Following two consecutive months of record FX trading volumes to start off the year, GTX – the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) – has reported that it continued its strong Q1 with another stellar month in March. GTX reported $374.6 billion of total trading activity in March between its…
Read moreZ.com Trade, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177), has announced that effective today the execution mode on its Classic Account will be changed to Market Execution. Currently Z.com Trade's Classic Account uses the Instant Execution mode, however this setting unfortunately limits the liquidity sources available. This change is necessary…
Read moreElectronic trading solutions provider TradingScreen has announced a new partnership with Liquidnet, a global institutional trading network, to further benefit buy-side customers’ order access and execution capabilities. The partnership allows for integration with TradingScreen's order and execution management system TradeSmart, enabling users to access Liquidnet's global pool of institutional liquidity and advanced trading strategies. TradeSmart is a…
Read moreAfter a stellar start to 2018 trading, Forex ECN FastMatch has reported a somewhat expected decline in activity during the month of March. After seeing two of its best months ever in January and February, FastMatch FX trading volumes declined by 11% MoM in March 2018, coming in at $18.8 billion ADV. FX trading volumes…
Read moreAfter setting two consecutive trading volume records in January and February, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a marked decline in activity during March. After reporting daily average trading volumes of $44.3 billion in February 2018 and $42.6 billion ADV in January to…
Read moreAfter we reported exclusively in October about the launch of a new cryptocurrency copy trading platform called Covesting.io, LeapRate has learned that Covesting has successfully completed an ICO raising $18 million, and is getting set to launch the beta testing of its platform. Covesting - a fintech startup launched by former Saxo Bank traders -…
Read moreForex Industry News and commentary this past week at LeapRate was clearly dominated by ESMA's (not so surprising) decision to cap Forex and CFD trading leverage at 30x - and that just for Forex major pairs. All other instruments, including cryptocurrencies, will be subject to an even lower leverage maximum. How did leading EU brokers…
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News that leading cryptocurrency exchange Binance was moving to EU-member island Malta following back-and-forth regulatory moves against the company and crypto exchanges generally in Japan and China, begs for some important questions need to be answered. Will Malta become a crypto-exchange friendly locale, and attract more providers? Why exactly is Malta attractive to exchanges like…
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After confirming that preliminary talks were indeed going on behind the scenes about two weeks ago, cross-ocean rival electronic market operators CME Group Inc (NASDAQ:CME) and London listed NEX Group PLC (LON:NXG) have announced that CME will be buying NEX in a £3.9 billion (USD $5.4 billion) cash and shares deal. The proposed transaction has been…
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As we have seen throughout most of the past year from it, FCA regulated online CFD brokerage house CMC Markets Institutional (LON:CMCX) has issued something of a mixed-message Trading Update leading up to the close of its current fiscal year on March 31, 2018. CMC stated that its "strong year to date performance" was been maintained…
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