ICAP Notes rated investment grade BBB/Baa2 by S&P/Moody’s, yield 3.2% One of the leading global electronic brokers, ICAP (LON:IAP), is about to issue €325 million ($481 million) of five-year notes related to its latest refinancing operation. The Euro denominated 5-year notes will be listed on the London Stock Exchange on the 6th of March with…
Read moreRegulatory action risks to squeeze big banks' profit margins from FX, but bringing increased transparency and likely more volumes A report in Monday’s edition of the Financial Times outlines an accelerating shift that is occurring within the FX markets industry during the past couple of months. Yes, we are talking about electronic dealing finally arriving…
Read moreThe upward trend pauses, figures lower by 28% over last year FX contracts volumes traded on the CME Group have dipped lower by 7% in the month of February to 769,000 contracts daily. That marks a break in a rising trend that we have observed since October of last year. The average daily notional value…
Read moreRevenues growing steadily, with the bottom line subdued due to one-off costs related to the acquisition, shares drop 4% Since the official takeover of MIG Bank back in September 2013, FX trading volumes have increased their share of revenues drastically. Trading volumes at Swissquote after the acquisition have risen by a whopping 200.9% to CHF…
Read moreRussian Forex regultor trying to get leverage limit of 50:1 and advertising scrutiny put into law. First deputy governor of the Russian Central Bank, Serguey Shvetsov is on the newswires with an announcement that the second vote on the forex regulation bill in Russian Parliament is now imminent. The bill will introduce caps on leverage…
Read moreRussian Government to clamp down on retail forex trading with Serguey Shvetsov at the helm
Read moreYear-on-year growth still quite strong with daily average revenue trades rising by 19% One of the leading electronic brokerages in the US, Interactive Brokers, has reported its monthly volume metrics for February. The theme appears to be flat over last month’s figures with the Daily Average Revenue Trades (DARTs) consolidating around 581,000, which is higher…
Read moreKen Harvey succeeds Gerard Hartsink, who served as CLS Chairman for seven years. Institutional FX settlement risk company CLS has today announced the appointment of Ken Harvey to the position of Chairman of the Board of Directors. Mr. Harvey, who has held independent membership of the CLS Board of Directors since 2012, supersedes industry veteran…
Read moreAbshire-Smith clients can also trade on the MT4 and Straticator DMA platforms UK regulated forex brokerage Abshire-Smith has launched the latest version of Hybrid Solutions’ VertexFX platform to their clients. According to the press release issued on the matter the brokerage itself is one of the liquidity providers for the trading platform that combined bank…
Read moreUnsurprisingly, increased trading activity is directly related to Ukrainian turmoil Volumes of FX contracts that shook hands in the month of February has spiked to an all-time high of RUB 17.8 trillion ($489 billion) in the month of February. That is higher by more than 35% over last month's figures. Volume metrics were affected by…
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