Multi-asset brokerage Blackwell Global announced today the opening of a new office and the attainment of a new derivative broker licence issued by the Securities and Exchange Commission of Cambodia (SECC). Based in Phnom Penh, the expansion of its forex and brokerage business into the emerging market of Cambodia marks a stronger presence in Asia.…
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The normally slow late summer FX trading weeks seem to have been anything but, at least for some eFX providers. CySEC and FCA regulated broker Exness has reported that forex volumes in its system came in at $274.8 billion in August, 11% above July's $248.4 billion making the month one of Exness' best ever. In fact, August…
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Abu Dhabi based global international financial services firm ADS Securities has just announced the introduction of bitcoin CFD trading for MENA clients using its MT4 platform. Jason Hughes, Global Head of Retail Sales is confident that this is the right time for ADS Securities to introduce cryptocurrency trading: We will be the first brokerage in…
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ASIC regulated Retail Forex broker IC Markets has announced today that it registered a record month for FX trading volumes in August 2017, at USD $343 billion. Some key stats released by IC Markets: August 2017 Volume US$343 billion August Average Daily Volume US$14.9 billion Looks like total volumes were a record, although average daily…
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Uzbekistan's President has signed a decree on the liberalization of monetary policy, allowing its citizens and companies to buy foreign currency without restrictions at a market-set rate from September 5, as reported in Gazeta.uz newspaper. This move would be a potentially decisive step on the path towards full convertibility of the country’s sum currency. That would…
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LeapRate Exclusive... LeapRate has learned that London based, FCA regulated institutional FX broker FIXI plc has posted a loss of £2 million USD ($2.6 million) for fiscal 2017, ahead of a planned expansion of services to the UK retail trading market. FIXI has a March 31 fiscal year end. FIXI's revenues during the year were…
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Multibank FX aggregation service FXSpotStream has reported that volumes in August were up 9.5% MoM, coming in at $19.2 billion ADV. We’d note that volumes were down 14% in July, coming in at $17.6 billion ADV, but June was a near-record month at FXSpotStream, with ADV of $20.3 billion its highest in 2017 and near its…
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LeapRate Exclusive... LeapRate has learned that FX industry executive Nick Beecroft has stepped down from his position as a director on the board of FxPro UK Limited, the FCA regulated arm of global Retail FX broker FxPro, and joined the board of GKFX. Mr. Beecroft had joined FxPro UK's board about a year ago, as…
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In a usually quiet and short end-of-August trading week sandwiched by a Bank Holiday in the UK and the Labor Day weekend in North America, there was still an interesting number of Forex Industry News stories to report - with the week's key stories all appearing exclusively at LeapRate. Which Turkish FX broker has gone…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX and CFDs broker Destek Markets has made some additions to its senior management team, ahead of a big planned launch of operations later this year. Destek has hired Rowena Harris-Doughty (pictured above) as its new Marketing Director. Ms. Harris-Doughty joins Destek from London Capital Group Holdings plc (LON:LCG),…
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