Forex is one of the few areas where big banks and Wall Street firms are hiring. Apparently growing forex volumes and great results posted in the forex trading sector in the first half of 2013 has not gone unnoticed by big banks. Reuters reports that Wall Street brokerage firms and global banks have been snapping up…
Read moreKCG's Q2 figures also make apparent what drove Getco to buy KCG. The newly-merged Getco and Knight Capital (parent of Forex ECN Hotspot FX) -- now called KCG -- announced results for its first quarter as a merged company on Wednesday, although results were presented separately for Knight Capital and Getco, presumably for the last time.…
Read moreMarks the fifth global office for Leverate. Leading Forex platform provider Leverate has announced the opening on a new R&D center in Kiev, Ukraine, to open at the end of August. The office will be headed by Yossi Roash, who spent the last year as VP Affiliate Business at Leverate. The Kiev office will focus initially…
Read more... and these don't yet include the results of GFT, as the Gain acquisition of GFT has not yet closed. Forex broker Gain Capital, which operates the retail Forex.com and institutional Gain GTX brands, reported Q2 results which were simply 'out of the park'. Gain reported its best ever quarter for revenues, EBITDA, and net…
Read moreFXCM July Forex volumes remain steady, unlike the double-digit declines we've seen at the Forex ECNs. Leading retail FX firm FXCM, the world's largest online FX broker (and a member of LeapRate's Approved List of global regulated forex brokerage firms), announced its July trading activity levels as well as Q2-2012 results, with both impressing. July…
Read moreLMAX also set to launch an institutional trading venue with 'no last look', aimed at high frequency traders. In a recent interview with LMAX CEO David Mercer posted on the LMAX website, LMAX reported some very interesting developments in its business. On the volume side of things -- the lifeblood of any forex broker, retail…
Read moreHowever on a relative basis both did much better than Forex ECN rival EBS. But why? After setting volume records in June, Thomson Reuters FX and its still-separately-run subsidiary FXall reported forex volume slowdowns in July. Thomson Reuters FX came in at $114 billion daily in July, off 22% from June's $147 billion, and FXall…
Read moreHowever Mt Gox reports major IT and banking upgrades are on the way. Those in the retail forex world -- who know the importance of immediate deposits and providing the immediate ability to trade once a client decides to deposit money to his/her account -- will understand how serious an issue has been at play…
Read moreBitcoin trading will be available with up to 5x leverage on both AvaTrader and AvaTrade's MT4. With Bitcoin prices settling into a much more normal trading range since wild daily Bitcoin price swings of 50%+ were the norm back in April, more forex and binary options brokers are adding Bitcoin trading, feeling comfortable in their…
Read moreMulti-dealer platforms (like ECNs) have to register as SEFs -- but clients could choose to use other venues and avoid extra legal work. An interesting article in Risk Magazine provides a good overview of the concerns several of the leading Forex ECNs have as Dodd-Frank SEF rules come into effect this October. Essentially, multi-dealer platform operators…
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