who recently re-took over the top management roles at the company,…
Read moreGain Capital also faces shrinking margins in its key retail FX business. U.S.-based retail Forex broker Gain Capital (Forex.com) reported its Q4 results today, and they were not pretty. Gain reported its largest quarterly net loss as a public company, $4 million (left chart below), and an EBITDA loss of $5 million, also a quarterly…
Read moreAlpari Group worldwide volumes exceeded $230 billion in February, a new record for the company. Global FX broker Alpari has joined a list of FX brokers and ECNs reporting strong or even record results of late. Alpari reported that its FX trading volumes for February exceeded $230 billion -- a record month for the company. that…
Read moreRevenue and volumes up in every region worldwide. IG Group, the UK's leading financial spreadbetting company, announced that in its Q3-2013 (for the quarter ended February 28, 2013 -- IG has a May year-end) revenues and activity were up nicely in double-digit percent across all of its major regions -- its home market of the…
Read moreIs this the catalyst for other Forex brokers (Saxo Bank, Alpari, Oanda, FxPro???) looking to go public? Leading global retail FX broker FXCM, a member of LeapRate's Approved List of regulated FX brokers, hit a major milestone on Monday when its share price on the NYSE rose to exceed its December 2010 IPO price for…
Read moreNumber and quality of liquidity sources becoming increasingly important, as margins narrow in FX. FX platform provider PFSOFT and international derivatives broker Sucden Financial have announced that FX Liquidity from Sucden Financial will now be offered via the PFSOFT Protrader multi-asset trading platform. In addition, Sucden Financial can offer access to futures, equities and CFDs,…
Read moreIG Group hires Declan Bourke, former Head of UK at CMC Markets. LeapRate has learned that UK spreadbetting giant IG Group has opened an office in Dublin, Ireland. After IG's competitor CMC Markets closed down their Ireland office last year, IG Group took the opportunity to hire CMC's Ireland country manager Declan Bourke to open…
Read moreFXall sets another record for best-ever month, but ICAP's EBS retains #1 Forex ECN crown. A two-month rally in January-February FX trading volumes has continued, with FXall ($110 billion average daily volume) and its parent company Thomson Reuters ($137 billion) each reporting nice up-months (see charts below). Nevertheless, neither company could surpass the $149 billion…
Read moreInstitutional revenues and margins continue to improve, and become a bigger part of the picture at FXCM. 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), announced its February trading activity levels as well as Q4-2012 results, with both impressing. (Although the…
Read moreAvaTrade will continue to use Dukascopy's JForex platform for those clients, and potentially others. Stay tuned to LeapRate for the real story-behind-the-story in the FX world..... Dukascopy today announced a partnership with Ava Trade Japan (the Japan division of global FX brokerage firm AvaFX, a member of LeapRate's Approved List), whereby the JForex Platform will be available…
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