Retail forex broker FXCM Inc (NYSE:FXCM) has made some changes to its board of directors. Stepping down from the FXCM BoD is independent director Perry Fish. Mr. Fish’s resignation was said to be for personal reasons, and not as a result of any disagreements between him and the company. Taking Mr. Fish's spot on the FXCM…
Read moreLeapRate Exclusive... The UK online trading market is getting even more crowded. LeapRate has learned that international broker Blackwell Global has received FCA licensing for its UK subsidiary, Blackwell Global Investments (UK) Limited. The license becomes effective today, February 1, 2016. Blackwell already had permission to operate freely in the UK as it currently operates out…
Read moreLooks like it will be a very good start to the year for the Retail Forex industry. In a survey of a number of leading retail forex brokers in different jurisdictions, LeapRate has detected a common theme - January was a great month, with FX trading volumes up significantly over the past several months. We…
Read moreInstitutional electronic FX platform FastMatch, jointly owned by retail forex broker FXCM Inc (NYSE:FXCM) and commercial banks Credit Suisse and BNY Mellon, saw trading volumes on its electronic currency platform leap by 25% during January 2016 to hit $11.8 billion ADV during the month. January 2016 marked an important milestone for FastMatch. It was the first month…
Read moreVolatility hit Asian equity and currency markets on Friday following a surprise overnight move by the Bank of Japan to adopt negative interest rates. Here are some notes on the move by a number of leading currency analysts: [divide] Saxo Bank / TradingFloor.com, John J. Hardy - Bank of Japan Governor Kuroda was known for liking…
Read moreRetail forex broker Markets.com, a unit of Playtech PLC (LON:PTEC), will be raising margin requirements from 5% to 10% for CFDs on certain US-traded stocks during the current Q4 earnings reporting season. Shares of even very liquid, well-traded equities tend to be more volatile leading up to an earnings announcement - especially year-end results, when 'surprise'…
Read moreWe said that this was coming. Following a wave of reviews of some of the largest Cyprus-based regulated forex and binary options brokers undertaken by financial regulator CySEC over the past few months, we reported in late November on a number of fairly large (by Cyprus standards) > €100,000 fines and settlements issued to a…
Read moreHe's back. One of the more interesting and successful personalities in the retail forex business has returned to the sector after a more than two-year self imposed hiatus. After selling his company MIG Bank to Swissquote in late 2013 for $70 million Hisham Mansour is back in the Retail FX game. As we reported exclusively…
Read moreWhat separates the good from the great in the Forex industry? People, of course. The same can actually be said of virtually any service industry. However in the fast paced and fast changing online trading sector in which brokers are always looking to expand to new markets, add new products and defend old turf, finding and…
Read moreThe Ontario Securities Commission (OSC) has just updated its Warning List, which contains the names of individuals and companies which are engaging in activities that may pose a risk to investors. The latest addition to the Warning List is retail forex broker Sumo Forex Limited, operating from www.sumoforex.com. The company's offices were listed by the OSC as 28…
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