After a fairly slow April, Copenhagen based multi-asset broker Saxo Bank has reported that it saw an overall 17% MoM increase in trading volumes during May, including a 14% rise in FX trading volumes. FX volumes came in at $235 billion for May, with total multi-asset volumes (including also Equities, Commodities and Fixed Income) totaling $331 billion for the month.…
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LeapRate Exclusive... Further to our exclusive report last week about a number of pending changes at CySEC and FCA regulated retail forex broker FxPro, especially in the UK, LeapRate has learned that the company has gone live today with its new spread betting platform, FxPro Edge. Visitors with a UK IP address going to the…
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LeapRate Exclusive... FCA licensed spread betting, Forex and CFD brokers have seen an increasing amount of competition lately, mainly from foreign brokers who come to the UK to get "FCA regulated". These brokers do so in the hopes of landing a foothold in the very lucrative UK market, still the world's highest value market in…
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Retail forex broker FXCM Group LLC has announced that its trading volumes rose by 21% during May, to $213 billion. The monthly results were helped by having 23 trading days during May, versus just 20 in April, but on a daily average basis volumes were still up 6% in May. The rise in volumes at…
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Forex Sports Sponsorship... Following our exclusive report last week that big changes were afoot at retail FX and CFDs broker FxPro - CSO Vanessa Spyrou resigning, planned spreadbetting launch, Premier League shirt sponsor, Dubai FX office coming… - it was revealed over the weekend by Watford FC players modelling their soon-to-be-new uniforms that it will…
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LeapRate Exclusive... LeapRate has learned that Copenhagen-based multi asset broker Saxo Bank has inked a new partnership with Australian online cash equities broker OpenMarkets. We expect the parties to make a formal announcement shortly. OpenMarkets is one of Australia’s fastest-growing online stockbrokers. The agreement is a reciprocal one, which will see OpenMarkets and Saxo Bank,…
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FCA regulated Forex and CFD broker Plus500 Ltd (LON:PLUS) has indicated in regulatory filings that it acquired 120,000 of its own shares in open market transactions last week, as the beginning moves of a planned $10 million share buyback. In total, Plus500 spent £657,159 (USD $839,000) in Week 1 of the buyback, spreading the purchases…
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CySEC regulated retail forex and CFDs broker JFD Brokers just announced that it has hired James Chen as Head of Asian Markets, as the company reaches out to international audiences across the globe. Focusing on attracting new retail clients and IBs in the Asia Pacific region, JFD also plans to expand its asset and wealth…
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Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) today reported its operating metrics for the month of May 2017. OTC Trading Volume at Gain's Forex.com Retail FX unit was up 19% from April's $185.0 billion, to $219.5 billion in May. Active OTC Accounts were slightly up to 135,070. ECN Volume made 63.2% YoY jump to…
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LeapRate Exclusive... LeapRate has learned in conversations with senior management and others close to the situation that several big changes are cooking at leading CySEC and FCA regulated retail forex broker FxPro. We'd note, before outlining some of these changes below, that a number of rumors are being spread via email by someone who is…
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