After reporting a very slow start to the summer trading season in July, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a 5% increase in average daily volumes during August, $34.9 billion versus $33.2 billion the previous month. July's $33.2 billion ADV figure had…
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LeapRate Exclusive... LeapRate has learned that Australia based Retail Forex group AxiCorp has hired experienced FX industry executive Hannah Hill in London, as the company's new Head of Brand and EMEA Marketing. AxiCorp runs the AxiTrader retail FX brand. The move to hire Ms. Hill comes just several weeks after AxiCorp expanded its presence in London…
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It was a fairly quiet last-week-of-summer for Forex Industry News, although we continued to bring our readers the key stories and analysis they won't find anywhere else. Which Retail FX brokers reported results this past week? Which CEO departed the London office of a major global FX broker? Which is the latest Retail FX broker…
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LeapRate Exclusive… LeapRate has learned that Geneva and Latvia based Retail FX brokerage group Dukascopy continued its fairly weak performance from 2017 into the first half of 2018. After posting a $2.4 million loss in 2017 amid a 12% Revenue drop, Dukascopy posted Revenues of CHF 14.3 million (USD $14.8 million) in the first six months of 2018, down…
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ATFX has announced its sponsorship of the Duke of Edinburgh cup earlier this month, in line with the company’s commitment to the future leaders within its communities. The Duke of Edinburgh Cup was established to support the Duke of Edinburgh International Award and young people all around the world. Founded by HRH Prince Philip, the…
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Fortytwo Data, the UK Anti-Money Laundering and Big Data firm, has just announced that it has opened its first overseas office in Ukraine. The new location in the country’s capital, Kiev, is the first time the company has expanded beyond its headquarters in the City of London. The satellite office will be a base of…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX and CFDs broker Valutrades will soon be posting its financial statements with regulatory authorities, indicating that the company continued to grow its revenue base in 2017. Overall, Valutrades grew its Revenue from £693,000 in 2016 to £1.22 million in 2017 – growth of 77%. Valutrades was…
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Chasing a flexible lifestyle is the number one reason for investing or trading in the stock markets according to research carried out for Financial Technology group, ayondo. Highlights include: A survey of UK equity investors reveals: 60% say the opportunity to generate a secondary income or to make money to give them a more flexible…
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LeapRate has learned that Conor O'Driscoll, Deputy CEO and COO at FxPro UK, has departed the company, leading to an executive search to replace him. Mr. O'Driscoll was promoted to his position effectively heading the operations of Cyprus-based FxPro's FCA licensed business in London in early 2017, as was exclusively reported at the time on LeapRate. He…
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Cyprus-based brokerage technology solutions provider Tools For Brokers has announced that it has expanded its range of solutions with its Trade Processor product, enabling unlimited liquidity providers connections as well as order flows configuration and the ability to switch between liquidities. According to T4B, Trade Processor is a complete, customisable and secure system that can be integrated…
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