Gerald Segal
LeapRate Analyst
November 08, 2013 BY Gerald Segal

ICAP and Interactive Data Corporation collaborate for OTC data distribution

The alliance will bring more transparency and better liquidity provision in OTC transactions Interdealer broker ICAP (LON:IAP) has just announced that it is teaming up with Interactive Data Corporation, which is a top provider of low latency market data, to form an alliance aiming to ease and provide better access for risk-managers and institutional clients…

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November 08, 2013 BY Gerald Segal

FXCM trades down 8% after releasing Q3 results

Lower revenues and profits should not have been a surprise, however market was spooked somewhat by FXCM's $15 million regulatory reserve. Leading forex broker FXCM ( NYSE:FXCM ) saw its shares dive by 8% on Thursday after FXCM reported Q3 results earlier in the day. While FXCM's financials were somewhat disappointing -- revenues down 19%…

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November 07, 2013 BY Gerald Segal

LCH.Clearnet launches buy-side clearing of FX derivatives

The new service will initially offer FX NDFs out to two years for buy-side clients, via three FCMs. Clearing specialist LCH.Clearnet announced today that it is expanding its ForexClear FX derivatives clearing service with the launch of a new offering for buy-side clients. ForexClear is now available to buy-side clients through one of three Futures Commission…

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November 07, 2013 BY Gerald Segal

CFH Clearing has selected FXecosystem Inc, to ease liquidity provision

The move will provide more ample liquidity and lower latencies to clients Institutional forex brokerage CFH Clearing, has announced an agreement with FXecosystem that strengthens its ability to offer a wider range of liquidity providers to its clients. The FXecosystem delievers a single point of contact to various types of liquidity providers – banks, ECN’s…

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November 07, 2013 BY Gerald Segal

FXCM Q3 revenues down 19%, EBITDA down 39%

However October saw a nice 5% pickup in volume metrics at FXCM to $491 billion. Leading retail FX firm FXCM, (NYSE:FXCM),  the world's largest online FX broker (and a member of LeapRate's Approved List of global regulated forex brokerage firms), announced its October trading activity levels as well as Q3-2012 results today. As expected, with FXCM seeing…

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November 07, 2013 BY Gerald Segal

AlphaMetrix has $700 mln frozen

The CFTC states that the company misappropriated funds belonging to commodity pools and sent false or misleading account statements AlphaMetrix, which was ironically marketed to investors as a safe-house against the likes of Bernie Madoff, finds itself in some hot waters. Based in Chicago, the US company provides customers with opportunities to invest in futures…

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November 07, 2013 BY Gerald Segal

Twitter prices IPO at $14.2B valuation, greymarket still at $21-23B

Twitter (NYSE:TWTR) will need to trade up more than 60% on Thursday for greymarket traders to make money. Retail forex brokers plan to make a lot of money around Twitter's IPO and the event of Twitter becoming a public company. But how about the Twitter greymarket traders? After many months of anticipation and (seemingly endless) talk…

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