Institutional Forex ECN Hotspot FX has reported that April trading volumes decreased by 7% MoM from March, clocking in at $27.7 billion average daily volume for the month. Hotspot’s April figures begin a parade of what we believe will be weak volume reports in the FX sector, following what was a fairly strong March at many…
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GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that April trading volumes in its system decreased slightly from March's record levels. GTX saw total trading volumes of $280.7 billion in April, or $14.0 billion ADV, versus a record $339.0 billion total and $14.7 billion ADV in March.
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Multibank FX aggregation service FXSpotStream has reported that volumes on its system were down 9% MoM in April. Average daily volume at FXSpotStream came in at $17.1 billion in April – versus $18.8 billion in March, $18.7 billion in February and $18.9 billion in January - making April the slowest month to date in 2017 at…
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It was announced today from Tokyo Financial Exchange, that the total trading volume of its FX Daily Futures contracts (Click 365) was 2,247,872 (-16.7% MoM / -28.9% YoY) and its average daily trading volume was 112,394. The biggest downturn occurred in EUR/USD with the pair stuck in tight ranges in recent months. See the table…
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Multicurrency cash settlement system operator CLS has a unique overarching view of the Forex market, and has put out an interesting review of US President Donald Trump's first 100 days in office (a milestone which passed quietly this weekend) and the effect the new administration has had on the currency markets. The report covers the…
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It was a week dominated by regulatory issues and financial results in Forex Industry News, with the key stories once again appearing first or exclusively at LeapRate. Our most popular guest posts this past week included: CySEC changes to Investor Compensation Fund: what does it mean for Forex brokers and traders? from MAP S.Platis General…
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LCH Ltd, a global clearing house, announced today that it has established deposit and intraday liquidity facilities with Norges Bank, the central bank of Norway. LCH is now settling its Norwegian Krone payments via the central bank. As part of the account opening process, LCH has become a direct member of NBO, the payments system…
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The Autorité des marchés financiers (AMF) has announced the creation of its Fintech Lab. It will enable the AMF to explore the current and potential applications of new technologies among regulated entities (including market infrastructures) or in connection with its regulatory activities. The Lab will be accessible to all AMF staff who contribute to the…
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Japanese online trading company Monex Group Inc. (TYO:8698) just announced its financial results for fiscal year ended March 31, 2017. The highlights are: Japan segment Segment profit of JPY 1,768M, which is 70% decrease YoY in FYE Mar. 2017, due to decrease in stock and FX trading volume and increase in costs for parallel operation…
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Investment firm Leucadia National Corp (NYSE:LUK) has issued its Q1 results report, which included some interesting updates on its $300 million loan to retail forex broker FXCM. Leucadia lent the money to FXCM back in January 2015, enabling FXCM to overcome a $276 million loss it took in the form of unrecoverable negative client balances following…
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