Forex Industry Week Review: FX Broker gets CySEC license, XTB revenues plummet, FXCM debt to Leucadia, and lots more… LeapRate

April 30, 2017 BY LeapRate Staff

Forex Industry Week Review: FX Broker gets CySEC license, XTB revenues plummet, FXCM debt to Leucadia, and lots more…

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…

April 28, 2017 BY Valentina Kirilova

LCH Ltd opens Norwegian Krone account with Norges Bank

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…

April 28, 2017 BY Valentina Kirilova

Autorité Des Marchés Financiers creates Fintech Lab and signs partnership with R3

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…

April 28, 2017 BY Valentina Kirilova

Monex Group releases financial results for fiscal year March 2017

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…

April 28, 2017 BY LeapRate Staff

FXCM cash investment recovered by Leucadia, still owed $123 million plus equity stake

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…

April 28, 2017 BY Valentina Kirilova

Alpari trading turnover for March 2017 exceeds US$110 billion, up 17% MoM

Retail Forex broker Alpari Limited announced that by the end of March 2017 its trading turnover across the key markets in which it operates came to 110.6 billion USD. This marks an improvement of over 17% compared to February. Turnover increased on the majority of traders' and investors' most popular currency pairs. More specifically, the…

April 28, 2017 BY Valentina Kirilova

Compagnie Financiere Tradition revenues down 3% in Q1, Japan Retail Forex down 20%

Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) reported first-quarter consolidated revenue of CHF 213.4 million compared with CHF 219.5 million in same period in 2016, up 0.2% in constant currencies. At current exchange rates, consolidated revenue showed a decrease of 2.8%, impacted by the weakness of pound sterling compared to the same period last year.…

April 27, 2017 BY Valentina Kirilova

Protrader for Mac is now available in B2B solution

PFSOFT, the global fintech developer of multi-asset brokerage and trading solutions, presents a fully functional version of Protrader for macOS and enables demo account registration. Two months ago the company announced release of a closed beta version of its newest native front end trading platform designed for macOS. Now PFSOFT releases a production version of…

April 27, 2017 BY LeapRate Staff

Saxo Bank to raise FX margin rates around French Election Round 2 vote to 3-8%

Copenhagen based multi asset broker Saxo Bank has announced that it will be raising margin requirements on client accounts over the weekend of the second round of the French Presidential election. While in normal markets most major currency pairs can be traded at Saxo Bank with leverage of 100x (or a 1% margin requirement), next…

April 27, 2017 BY Valentina Kirilova

Visible Alpha announced two senior hires as demand accelerates for its financial data and MiFID II research valuation platforms

As demand accelerates for its financial data and research valuation platforms, Visible Alpha announced two senior sales and relationship management hires to support the company’s expanding client base. Rapid growth in clients and platform contributors has been driven by the acquisition of ONEaccess, partnerships with other solution providers, and new product launches, such as the…

Category: Forex

Forex Industry Week Review: FX Broker gets CySEC license, XTB revenues plummet, FXCM debt to Leucadia, and lots more…

LCH Ltd opens Norwegian Krone account with Norges Bank

Autorité Des Marchés Financiers creates Fintech Lab and signs partnership with R3

Monex Group releases financial results for fiscal year March 2017

FXCM cash investment recovered by Leucadia, still owed $123 million plus equity stake

Alpari trading turnover for March 2017 exceeds US$110 billion, up 17% MoM

Compagnie Financiere Tradition revenues down 3% in Q1, Japan Retail Forex down 20%

Protrader for Mac is now available in B2B solution

Saxo Bank to raise FX margin rates around French Election Round 2 vote to 3-8%

Visible Alpha announced two senior hires as demand accelerates for its financial data and MiFID II research valuation platforms

S&P Dow Jones Indices Agrees Deal to Acquire ARC Research

EXANTE Launches AI-Powered News Aggregator

UBS and LSEG Partner: Bank to Adopt Data and Analytics Solutions

First Southern Fined $250,000 by FINRA Over Compliance Failures

Daman Markets Unveils Dirham-Based UAE Stock Trading