CFTC March data shows US Retail FX is becoming more concentrated among largest six FX brokers. U.S. Retail Forex assets data for March is now out, courtesy of the CFTC, and it shows a few interesting things -- all leading to the conclusion that the US Retail FX industry is becoming increasingly concentrated -- and the…
Read moreSpotware Systems announces the use of 3 synchronous clouds for their cTrader Product Suite. Spotware Systems announced that they have implemented the latest in cloud technology for their ECN / NDD cTrader product suite, with 3 different cloud solutions -- a Hardware Cloud, Connectivity Cloud and Application Cloud, that work together to provide a ultra-usability…
Read moreInterest on client funds will be paid in a staged way – the more you trade, the more you make. The marketing team at Liquid Markets (formerly Tadawul FX) in Cyprus have come up with an interesting new twist on client bonuses and incentives to trade, all wrapped into one. Liquid Markets circulated a marketing…
Read moreGain Capital's second best month ever in terms of total FX trading volumes. Similar to what we've already seen at leading global FX brokers Saxo Bank, FXCM, Alpari, and GMO Click, Gain Capital (which as we reported earlier is now beginning to report monthly volumes) also registered solid numbers in April 2013. Retail volume came in at $145.8 billion, up 4%…
Read moreFlorida Court issues order against Philip Milton and Trade LLC in a commodity pool Ponzi Scheme. The CFTC has obtained a court order ordering Phillip Milton of Palm Beach Gardens, Florida and Trade, LLC based in Palm Springs to pay restitution of more than $10.8 million and $7.6 million civil monetary penalty. In addition, Trade…
Read moreSaxo Bank to amalgamate technical trading signals through Trade Navigator on its TradingFloor.com FX Research site. As first reported by ForexBrokerz.com.... Saxo Bank, a member of LeapRate's Approved List of global regulated FX brokers, has launched Trade Navigator on TradingFloor.com. This is a new online trading tool that provides daily technical insight into around 200 instruments. By combining…
Read moreFounders Fund, run by PayPal co-founder Peter Thiel, leads venture financing round for Bitcoin PSP company BitPay. Payment Service Provider (PSP) company BitPay, which bills itself as "the world leader in Bitcoin business solutions", has announced that it has raised a further $2 million financing round led by venture capital investor Founders Fund. It sounds…
Read moreRecord setting volume numbers continue to hit global markets from FX to Commodities. Record volumes in 2013 for Gold trading, Forex trading, and now Oil trading.... CME Group, which runs the world's largest derivatives marketplace, announced it has reached record volumes (open interest) for Brent-WTI spread options. The CME saw 126,675 contracts traded yesterday (May…
Read morexStore updated with a new website with more apps for brokers and traders using X3 Open Hub. X Financial Solutions Limited, a leading technology provider to foreign exchange brokerages and banks, announced an update of its open API apps store, xStore. The site was updated with a new website and new applications. xStore provides an open…
Read moreAssets in an unlicensed money transferring business associated with Mt. Gox seized. The US Department of Homeland Security (DHS) has frozen a mobile payments account associated with Bitcoin exchange Mt. Gox. This is part of an investigation announced on Tuesday. Dwolla is a mobile payment company based in Iowa. They have confirmed that they received a warrant…
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