The following guest post is courtesy of Neil Browning, Head of FX Sales at Saxo Bank. [divide] Volatility is on the rise in the foreign exchange market and remains a classic trader’s conundrum. It’s well documented that when combined with liquidity, volatility creates opportunities across FX, but in periods of excess volatility, for example following…
Read moreThe U.S. Securities and Exchange Commission (SEC) today issued an order to extend for one year the pilot period of the National Market System Plan to address extraordinary market volatility, commonly known as the limit up-limit down (LULD) plan. The SEC also approved a modification to the manner in which the LULD plan establishes the…
Read moreLeapRate has learned that the new website of popular forex trader website FXStreet.com has been taken down, after a series of glitches and crashes following its launch this past weekend. The company has reverted for the time being to its old site. As first reported by LeapRate three weeks ago, FXStreet has been beta testing…
Read moreMoscow Exchange is reporting that from May 30, 2016, it is increasing the tick size from RUB 0.0010 to RUB 0.0025 for FX spot instruments on USD/RUB, EUR/RUB, GBP/RUB, BYR/RUB, KZT/RUB and UAH/RUB currency pairs. The larger tick size was initiated by market participants to facilitate greater liquidity of the Exchange"s order book. On April…
Read moreThe reverberations continue from last January's surprise SNB move to remove the EURCHF floor leading to a 20% surprise spike in the value of the Swiss Franc against most major currencies. Leading retail forex broker Saxo Bank has issued its 2015 Annual Report and released its 2015 results, which saw the bank report a 29% drop in…
Read moreThe following guest post is courtesy of Katya Yun, Head of Marketing at MT4 technologies provider Takeprofit Technology. Takeprofit’s products include A and B-book risk management solutions, the Klondike liquidity bridge, and the Ashira automated dealer anti-cheating defense. Takeprofit’s clients have included Forex brokerages and white-label solution providers such as Darwinex, FXPIG, FXSTAT, BTFX, FinFX.…
Read moreIt is always exciting when a member of the electronic Forex trading world is recognized outside of FX for positive achievements. FCA regulated multi-asset exchange (MTF) LMAX Exchange has announced that it has been selected to this year's The Leap 100 list of the most exciting, fast-growing companies in the UK. The Leap 100 is organized by…
Read moreThe MoUs extend a similar earlier agreement the CFTC signed in 2014 with Canada's four largest regulators, in Ontario, Quebec, Alberta and British Columbia.
Read moreA French judge secretly came to Israel to oversee searches and conduct interrogations of 15 suspects in the affair.
Read moreLeapRate has learned that interbank STP venue CFH Clearing will start offering clients MahiFX’s institutional product, MFX Compass, as a provider of price and rate formation and risk management. MahiFX are a team of FX flow technology and management specialists. MFX Compass’ sophisticated system offers highly optimised price formation, risk management and advanced analytics. From early April,…
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