January 16, 2015 BY LeapRate Staff
Alpari RU returns trading of CHF currency pairs to Full Trade mode
However CHF spreads remain high at Alpari and other brokers, at double digit pips.
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January 16, 2015 BY LeapRate Staff
IronFX reports strong risk management systems left it unaffected by Swiss Franc move
Another forex broker in the business-as-usual camp following yesterday's Swiss Franc move is IronFX. IronFX's statement on the effects of the Swiss Franc move yesterday: Following yesterday’s exceptional market events due to the Swiss National Bank’s abandonment of its EURCHF floor, many brokers have experienced major losses in their trading book. IronFX Global Limited was…
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January 16, 2015 BY LeapRate Staff
FxPro reports negative client balances but claims it is business as usual
Statement from retail forex broker FxPro on its situation following the CHF move: FxPro Group announces that negative balances resulting from yesterday’s extreme market conditions on CHF crosses have not affected the funds of our clients. All such losses were borne solely by the capital the company places as collateral with its prime broker and…
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January 16, 2015 BY LeapRate Staff
LMAX reports business as usual following extreme CHF volatility
LMAX Exchange has issued a release stating that it is 'business as usual' following the extreme market volatility caused by the discontinuation of the CHF peg by the SNB. LMAX says that the only changes are temporary increased margins of 10% on EURCHF and USDCHF and 5% on other CHF crosses. CEO David Mercer commented: Thursday…
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January 16, 2015 BY LeapRate Staff
Swissquote sets CHF 25 million provision for negative client balances after CHF move
In the eye of the Swiss Franc storm are, of course, the Switzerland based retail forex brokers. Leading Swiss forex broker Swissquote Group Holding SA (SWX:SQN) has announced it will be creating a CHF 25 million provision against earnings in the first half of the year, due to negative client balances created on the large Swiss…
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January 16, 2015 BY LeapRate Staff
Swiss Franc move leads to a run on shares of publicly traded Forex brokers
Thursday's results? FXCM down 15%, Gain Capital down -8%, IG Group off 4%, Plus500 down 4%, Swissquote down 4%
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January 16, 2015 BY LeapRate Staff
Pepperstone reports business as usual in wake of Swiss Franc move
Australia based retail forex broker Pepperstone has issued a statement it entitles 'Business as Usual', in wake of the news from certain other brokers that they sustained heavy losses Thursday after large moves in Swiss Franc CHF pairs. Pepperstone stated that it has been 'largely unaffected' by these events and that it continues to hold…
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January 15, 2015 BY LeapRate Staff
London Capital Group revenues rise to £8.6 million in Q4, shares at 2 year high
Shares of UK spreadbetting firm London Capital Group Holdings plc (LON:LCG) were trading up nicely on Thursday morning after the company released summary results for Q4 and full year 2014. In early trading Thursday, LCG was up 4% to £0.43 per share - its highest level since 2013. Some of the changes being made by…
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January 15, 2015 BY LeapRate Staff
FXCM Inc shares drop 11% Wednesday after revenue per million guidance lowered
Our take: it doesn't take much to make investors nervous in this market. But those following FXCM should be more focused on their growing volumes and client assets than what amounts to a near-term price cut.
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January 15, 2015 BY LeapRate Staff
LeapRate Exclusive: Forex brokers cutting leverage on Bitcoin trading as price plunges 33%
Wild volatility is back in Bitcoin-land, as premier Bitcoin exchange Bitstamp was hacked, $5M in Bitcoin was stolen, and Russia starts banning Bitcoin related websites.
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