Investors dumping LCG after takeover talks called off with City Index. After falling Tuesday by 19% upon announcing it was no longer in active talks to be taken over, London Capital Group ("LCG") saw its shares drop another 18% on Wednesday in trading on the London Stock Exchange. LCG shares now sit at £0.30, and actually…
Read moreHas EBS recaptured its lead in the Forex ECN business over rivals Thomson Reuters and FXall? ICAP's Forex ECN unit EBS reported February FX trading volumes at $149 billion (average daily volume for the month), up 5% from January and up 18% from last year February -- but still below the above-$150-billion-per-day levels EBS saw throughout…
Read moreWill Tradable challenge MetaTrader as the pan-broker trading platform of choice? FSA-regulated and Indian-owned FX broker Tradenext, itself a relative newcomer to the FX scene, has become the first FX broker to offer its clients the choice of trading with apps on Tradable FX app platform. Unlike other platforms, where traders are locked into using…
Read moreCity Index was apparently the last to withdraw from takeover talks. UK financial spreadbetting firm London Capital Group (or "LCG") announced today that it is no longer holding active talks with other parties regarding a takeover of the company. Previously, on February 12, LCG had stated that it had received approaches from several firms including…
Read moreFXPN signs its first Binaries broker, Zone Options. Leverate's FXPN (FX Partners Network) has announced that it has added the first Binary Options brand to its affiliate program, namely Zone Options. FXPN gives partners (i.e. affiliate marketers) a wide variety of premium brands to promote using a single interface, along with marketing tools to help…
Read moreLooks like February was another blowout month in the electronic FX trading world. CME Group, which runs the world's largest derivatives marketplace, announced that FX contract volumes (mainly Eurodollar futures contracts) in its system were up by 19% in February from January, and up 26% from last year February, to an average of 1,067,000 contracts…
Read moreGMO Click did $845 billion of spot FX volume in February, an all-time record for a retail FX brokerage firm. It has been just a few weeks since we reported that GMO Click Securities reported record volumes for any month in its history, with ¥68 trillion (or $756 billion) transacted by its clients during January. Well,…
Read moreIs this ESMA's way of indicating it plans to tighten rules for CFD trading? The EU's financial markets regulator, ESMA (the European Securities and Markets Authority), has issued a somewhat strange and "plain-vanilla" sounding warning against CFD trading by retail investors. The ESMA warning on CFD trading states that ESMA is concerned that "during the current…
Read moreDukascopy signs up Turkey's largest broker, Integral Menkul Değerler, as a White Label client. Turkey continues to be one of the hottest FX markets out there. Today comes word that Switzerland's Dukascopy has signed Turkey's İntegral Menkul Değerler, the largest broker in Turkey, as a white label client. İntegral Menkul will be launching an online FX business in…
Read moreMarketSpreads to expand its offerings for traders, investors, and corporates. LeapRate has learned that Ireland-based financial spreadbetting broker MarketSpreads will be rebranding, effective already next week, under its new name Shelbourne Markets. The strategy behind the name change seems quite obvious -- the company will be expanding from spreadbetting to other areas of financial trading,…
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