FXCM cash investment recovered by Leucadia, still owed $123 million plus equity stake LeapRate

April 28, 2017 BY LeapRate Staff

FXCM cash investment recovered by Leucadia, still owed $123 million plus equity stake

Investment firm Leucadia National Corp (NYSE:LUK) has issued its Q1 results report, which included some interesting updates on its $300 million loan to retail forex broker FXCM. Leucadia lent the money to FXCM back in January 2015, enabling FXCM to overcome a $276 million loss it took in the form of unrecoverable negative client balances following…

April 28, 2017 BY Valentina Kirilova

Alpari trading turnover for March 2017 exceeds US$110 billion, up 17% MoM

Retail Forex broker Alpari Limited announced that by the end of March 2017 its trading turnover across the key markets in which it operates came to 110.6 billion USD. This marks an improvement of over 17% compared to February. Turnover increased on the majority of traders' and investors' most popular currency pairs. More specifically, the…

April 28, 2017 BY Valentina Kirilova

Compagnie Financiere Tradition revenues down 3% in Q1, Japan Retail Forex down 20%

Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) reported first-quarter consolidated revenue of CHF 213.4 million compared with CHF 219.5 million in same period in 2016, up 0.2% in constant currencies. At current exchange rates, consolidated revenue showed a decrease of 2.8%, impacted by the weakness of pound sterling compared to the same period last year.…

April 27, 2017 BY LeapRate Staff

Saxo Bank to raise FX margin rates around French Election Round 2 vote to 3-8%

Copenhagen based multi asset broker Saxo Bank has announced that it will be raising margin requirements on client accounts over the weekend of the second round of the French Presidential election. While in normal markets most major currency pairs can be traded at Saxo Bank with leverage of 100x (or a 1% margin requirement), next…

April 27, 2017 BY Valentina Kirilova

Saxo Bank reports strong growth of its bond trading platform

In October 2016, Copenhagen based multi asset broker Saxo Bank launched electronic bond trading for mid-sized institutions and retail investors, covering over 5,000 government and corporate bonds across developed and emerging markets. The idea behind the launch was to make trading of liquid bonds more efficient through a full digital value chain by routing Saxo’s…

April 27, 2017 BY LeapRate Staff

China-focused retail forex broker FX88.com gets CySEC CIF license

LeapRate Exclusive... LeapRate has learned that the most recent CIF license handed out by Cyprus financial regulator CySEC has gone to retail forex broker FX88.com via its parent company Galactus Ltd. The license was formally approved this Tuesday, April 25. Backed by investors in Singapore, Galactus / FX88.com was formed last year by a number…

April 27, 2017 BY LeapRate Staff

FxPro promotes Conor O'Driscoll to Deputy CEO and COO of UK operation

LeapRate Exclusive... LeapRate has learned that retail forex brokerage group FxPro has promoted Conor O'Driscoll to the position of Deputy CEO and COO of its FCA regulated UK operation, FxPro UK Limited. Mr. O'Driscoll has been with FxPro since 2012, based in Cyprus. He began at FxPro as an FX Dealer, moving up to be named…

April 26, 2017 BY LeapRate Staff

Forex broker XTB sees revenues plummet 38% in Q1 to PLN 58 million

LeapRate Exclusive... LeapRate has learned via regulatory filings made in Poland that Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, has continued its quite unusual pattern of up-and-down performance with a very slow quarter to begin 2017. XTB has indicated in…

April 26, 2017 BY Valentina Kirilova

GMO Click's Z.com MT4 service adds micro lot FX trading

Z.com., the FCA regulated MT4 retail brokerage arm of Japanese FX giant GMO Click, has announced that its Trade MT4 service now supports micro lot trading on all FX products. As a result of this change, the minimum trade size for all FX products has been amended from 1 lot to 0.1 lots. The 1…

April 26, 2017 BY Valentina Kirilova

Otkritie Capital’s Global Prime FX volumes up 96% YoY

Otkritie Capital International Ltd (OCIL), a UK-based, FCA-regulated prime-broker operating across global financial markets, today announced at TradeTech Europe that its FX Prime business within the Otkritie Global Prime franchise is picking up pace since its full scale rollout 12 months ago. The FX Prime turnover volumes went up by 96% compared to April 2016…

Category: Brokers