GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that July FX volumes decreased by 13% MoM from June levels, coming in at $10.5 billion ADV. In the 'big picture', however, July was still a fairly good month at GTX - remember that June's volumes were up 24% MoM…
Read moreLooks like June's Brexit-driven volatility and record FX trading volumes didn't fully spill over into July. As we begin to review the July FX trading volumes at leading retail and institutional eFX platforms, FastMatch is reporting that volumes in its system fell 21% MoM from June (a record month for FastMatch) to average $12.9 billion ADV for the…
Read moreForex Industry News at LeapRate this week was a very mixed bag of regulatory, corporate, and even legal news. Once again LeapRate broke the most popular story of the week in the FX world, uncovering the arrest of a senior employee at a Limassol-based retail forex broker for trying to sell client information to a…
Read moreLeapRate Exclusive... LeapRate has learned that a police sting in Cyprus has led to the arrest of an employee of one of the Limassol-based retail FX brokers. The employee - a 36-year old woman - was caught by police in Cyprus after a brief police 'sting' operation. Cyprus police were contacted by a senior manager…
Read moreFew people who follow the FX trading world can say they don't recognize FXPRIMUS research analyst Marshall Gittler. Having worked as a currency analyst for quite a while on both the retail and institutional sides of the business, Marshall and his ubiquitous bow tie have been a mainstay on business TV and the web for…
Read moreContinuing a trend we have seen over the past six months from some of the leading UK-based retail forex and CFD brokers, PhillipCapital UK went live yesterday with their new online offering. As with many of the new & improved websites and Home Page redesigns we've seen lately from some leading retail forex brokers in…
Read moreIG Group Holdings plc (LON:IGG) market analyst Andreas Ruhlmann takes a look at Q2 results at the Swiss banking giant. [divide] Credit Suisse posted a profits while the Street awaited more losses Credit Suisse posted a net profit of 170 million SFr, compared to 1.05 Billion in the same quarter last year. Nevertheless it is…
Read moreThe following guest post is courtesy of Daniel Smithfield. Daniel is a freelance writer and editor living in New York City with a lifelong passion for business and economics. Following his graduation from university Daniel worked for several newspapers before embracing the freelance lifestyle. When not anxiously watching the stock markets he spends his time…
Read moreLeapRate Exclusive... LeapRate has learned that ASIC regulated retail forex broker Direct FX has redone its website, which just went live earlier this week. In conjunction with the new look, Direct FX has partnered with FINRA-regulated broker DriveWealth to launch exchange-listed US Equities and Futures trading on MetaTrader 4 to its network of global partners and direct…
Read moreAs its merger with the London Stock Exchange continues to inch forward, Deutsche Börse AG published its results for the second quarter of 2016 on Wednesday. Consolidated net revenue rose 10 per cent compared with the same quarter of the previous year, to €600.7 million (Q2 2015: €547.1 million). Besides consolidation effects, the increase was…
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