November 27, 2012 BY Gerald Segal

Gain Capital's GTX signs Indonesia deal

GTX to provide technology and liquidity services for ICDX's new currency contracts. U.S. based Forex broker Gain Capital (Forex.com) announced that its institutional arm GTX has signed an agreement with the Indonesia Commodity and Derivatives Exchange (ICDX), the leading futures exchange in Indonesia, to provide trading technology and liquidity services for ICDX's new currency contracts. ICDX…

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November 26, 2012 BY Gerald Segal

Alpari making changes after volumes drop 40%

New management in the UK and the US for Alpari. Retail FX broker Alpari has made some changes in its senior management ranks, as it has seen volumes fall by about 40% in 2012. The major changes include: OUT - David Stuart, COO of Alpari UK in London, has left the company. Trading volumes in…

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November 21, 2012 BY Gerald Segal

Japan regulator instructs brokers to stop marketing Binary Options

Japan likely to regulate binaries beginning in the spring. LeapRate has learned that Japan's financial regulator JFSA has instructed regulated Japanese brokers to stop marketing binary option products to their customers, pending a regulatory review of the product by the JFSA. Binaries have become more popular in Japan the past two years, and the JFSA…

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November 20, 2012 BY Gerald Segal

LeapRate Retail FX Volume Index down slightly (1%) in October

Retail FX volumes flat, but institutional volumes very slow globally in October. LeapRate's Retail FX Volume Index, sponsored by Leverate, was fairly flat in October, with global retail FX trading activity down 1% to $177 billion per day. However this marks the fourth consecutive month where volumes remained well below last year's levels, with the year-over-year declines…

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November 19, 2012 BY Gerald Segal

Too many Forex ECNs?

Several newcomers, added to larger incumbents, all vying for falling volumes. As we've written recently, a number of Forex spot ECN aggregators have popped up in the past year, including tpSPOTDEAL (backed by Integral and Tullett Prebon), FastMatch (FXCM and Credit Suisse), traFXpure (Tradition), and MoltenFX. And this comes at a time when all the major established Forex ECNs…

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November 15, 2012 BY Gerald Segal

Hotspot FX volumes down 12% in October

... but parent Knight Capital continues its comeback from the August "glitch". Hotspot FX reported that volumes in its Forex ECN system fell in October to average $22.7 billion daily, down 12% from September's $25.8 billion -- and down 34% from last-year October's $34.2 billion. The October decrease is basically in line with what we…

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November 14, 2012 BY Gerald Segal

PFSoft launches white label solution

Uses LMAX Exchange for liquidity access. Trading platform provider PFSoft has announced that it is using LMAX's "LMAX Exchange" for access to institutional liquidity for its ProTrader 2 white label solution for FX brokers. For more details click here to see the full press release from PFSoft. For more on the global Forex industry see…

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November 13, 2012 BY Gerald Segal

FXall excelling under Thomson Reuters' ownership

FXall surpasses ICAP-EBS as the #2 Forex ECN. It looks as though having Thomson Reuters as its parent company is paying dividends for FXall. The Forex ECN, which was acquired earlier this year by Thomson Reuters for $625 million, stopped reporting its monthly trading volumes after being taken private by Thomson Reuters. However recent filings…

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November 12, 2012 BY Gerald Segal

Thomson Reuters October FX volumes down 10%

Clear pattern emerging of slow institutional, but decent retail volumes in October. Thomson Reuters announced their October FX ECN volumes at $120 billion per day -- 10% off September's $133 billion and 23% below last year October's $155 billion. Thomson Reuter's anemic October figures follow similar results we've seen already from other ECN / institutional…

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