FXSpotStream sets total monthly FX volumes record in May at $645 billion LeapRate

June 01, 2018 BY LeapRate Staff

FXSpotStream sets total monthly FX volumes record in May at $645 billion

After reporting record trading volumes throughout Q1, multibank FX aggregation service FXSpotStream has announced that May volumes totaled $645.4 billion, a record for the company. Average daily volumes of $28.1 billion were slightly off FXSpotStream's record in that regard, $28.8 billion set in February 2018 (but as February had 3 fewer trading days, total volumes in…

June 01, 2018 BY LeapRate Staff

CySEC outsourcing review of CIF license applications in €600,000 tender

It looks like CySEC is looking for help. The Cypriot financial regulator has issued today a tender for the purchase of services from outside parties, for the examination of CIF license applications, as well as other licenses and designations issued by CySEC including CIPs, UCITS, AIFs, UCITS, AIFM, and OEEPAP. CySEC is also planning to…

June 01, 2018 BY LeapRate Staff

INTL FCStone launches mobile app version of its PMXecute precious metals trading platform

Commodities and Forex broker INTL FCStone Inc (NASDAQ:INTL) has announced that its London-based subsidiary, INTL FCStone Ltd's Precious Metals Division has launched a mobile application version of its proprietary trading platform, PMXecute. PMXecute is an electronic trading platform providing clients with access to liquidity sourced from across the global precious metals markets, nearly 24 hours a day.…

June 01, 2018 BY LeapRate Staff

FastMatch sets monthly FX volume record with May 2018 at $22.6 billion ADV

Continuing a very strong start to the year for institutional FX platforms, Forex ECN FastMatch has reported that May 2018 FX trading volumes were up 16% from April, with average daily trading volumes coming in at $22.6 billion. That just beats FastMatch's previous best month of May 2017, at $22.5 billion ADV. By comparison, FastMatch…

June 01, 2018 BY LeapRate Staff

CySEC warns CIF licensed FX brokers from offering services to clients in Russia

Cyprus financial regulator CySEC has issued a new circular, warning CIF licensed entities in the country (mainly Retail FX and CFD brokers) that they should not be taking clients from Russia, unless properly licensed in that country. The Bank of Russia introduced licensing for Retail FX brokers in 2016, and has handed out just a…

June 01, 2018 BY LeapRate Staff

Cboe FX (Hotspot) May 2018 forex trading volumes up 13% to $40.9B ADV

After setting two consecutive trading volume records in January and February, and then a slowdown in March and April, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a marked improvement in activity during May. Cboe FX reported trading volumes of $40.9 billion ADV during…

June 01, 2018 BY LeapRate Staff

GTX has best ever month in May 2018 ahead of sale to 360T

Just two days after announcing that it had been acquired by Deutsche Boerse's 360T for $100 million, institutional FX platform GTX has reported its best-ever month, setting record trading volumes in May 2018. May’s average daily volume at GTX ECN of $16.8 billion exceeded the previous $16.1 billion record set in February this year. Total…

June 01, 2018 BY LeapRate Staff

ESMA sets dates for Binary Options ban and CFD leverage cap

Pan European financial regulator ESMA has announced the dates from which it will enforce new rules governing online trading and brokerage. We would note, however, that the new rules - banning Binary Options in the EU and restricting leverage on CFDs as outlined in more detail below - are temporary and will only be in…

May 31, 2018 BY LeapRate Staff

Charles-Henri Sabet resigns as CEO of LCG as results improve in 2H-2017

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (NEX:LCG) has announced its results for the full year 2017, indicating steady if unspectacular improvement in the second half of the year. However, the company continues to lose money, albeit at a slower rate. And, most interestingly, the company separately announced that…

May 31, 2018 BY Valentina Kirilova

ayondo hires former SGX Executive Mita Natarajan as Chief Business Development Officer

FCA regulated social trading focused broker Ayondo has announced that Mita Natarajan, former Senior Vice President at SGX, will join the company on 1st June 2018 as the Chief Business Development Officer and will be based in Singapore. With Ms. Natarajan’s extensive industry experience and knowledge, the Board of Directors of ayondo believes that this…

Category: Forex