Consistent with what we've been seeing at other leading eFX trading venues for the month of June, Copenhagen based multi-asset broker Saxo Bank has reported that it saw an overall 4% MoM increase in trading volumes during June, including a 3% rise in FX trading volumes. FX volumes came in at $242 billion for June versus $235…
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U.S. Retail Forex Broker client assets held showed a MoM uptick from reporting data filed with the CFTC as of May 31st. The report revealed a 1.74% increase in assets held by FCMs from April's $524,757,888 to $533,886,026 for May 2017. This is also $10 million more in assets from March’s $523,750,637. If the trend…
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GMO Internet Inc. (TYO:9449) group company GMO Click Securities, a Japanese provider of online securities broking services has announced the launch of "GMO-FX DASH" to its Forex trading offering. GMO - FX DASH makes it easy to place trades from mobile charts to take advantage of speed orders, fast trends, and the latest news, etc.…
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The move into summer months did not seem to slow down the stream of Forex Industry News this past week, with all the top stories once again appearing exclusively (or first, before being copied elsewhere) at LeapRate. We exclusively reported on Turkey's ban on accounts and trading with foreign Forex brokers, on GKFX's second major…
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Phillip Futures, member of the PhillipCapital Group based in Singapore, has started to offer the MetaTrader 5 platform to their clients, MetaQuotes anounced earlier today. This makes the futures and forex broker the first in Singapore to adopt the new-generation multi-asset trading platform. The key feature of MetaTrader 5, other than its multi-asset capability, is…
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Rebalancer enables dynamic allocation of credit across ECNs NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announced today that it has launched an automated credit rebalancing tool that specifically addresses limit over-allocation by prime brokers. Rebalancer went live across five major ECNs on 2 July 2017, with further platforms…
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A week ago retail Forex broker Alpari Limited announced that from June 27 2017, for ecn.mt4, pro.ecn.mt4 and ecn.mt5 accounts, trading on several instruments will be limited to “Close Only” (positions can only be closed) mode. These instruments have all been restored to full trading functionality. The following instruments are once again available for trading…
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LeapRate Exclusive... LeapRate has learned from sources close to the company that FCA regulated forex and CFDs broker GKFX has raised an additional £12 million (USD $15.5 million), to help fund the company's continued growth push in both the Retail and Institutional FX sectors. The current fundraising, injected into the company by controlling shareholder Kasim Garipoglu…
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The Central Bank of Azerbaijan announced that has chosen to conduct its auctions for foreign exchange (FX) instruments and deposits through Bloomberg’s auction platform, officials announced today. Designed to help central banks and finance ministries manage primary market operations, the platform has been recently extended to include FX instruments (spot and outright) and deposits, in…
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NEX Group PLC (LON:NXG) announced that its Swap Execution Facility (SEF), NEX SEF Limited, went live on 3 July 2017. NEX SEF received approval from the Commodity Futures Trading Commission (CFTC) in April 2017 and is also authorised and regulated with the Financial Conduct Authority (FCA). Registration with the CFTC and the FCA will allow…
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