Mike Fox
LeapRate Analyst
February 11, 2016 BY Mike Fox

OANDA partners with Kenandy to bring Forex rates to the cloud

OANDA | Solutions for Business, the corporate-focused business unit of OANDA Corporation, a leading Forex services provider, announced today that it will partner with Kenandy, developer of the only complete ERP solution on the Salesforce App Cloud, to provide a new FX rates service in the cloud. The partnership enables Kenandy to automatically deliver accurate FX rates to all of…

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February 11, 2016 BY Mike Fox

ThinkForex waives deposit and withdrawal charges in new campaign

Australian and UK regulated brokerage ThinkForex announces today the launch of their latest campaign that waives all fees and charges for payments made during the month of February. The multi-asset provider will reward clients that make a deposit or withdrawal during the campaign period by wiping off any fees and charges from bank and payment providers. ThinkForex offers a…

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February 11, 2016 BY Mike Fox

Q & A: Cappitech CEO discusses Forex trade reporting and EU regulation

This week LeapRate spoke with Ronen Kertis, President and CEO of Cappitech, a privately held financial technology boutique. Mr. Kertis has been innovating at the cross-section of tech and finance since 2000, where he's held CTO roles at ITG Europe and ITG Asia, before serving as CEO of ITG Israel. Cappitech has expertise in developing FIX…

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February 11, 2016 BY Mike Fox

U.S. retail Forex brokers drop 4.7% in assets MoM for December 2015

This month data from the CFTC from reports filed by January 28th, 2015 reveal that Forex brokers within the United States for December 2015 dropped 4.7% in assets to $544,087,054 from November’s $570,939,506 total (see graph above). December usually sees a drop due to end of year withdrawals and not to mention the very volatile market which could have seen…

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February 10, 2016 BY Mike Fox

Core Liquidity Markets announces partnership with Inovance Technologies

Core Liquidity Markets. an ASIC regulated financial services firm based in Melbourne, Australia is pleased to announce its partnership with Inovance Technologies the makers of TRAIDE, a platform that helps discover new trading strategies using machine learning algorithms. TRAIDE allows the trader to create trading systems based on 100 technical indicators including all major currency pairs. Michael Markarian, Managing…

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February 09, 2016 BY Mike Fox

GWAZY Trader now available on the App Store

The GWAZY Trader App is ready for downloading on iTunes and is compatible with the iPhone, iPad and iPod Touch. GWAZY Ltd. has just released the GWAZY Trader – the iPhone version of the GWAZY trading platform and method. Apple users can now download the GWAZY trading application and trade Forex, gold, commodities and indices. The…

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February 08, 2016 BY Mike Fox

Thomson Reuters spot FX volumes up 35% in January to $123B

Thomson Reuters released January Forex volume data showing daily spot trading volumes on currency trading platforms run by Thomson Reuters rebounding sharply in January from the previous month. Spot currency trading volume on Reuters platforms totaled $123 billion last month, up 35% from $91 billion in December - traditionally the lightest month of the year - and…

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February 08, 2016 BY Mike Fox

Bank of Russia says banks will need more capital for FX lending

In a bid to protect the banking sector from possible further ruble declines, The Bank of Russia officially suggested over the weekend setting increased risk ratios on FX loans and debt investments to ensure additional capital coverage of currency risks of the banking sector. In particular, an increased risk ratio equal to 1:1 is envisaged to be imposed on…

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