Leading Australia-based retail forex broker Pepperstone has announced a series of margin / leverage changes for its trading clients, which will take effect later this week ahead of next Sunday's second round of voting to select a new President in France. According to Pepperstone, the election will be a major test for the European Union…
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LeapRate Exclusive Interview... It hasn't been easy running a Retail Forex brokerage lately. Regulatory changes, technology which is constantly changing, ever increasing competition... Continuing our series of discussions with various industry leaders, we are pleased to present our recent conversation with Olga Rybalkina, CEO of CySEC regulated FXTM. Olga has quite a lot to say…
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TriOptima, a NEX Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, announced today that it has added MVA (margin valuation adjustment) analytics to its triCalculate XVA (X-Value Adjustment) service. MVA calculations determine the lifetime costs of posting initial margin as part of the pricing of an OTC derivative. TriOptima is…
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LeapRate Exclusive... It looks like the folks at CySEC have been busy. And, despite CySEC's introduction late last year of more strict rules governing the operations of retail forex brokers - e.g. no bonuses, limited leverage, call center location... - the desire for brokers to become licensed in the EU via Cyprus remains in high…
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Broadridge Financial Solutions, Inc. (NYSE:BR) announced that it has appointed Eric Bernstein as President of Broadridge Investment Management Solutions. Broadridge Investment Management Solutions supports more than 225 global hedge funds, asset managers, family offices, fund administrators and prime brokers. Its modular suite of investment management solutions combines portfolio management, order management, risk management, reference data…
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Forex ECN FastMatch is reporting that volumes in its system decreased slightly by 1% MoM in April, to average $19.0 billion ADV for the month. That makes April 2017 one of FastMatch’s best ever months for trading volumes, given that March's $19.2 billion ADV was by far the company’s best ever, well ahead of the…
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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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