LMAX Group enables clients to trade outside of market hours with a new Weekend FX service LeapRate

June 10, 2020 BY Steffy Bogdanova

LMAX Group enables clients to trade outside of market hours with a new Weekend FX service

David Mercer, CEO of LMAX Group, commented: The last few months have reinforced the common understanding that volatility doesn’t stop on a Friday night and risk events have now extended beyond the working week. As a result, the current trading session doesn’t reflect market participants’ increasing need to access FX liquidity 24/7 in order to…

June 10, 2020 BY Steffy Bogdanova

CMC Markets’ professional Prime Derivatives platform launches in Australia

Andrew Wood added: There has been unprecedented market activity this year across global markets driven by the Coronavirus pandemic, and with that comes opportunities, in particular for intra-day traders. Our new platform opens up a range of popular products and trading features for partners and their clients in times of volatility including short-selling and hedging.…

June 10, 2020 BY Steffy Bogdanova

BidFX updates mobile app to improve remote trading

Alan Dweck, Chief Operating Officer at BidFX, commented: This unprecedented health crisis is splitting office and remote working. As some of the worlds largest financial institutions adjust their working practices to fit this new enviroment, it is imperative FX technology keeps apace. This latest version of our app provides traders with the full desktop FX…

Tradesmarter is restructuring its fee structure

June 10, 2020 BY Valentina Kirilova

White label trading platform Tradesmarter announces relaunch as monthly flat rate product

Tradesmarter offers a wide range of CFD asset classes with Forex and digital asset liquidity via direct FIX API or via OneZero hub. Ben Horovitz, COO of Tradesmarter, commented on the news: By relaunching Tradesmarter as a complete B2B solution with clear published flat-fee pricing, we bring new transparency standards to the industry and offer…

June 10, 2020 BY Steffy Bogdanova

FXCM introduces UKOilSpot and USOilSpot CFD products

Both products, UKOilSpot and USOilSpot, have the same CFD contract sizing and pip costs as FXCM’s Futures Oil CFDs. The spot products have a daily financing fee for holding positions past 5pm EST, while existing futures products do not. Brendan Callan, CEO of FXCM said: With the collapse of oil prices recently, many traders are…

June 10, 2020 BY Valentina Kirilova

Daily Market News: Morgan Stanley CEO upbeat as market awaits Fed announcement

Sharp pullback for UK stocks in face of new data The FTSE 100 and FTSE 250 sank sharply yesterday, with both indices losing 2.1% apiece, leaving London-listed stocks stuck in correction territory while US shares are creeping past the breakeven point year-to-date. Investors had multiple data points to digest, including information from the British Retail…

June 10, 2020 BY Steffy Bogdanova

Gain Capital’s trading volumes continue to fall with almost 5%MoM in May

The average daily volume OTC trading was $8.5 billion, down by 1.2%, compared to April when it was 8.6%. Futures contracts amounted to 543,683 in May, a 4.1% MoM drop compared to 567,189 last month. Gain Capital announced that the company’s stockholders voted last Friday to approve the set forth in February merger with financial services provider…

June 10, 2020 BY Valentina Kirilova

Midweek data preview: record contraction of GDP in the eurozone

Cable, four-hour Having made a fresh three-month high around $1.275 overnight, the pound has now retreated somewhat against many currencies today including the dollar. More news of the UK’s lockdown being eased is awaited, and a general weakening of “risk on” so far today has weighed on the pound somewhat. No real progress was made…

Deutsche Börse appoints capital market veteran Paul Hilgers as managing director of cash market

June 09, 2020 BY Steffy Bogdanova

Industry veteran Daniel Ciment joins IEX Exchange as chief operating officer

IEX President and Co-Founder Ronan Ryan commented: Daniel has spent his career providing best-in-class service and product innovation to all market participants, developing deep expertise, knowledge and earning the respect of the industry. As COO of IEX Exchange, this experience will be invaluable. I’m thrilled Daniel has joined the team and look forward to working…

June 09, 2020 BY Steffy Bogdanova

TrueFX adds Sucden Financial to its clearing member network

Wayne Roworth, Co-Head of eFX at Sucden Financial commented: We are pleased to be joining the TrueFX network as a clearing member and offer our clients access to this service with valuable connectivity to the marketplace. TrueFX is an exciting development for the FX market and we are proud to demonstrate our commitment to this…

Category: Forex