FCA regulated CFD broker Plus500 Ltd (LON:PLUS) informed that it takes note of the contents of a "Dear CEO letter" that the Financial Conduct Authority (FCA) has issued last week as a public announcement following its review of the CFD market. The announcement highlights the FCA's concerns regarding firms who offer and distribute CFDs to retail…
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Following a strong November which saw its most activity of the year, Copenhagen based multi asset broker Saxo Bank has reported that it ended 2017 with a somewhat slow month of December. December volumes totaled $289 billion at Saxo Bank, down 26% from November's $388 billion. FX volumes comprised 68% of the total in December…
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Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that, after receiving votes from approximately 78.5% of the holders of its 2.25% Convertible Notes due 2018 (the "Current Notes") unanimously approving its proposed, prepackaged plan of reorganization (the "Plan"), Global Brokerage has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy…
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Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced that it will report better-than-expected results for the second half of 2017 (when final results are released in early March). The driver - cryptocurrency trading. Swissquote was the first European online bank to introduce Bitcoin CFDs in mid 2017 as well as trading…
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Continuing its international expansion and clear plans to grow in Europe, China based Retail FX brokerage group TigerWit has announced that it has acquired Mercor Index, the UK based and FCA regulated broker set up by longtime London Capital Group Holdings plc (LON:LCG) CEO Simon Denham. Mr. Denham set up Mercor Index in 2015 after Charles-Henri…
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FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has just reported its operating metrics for the month of December 2017, and the results for the final month of 2017 don't look so good - retail volumes are at their lowest level since 2013. However December is often a bad measure of overall activity, since it…
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UK online trading leader IG Group Holdings plc (LON:IGG) noted that the Financial Conduct Authority (FCA) have today issued a letter to all providers and distributors of contracts for difference (CFD) products. IG informed that it welcomes the FCA's review on the provision and distribution of CFD products to clients on an advisory or discretionary…
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Swiss Forex brokerage house Dukascopy Bank SA just announced that it has extended the range of tradable CFDs on single stocks at Dukascopy Bank and Dukascopy Europe. Several hundred most liquid stock CFDs from US have been added to the platform. New CFD instruments can be added using the instrument selector in the trading platform.…
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Retail forex broker FXCM Group, LLC announced that it has just released free Forex tick data for the most popular currency pairs. Traders can import weekly tick data within seconds directly from FXCM servers to back-test algorithmic strategies, and create models with precision. With FXCM, traders have access to robust market data solutions, and advanced…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to hold a shareholder vote on delisting the company’s shares from trading on the London Stock Exchange AIM market on February 6. When LCG originally announced its plans to delist from the LSE in late December,…
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