LeapRate Exclusive... LeapRate has learned that Jamieson Blake, Head of Client Experience at the FCA regulated, London based arm of ADS Securities, has resigned from the company. Jamieson Blake had been a key part of the team which has helped Abu Dhabi based ADS Securities grow its business in the UK, especially among retail investors.…
Read moreVirtu Financial, Inc. (Nasdaq:VIRT), a technology enabled global market maker, has just announced that it hired Pete Candler to help develop and grow its execution services business. Virtu, an electronic market maker and execution service provider, offers its execution technology and transparent post trade analytics to buy-side and sell-side clients. Candler is a seasoned professional…
Read moreJapanese Retail FX giant GMO Internet Group has taken another step in growing its UK and international presence, with the company's FCA regulated arm Z.com Trade announcing the launch of a new FX and cryptocurrency trading app called Pipster. Pipster was developed in partnership with Finatext UK, a branch of Finatext Ltd., a Tokyo based Fintech…
Read moreNew York based FX brokerage group Oanda has announced that it has recently launched an institutional trading platform tailored to meet the advanced requirements of professional FX traders, from hedge funds and brokers to CTAs and proprietary trading firms. Called OANDA Pro, the platform will be powered by State Street's Currenex, a leading provider of high-performance…
Read moreCanadian provincial financial regulator The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has announced that it has issued a Temporary Cease Trade Order against Ava Trade Limited. The FCAA stated that AvaTrade appears to be operating an unregistered online platform that allows users to trade in Forex and Contracts for Difference (CFDs). FCAA Deputy Director…
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All we can say is: Wow! Yes folks, the graph below is not in error. After posting several consecutive quarters of record revenues above $100 million, FCA regulated CFDs broker Plus500 Ltd (LON:PLUS) has reported one of the most astonishing financial reports we've ever seen here at LeapRate. Revenues more than doubled from Plus500's best ever…
Read moreAfter setting two consecutive trading volume records in January and February, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a marked decline in activity during March, and now April. After reporting record daily average trading volumes of $44.3 billion in February 2018 and $42.6 billion ADV…
Read moreFollowing three months of strong FX trading volumes to start off the year, GTX – the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) – has reported that activity slowed somewhat during the month of April 2018. GTX reported $306.5 billion of total trading activity in April between its ECN and SEF…
Read moreContinuing a very strong start to the year, Forex ECN FastMatch has reported that April 2018 FX trading volumes edged up by 3% versus March, averaging $19.4 billion daily. After seeing two of its best months ever in January and February, FastMatch FX trading volumes declined by 11% MoM in March 2018 to $18.8 billion ADV,…
Read moreLiquidnet, the global institutional trading network, today announced two enhancements to its Next Gen Algo suite, Liquidnet’s premium offering of liquidity-seeking and benchmark strategies designed specifically for institutions. The newest addition to the Liquidnet Virtual High Touch® suite: Targeted Invitations from Algos integrates one of Liquidnet’s most popular liquidity-seeking products with its Next Gen Algo…
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