Bloomberg claims that alternative Forex ECN ParFX was approached by banks asking if its technology could be applied to other asset classes. Interesting article today on Bloomberg we'd like to make our readers aware of, on the trouble big players in the currency markets have been having with high frequency trading -- which make up 30-35%…
Read moreCredit Suisse says everything normal with FX trades, will investigations agree? Following their own internally conducted review, Credit Suisse (NYSE:CS) states on Wednesday that it has not found anything "materially untoward" in how it trades foreign currencies, the bank's finance chief David Mathers said on Wednesday following the publication of its first-quarter results. The bank…
Read moreBuy, buy, buy! JP Morgan crosses 10% ownership stake in Plus500 In continued bullish fervor, JP Morgan crossed over 10% in ownership stake of Plus500 (LON:PLUS). Just last Friday, JPMorgan had increased its interest in Plus500 to 6.8%. Also, reported several weeks ago JPMorgan had hit a 4% holding in Plus500. Does the steady pace…
Read moreFX to be a topic at the 2nd annual summit hosted by Reuters in May Thomson Reuters announced the 2nd Australian Regulatory Summit will be hosted in Sydney on May 13, 2014, with support from the Australia Securities and Investments Commission (ASIC), Australian Prudential Regulation Authority (APRA), The Office of The Privacy Commissioner, Hong Kong…
Read moreFXCM's retail FX volume metrics of $290 billion and institutional $200 billion mark a strong month for FXCM. Industry-leading retail forex broker FXCM (NYSE:FXCM) reported that in March it saw retail FX trading volumes of $290 billion, down 5% from February, but made up for it with its second strongest ever showing among institutional traders,…
Read moreKCG's Forex ECN unit KCG Hotspot has another good month, FX trading volumes up 6% over February and 18% over last year. The first quarter has ended with a bang for the world's leading Forex ECNs. After seeing ICAP's EBS and Thomson Reuters' FXall show nice rises over February levels including an all-time high at…
Read moreBinary firm chooses to move ahead unregulated, how will traders react? In an official announcement from CySEC binary option brand Trading247 has decided to opt out of any sort of regulation. The license now in question was granted to Trading247.com’s parent Magline Investments Ltd. Some binary options brokers are apparently coming to the decision that…
Read moreOn a day equity markets were down big, CFD broker Plus500 sets another all-time high. FCA regulated CFD broker Plus500 (LON:PLUS) continues to be a darling of the London Stock Exchange. Plus500 shares traded up 3.6% on Thursday, briefly crossing the £7.00 mark for the first time before settling to close at £6.98. At its current share…
Read moreThe broker will offer DMA to IEX on its award-winning online trading platform, SaxoTrader Saxo Bank is the first retail broker in Europe to offer access to IEX, an alternative trading system (ATS) which focuses on investor protection and performance by resisting high frequency trading. Access to IEX on Saxo Bank's platform went live on…
Read moreVolume is looking quite healthy for GAIN Capital... Gain Capital has issued their March monthly metrics today in a press release with jumps in m/m and y/y data, you can view the numbers below: Retail metrics Retail OTC trading volume of $184.6 billion, an increase of 9.0% from February 2014 and an increase of 31.1%…
Read more