Exclusive... LeapRate has learned during the past weeks in close contact with management and is now able to share with the public that Christopher Gore will be taking on the CEO role of major Australian headquartered MT4 Forex and CFD brokerage GO Markets. Mr. Gore started his tenure with the Melbourne-based firm back in 2009 as a…
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Gallant Capital Markets Ltd, the British Virgin Islands incorporated parent company of retail forex broker GCMFX, has announced on its website gcmfx.com that it has filed for bankruptcy via a voluntary petition under Chapter 11 of the United States Bankruptcy Code, with the United States Bankruptcy Court for the Eastern District of New York. GCMFX…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today announced that it intends to close its London-based derivatives exchange and clearing house, CME Europe and CME Clearing Europe, by year-end 2017. During the coming months, CME Group will work closely with all market participants and regulators to ensure a smooth transition and an orderly wind down…
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Migration of major brokers to MetaTrader 5 is well underway. MetaQuotes Software Corp. today announced that XM.com, IC Markets and Hedge Total will launch the multi-asset HFT platform this spring. Chris Zacharia, Marketing Director of XM Group, commented: It is something we have been patiently expecting for a long time, and I truly believe it…
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An Auckland-based foreign exchange broker has collapsed, leaving dozens of customers owed more than $1 million facing "significant" losses, NZ Herald reported. Forex Brokers was established in 1995 and had an office in the Dingwall Building on Auckland's Queen Street. Companies Office filings show shareholders of the company yesterday appointed PKF Corporate Recovery & Insolvency…
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Copenhagen based multi asset broker Saxo Bank has announced its March trading volumes. And, in line with what we have seen at other leading Forex and Online brokers so far, March was a very good month at Saxo Bank. Overall, trading volumes at Saxo Bank were up 19% MoM in March, totaling $376.7 billion -…
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One of March's most anticipated forex trading volumes reports is now in, with FXCM reporting a healthy 12% MoM rise in activity. Overall, March volumes came in at $225 billion at FXCM, versus $201 billion in February. (We'd note however that on a daily-average-volume basis, FXCM customer trading activity was actually down 3% MoM in…
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Retail forex broker GAIN Capital Holdings, Inc (NYSE: GCAP) just reported their operating metrics for the month of March 2017. Apparently, the acquisition of the US clients of FXCM - now Global Brokerage Inc (NASDAQ:GLBR) - drove Gain Capital to higher FX volumes last month, after their low Forex volumes in February. OTC Trading Volume…
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Exness also reported highest ever number of active clients during a calendar month at 46,112.
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LeapRate Exclusive… LeapRate has learned via regulatory filings made in Norway and the UK that Norway’s central bank, Norges Bank, has increased its position in UK online Forex and CFDs broker CMC Markets Plc (LON:CMCX) to 4%, making Norges one of CMC's largest shareholders. The Norges Bank stake in CMC consists of 11.73 million shares, worth about…
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