Japanese online trading company Monex Group Inc. (TYO:8698) has reported its monthly business metrics for the month of March 2017, the decrease from previous months February and January continues. The number of Daily Average Revenue Trades (DARTs – the number of trades and transactions per day which generate revenue) was 257,717 - down 1.93% MoM.…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in the UK and Singapore that King & Shaxson Capital Limited has seen a significant drop in activity in Fiscal 2016. (The company has a June 30 year end). King & Shaxson is the parent company of FCA regulated retail and institutional Forex broker PhillipCapital UK.…
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Since reporting its fourth quarter and full year 2016 financial results on March 20, shares of Global Brokerage Inc (NASDAQ:GLBR) - formerly known of course as FXCM Inc - have been on a tear. After hitting an all-time low of $1.45 on March 17, GLBR shares have soared more than 86% in the following 10…
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Shortly after the announcement of the Mauritius office opening, the retail Forex broker Alpari Limited shared another news regarding its expansion. myAlpari, in addition to other key services, is now available in Malaysian. The Malaysian version of Alpari's website will be launched in the coming days, allowing its clients from Malaysia to receive complete and…
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ASIC regulated Retail Forex broker IC Markets has announced today that it has yet again registered a record month for trading volumes in March 2017. March volumes totalled US$234 billion. Sydney-based IC Markets does not usually report its monthly volumes – last time its best-ever month was November 2016 at $188 billion. According to IC Markets’ Managing…
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Swiss retail forex broker Dukascopy has announced that it is lowering the minimum equity requirement for self-trading accounts to CHF 20. Starting from 30.03.2017, the minimum equity requirement for self-trading accounts at Dukascopy Bank is lowered to 20 CHF (previously 100 CHF) or equivalent in other base currencies. The equity stop-loss level was automatically adjusted…
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Marex Spectron, the global commodities broker, today announced record profits before tax of $27.0 million for the year through to 31 December 2016, a 53% increase on the $17.6 million reported in 2015, and maintains the firm’s positive earnings trajectory. Adjusted EBITDA for the year was also a record $37.1 million, compared with $31.0 million…
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London-based online trading firm CMC Markets Plc (LON:CMCX) has issued a Trading Update for its Fiscal 2017 second half, which covers the six month period of October 1, 2016 – March 31, 2017. CMC has a March 31 fiscal year end. While CMC did not disclose any specific revenue, volume or earnings figures, it did…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX broker IKON Finance has decided to exit the Retail Forex sector, to focus solely on institutional clients and services. In addition, due to regulatory restrictions which have been imposed on IKON by the FCA, IKON is no longer accepting any new clients. IKON has been instructed by…
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BCS Global Markets, the Russian investment bank and largest securities broker on the Moscow exchange, has just announced the appointment of Bradley Duke and Tim Bevan as co-CEO’s of its UK entity, BCS Prime Brokerage Ltd (BCS UK). BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies…
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