November 09, 2012 BY Gerald Segal

FXCM confirms it is actively pursuing acquisitions

FXCM reports healthy Q3 results and Oct volumes, shares trade up. On its Q3 conference call yesterday (more on Q3 results below), in response to a question regarding what it plans to do with its growing (now $260 million) cash balance in addition to its $155 million credit line, FXCM confirmed that it is actively…

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November 09, 2012 BY Gerald Segal

MetaQuotes launches signal copy trading for MT4

Follows recent introduction of similar service to MT5. Thanks to CMAP for pointing out to us a recent posting on the MQL5 community blog, stating that copy trading of signal providers will be available soon on MT4. For more details see CMAP's posting. For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry…

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November 08, 2012 BY Gerald Segal

ICAP-EBS October FX volumes lowest since 2005

Looks like October was slow in the FX trading world. After reporting an improved September following a very slow summer, ICAP plc's forex ECN unit EBS reversed course and reported that daily FX volumes in October averaged only $92.6 billion -- its slowest month since 2005. Volatility has come back somewhat to the FX markets…

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November 08, 2012 BY Gerald Segal

FX Transaction Cost Analysis (TCA) product introduced by FXCSI

Offering is free, and allows FX traders to benchmark their results. Technology and Financial advisory firm FXCSI, has released a free post-trade FX Transition Cost Analysis ("TCA") tool, allowing users to quickly and easily generate their own FX TCA reporting. The tool is currently in alpha testing, heading to beta in December. According to Mark VanRoon,…

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November 07, 2012 BY Gerald Segal

FXCM deploying NY area employees to other offices

Benefit of being a truly international company. For many of us Hurricane Sandy is a distant memory, relegated to last week's news. But for those who have offices in the New York-New Jersey coastal areas, the storm will have both personal and business effects for quite a while to come. The neighborhood where FXCM has…

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November 06, 2012 BY Gerald Segal

FXCM wins (another) white label – Spain's GVC Gaesco

GVC Gaesco is a €2.4 billion asset management firm. Leading retail FX firm FXCM, the world's largest online FX broker (and a member of LeapRate's Approved List of global FX firms), announced today that it has signed another white label client in Europe, Spain's GVC Gaesco. GVC Gaesco is one of Spain's leading independent financial groups, with…

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November 06, 2012 BY Gerald Segal

Swissquote FX volumes up nicely in Q3

Swissquote also expanding to Malta, second office outside Switzerland. Leading Swiss online brokerage Swissquote (a member of LeapRate's Approved List of global Forex brokerage firms) announced today that FX volumes increased nicely in Q3 to average CHF 37 billion per month (or $38 billion), up more than 30% over Q2. This is a nice development to…

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November 06, 2012 BY Gerald Segal

Gain Capital (Forex.com) stock hits all-time low

Shares are more than 50% below Dec 2010 IPO price of $9. After reporting Q3 results last Thursday which we believed were not bad given the overall slow state of the FX sector over the summer, Gain Capital (Forex.com) shares (NYSE: GCAP) continued to drift lower on Monday, and at one point in trading fell…

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November 05, 2012 BY Gerald Segal

New Cyprus FX brokerage FXNet receives CySEC license

FXNet set up by former XEMarkets (TradingPoint) execs. Cyprus' securities regulator CySEC announced that it has granted a CIF (Cyprus Investment Firm) license to FXNet, an about-to-be-launched retail FX firm. FXNet is being formed by (among others) executives from XEMarkets, including Costas Kappai, formerly senior dealer at XEMarkets. [Editor's note -- see company comment below].…

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