Gerald Segal
LeapRate Analyst
January 15, 2014 BY Gerald Segal

Monex makes TradeStation available to its Japanese customers

Platform features are fully available for Japanese retail investors with a downloadable version The Japanese subsidiary of Monex Group, Inc. has released a press release announcing the launch of its own TradeStation platform for Japanese retail investors. Up until now it was available only to their clients of US based TradeStation Securities and TradeStation Technologies…

Read more
January 15, 2014 BY Gerald Segal

Deutsche Bank preemptively suspends a forex dealer

 Internal investigation is suspecting benchmark manipulation of Argentinian Peso rates Deutsche Bank is the latest amongst heavyweight players in the foreign exchange industry that is parting with a trader on suspicion that benchmark forex rates have been manipulated. Sources close to the German daily newspaper die Welt have reported that the currency trader worked in…

Read more
January 14, 2014 BY Gerald Segal

CFTC fines Introducing Broker $50,000 for failed record keeping

New World Holdings destroyed business records and failed to diligently supervise employees Chicago based introducing broker New World Holdings (NWH) has been imposed a fine by the US Commodity Futures trading commission as it failed to keep proper records of its customers and neglected employee supervision. The monetary penalty amounts to $50,000 while the court…

Read more
January 14, 2014 BY Gerald Segal

Is eBay about to introduce its own version of Bitcoin?

We need a payment systems revolution and Bitcoin is part of the solution, Paypal could be jumping on the bandwagon Forget about copycats that are trying to take away the crown of Bitcoin amongst digital currencies – forget about the satiric ambitions of Dogecoin (yes, really...) and the daring Coinye (formerly Coinye West...). If you…

Read more
January 14, 2014 BY Gerald Segal

IG Group Q2 Revenues down 5%, MT4 adoption called 'slow'

IG is eyeing the opening of a Switzerland office in 2014. UK spreadbetting leader IG Group (LON:IGG), which is in process of rebranding its businesses to just IG.com, has just reported its second consecutive quarterly decline in revenues. Fiscal 2014 Q2 revenue of £89.1 million came in at 5% below Q1, with Q1 having been 10%…

Read more
January 14, 2014 BY Gerald Segal

US retail forex brokers continue to bleed client assets

CFTC monthly November data show a further 4% decline in client assets held by US forex brokers. (Over-) regulation continues to take its toll in the US retail FX business. CFTC's just-released November data showed continued erosion of assets held by US retail FX traders at their brokers. This wasn't a case of clients migrating…

Read more
January 13, 2014 BY Gerald Segal

FXCM ends a solid 2013 with a mild 12% drop in December volumes

Overall, FXCM retail volumes were up 14% and institutional volumes 72% (!!) in 2013. Leading retail forex broker FXCM closed the books on a very strong 2013 with (not unexpectedly) weaker December volumes metrics. Seasonally slow December came in at $272 billion retail volumes (down 12% from November) and $146 billion institutional volumes (down 24%).…

Read more