It was week involving a number of somewhat severe regulator moves in Forex Industry News at LeapRate. Both the Cypriot and Australian financial regulators suspended / revoked the licenses of Retail Forex brokers. And in the US, an offshore broker was sued for taking US clients, a big no-no in the business. In our continuing…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today announced that overall May 2017 average daily volume (ADV) reached 16.5 million contracts, up slightly from 16.3 million in April. Full exchange results by product can be found below: Interest rate volume averaged 8.9 million contracts per day in May 2017, up 20 percent from May 2016. …
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Shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS) traded up sharply on Friday morning, after the company announced a planned $10 million share buyback, strong cash levels, and healthy Revenues growth so far in Q2. First, Plus500 announced that trading activity during Q2 has continued on a positive trend as outlined in Plus500's first quarter…
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Switzerland based retail forex broker Dukascopy has announced that it has added some new commodity CFDs for trading. New CFD commodities launched for live trading on Dukascopy include Natural Gas to US Dollar (GAS.CMD/USD) and High Grade Copper to US Dollar (COPPER.CMD/USD), for regular LIVE self trading accounts. Maximum leverage on GAS.CMD/USD and COPPER.CMD/USD is set…
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Continuing the string of fairly flat to slightly up trading volumes at leading eFX platforms we've seen for the month of May, multibank FX aggregation service FXSpotStream has reported that volumes on its system were up 2% MoM in April. Average daily volume at FXSpotStream came in at $17.5 billion in April, versus $17.1 billion in…
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Legal website Law360 is reporting that the US CFTC has filed a lawsuit against offshore retail forex broker Tallinex, for illegally taking on US clients. The CFTC also named a US introducing broker of Tallinex, called General Trader Fulfillment LLC. The suit was filed in the U.S. District Court for the District of Utah - apparently because General…
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LeapRate Exclusive... LeapRate has learned that CySEC regulated retail forex and CFD broker GBE Brokers has hired FX industry veteran Jaymes Payten-Marsh to a newly created position of Global Head of Marketing. Mr. Marsh joins GBE Brokers in Cyprus. He was previosuly Marketing Director at FxNet, and Head of Marketing and Communications at FXTM. GBE Brokers, whose management…
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Gain Capital Holdings Inc (NYSE:GCAP) retail forex unit Forex.com has announced the release of a new web trading platform to its U.S. customers. Forex.com's new web trading platform was developed in partnership with TradingView, which offers one of the most powerful web-based charting platforms available today. Developed in HTML5, it supports PC/Mac users and all…
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Shares in UK online trading leader IG Group Holdings plc (LON:IGG) rose by 5% in Wednesday trading, after the company issued a fairly rosy Trading Update for its fiscal fourth quarter of 2017. IG has a May 31 fiscal year end, so the period in question is for the three month period of March-April-May 2017. IG…
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Data released today by the Tokyo Financial Exchange indicated that forex trading volumes were down slightly during the month of May in Japan. The TFX indicated that the total trading volume of its FX Daily Futures contracts (Click 365) was 2,220,588, down 1.2% MoM versus April but off 26.2% from last year May. Average daily forex trading…
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