Mike Fox
LeapRate Analyst
June 08, 2016 BY Mike Fox

FairFX expands its services into South Africa

Fairfx Group PLC (LON: FFX) a London based low-cost multi-currency payments service, has extended its international payments service into the domestic South African market through a tripartite agreement with Morgan West Ltd and Mercantile Bank. Services providing foreign exchange into South African Rand (ZAR) to send into South Africa are widely available. Converting ZAR into…

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June 08, 2016 BY Mike Fox

Exness volumes push higher MoM, rising 5% to $173 bln

Exness, a leading CySEC regulated Forex broker has published volume metrics for May 2016, with trading volumes rising 5% MoM to $173.9 bln from April's $165.6 bln. The annual comparison was down, with May 2015 volumes 20% higher than this year. Last year during this period, Exness recorded their highest volume months in company history with May 2015 seeing $217.6…

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June 08, 2016 BY Mike Fox

FXOpen organizes new demo trading contest, the “CFD Open”

ASIC and FCA regulated broker FXOpen has launched this week a free entrance demo competition called “CFD Open”. The contest is designed for traders who want to trade indices, oil and gas. Registration is now open to take part in the demo competition from June 13th to July 8th, 2016. CFD Open Facts and Figures: 1. contest dates: June…

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June 07, 2016 BY Mike Fox

Vinson Financials renounces CySEC CIF license

The Cyprus Securities and Exchange Commission (CySEC) today announced that, on 23rd May 2016, Forex broker CIF Vinson Financial Ltd, which provided investment services via the domain vinsonfinancials.com, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the authorization with Νumber 184/12 lapsed as from the abovementioned date. It is noted that, in accordance with section…

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June 07, 2016 BY Mike Fox

6 new trader analytics measurements released on FX Junction

FX Junction, the largest open social network for Forex traders announced it has released several new trader analytics indicators. FX Junction now offers six new analytics to measure trader’s performance. Effective immediately, FX Junction members with a linked MT4 account can analyze their own performance as well as other trader’s performance with the following new powerful indicators: Relative Drawdown, Maximum Drawdown, Sharpe…

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June 07, 2016 BY Mike Fox

TradingScreen partners with Quantitative Brokers for best execution algos

TradingScreen Inc., the leading independent provider of liquidity, trading and investment technology via SaaS, and Quantitative Brokers (QB), a leading provider of clearer and dealer-neutral agency algorithms for fixed income and futures markets, have partnered to provide QB’s best execution algorithms through the TradingScreen electronic trading platform. This suite includes the Bolt and Strobe algorithms…

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June 06, 2016 BY Mike Fox

Thomson Reuters Spot FX volumes dip 3% in May to $94 billion

Thomson Reuters Corp (NYSE:TRI) has published their Forex volume metrics for May 2016, with spot FX volumes continuing to slide after a hot start to the year, where China and oil risk led trading volumes higher. Spot FX volumes averaged $94 billion a day in May 2016, down 3% from the result of $97 billion reported in April 2016. The…

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June 06, 2016 BY Mike Fox

EBS volumes down 11% MoM to $72.6bln, lowest since July '14

EBS Market, the anonymous central limit order book from ICAP (LON: IAP) today reported volumes for May 2016 coming in $72.6bln, down 11.8% from April's $82.3bln. Volumes were also down YoY from May 2015's $95.9bln, good for a 24.2% decline. Most of the industry as reported here on LeapRate had a lackluster May in terms…

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