Leverate shares data from a recent client installation. Forex software platform provider Leverate announced today that its Sirix social platform, at an unnamed FX broker client, resulted in 1.5 million client visits (over a month), 240,000 trades, and a 55% increase in the time traders spent in the environment. Leverate also pointed out the importance of…
Read moreWill trading apps replace traditional trading platforms? Denmark-based trading apps provider tradable announced that its trading apps platform -- which now is in working beta testing with six FSA-regulated, UK-based brokerages -- now links to Citi's CitiFX TradeStream. It is unlikely that platform providers such as MetaQuotes are shaking in their boots, worrying that traders…
Read moreIG Group continues to grow its market share in its key markets. Although overall activity remains well below last year's levels across all of its key markets -- similar to trends we see worldwide -- leading UK-based online trading firm IG Group continues to increase market share, reporting Q2 activity (quarter ended Nov 30, 2012)…
Read moreNew Betfair CEO taking the axe to many parts of the business. An interesting article in this weekend's Sunday Times speculated that new Betfair CEO Breon Corcoran was going to use the company's half-year results announcement this coming Thursday to outline an overhaul of many parts of the business, and cost cutting measures -- and a…
Read moreBloomberg and Tradable launching financial apps stores. As the rest of the world goes mobile, and gets used to doing things online via specialized apps -- everything from checking the weather, to avoiding traffic and playing poker -- the financial trading world is finally catching up. We recently wrote about how, after several years of…
Read moreNFA using clear bully tactics against FXDD. The NFA has announced what it is calling "emergency enforcement action" against FXDD, forcing the retail Forex dealer (and U.S.-regulated NFA member) to place $3.3 million in escrow pending the outcome of NFA charges surrounding (mainly) price slippage. Some background -- beginning last year, the NFA went after…
Read moreBecoming clear why Thomson Reuters bought FXall. Divergent results from Thomson Reuters and its recently-acquired subsidiary FXall in November. Thomson Reuters saw its November FX volumes drop by 8% to $111 billion (average daily volume during the month), while FXall rose slightly, by 1%, to $95 billion. Thomson Reuters' volumes remain more than 25% below…
Read moreBut poor planning left GFT's clients unable to trade for several days. If this story sounds like a poorly scripted one to you, then you're probably right. Just three days after GFT dropped the surprise that it is abandoning the U.S. retail FX market -- thereby putting its clients in a position-closing-only basis -- now comes…
Read moreNovember FX trading volume data looking good so far... After in October reporting its slowest trading month since 2005, and losing the #2 spot in the Forex ECN market to FXall, ICAP's EBS unit announced that November's daily FX volumes in November rose by 12% to average $103.8 billion. While nicely up over October, EBS's volumes…
Read moreLooks like the risk-on / risk-off volatility in November helped drive FX volumes. 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 9% in November from October levels to an average of 775,000 contracts daily. It looks like the U.S. election-driven…
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