February 13, 2014 BY Gerald Segal

NFA introduces additional reporting for forex dealers

Additional quarterly and monthly reports will be required by all US based Forex Dealer Members Starting from February 28th all Forex Dealer Members (FDMs) operating within the US will be required to file additional reports to the National Futures Association. Changes are aimed at providing further transparency to the foreign exchange market. All FDMs will…

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February 13, 2014 BY Gerald Segal

Citi and JP Morgan join electronic trading platform ParFX

ECN liquidity at ParFX is deepening further with the total of founder banks rising to 14 Global interdealer brokerage Tradition’s spot FX trading platform ParFX has gotten on board another two top tier banks as founders to further deepen forex liquidity within its offering. Citi and JP Morgan are the latest additions to the newest…

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February 12, 2014 BY Gerald Segal

Boston Technologies reports 2013 Revenues of $20.5 million

Year-on-year growth pace has totaled 38%, revenues went up more than 8 times since 2009 The company behind some of the leading software solutions for institutional and retail FX brokerage companies, Boston Technologies, has released an expanded set of metrics detailing the firm’s 2013 figures. Revenue has grown by 38% from $14.8 million in 2012…

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February 11, 2014 BY Gerald Segal

INTL FCStone Q1 revenues down 10% from last year

FX is one of the bright spots growing by 13% throughout 2013 New-York based and NASDAQ listed brokerage and risk management advisor INTL FCStone (NASDAQ:INTL) has reported its financial results for the first quarter of 2014 that ended on December 31. Operating revenues were lower than a year ago by 10% coming out at $113.4…

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February 11, 2014 BY Gerald Segal

FXCM January volumes up 26%

Highest volume metrics numbers since July could be spelling more growth ahead One of the market leaders when we talk about forex brokerages - FXCM (NYSE:FXCM), has reported on the state of its order books in the first month of 2014 and the results are rather steady. Retail FX volumes at the brokerage were up…

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