Dubai Financial Market (DFM) has just announced that EFG Hermes Brokerage has become the first member that receives a DFM accreditation to provide the Allocation Account Service to its client base. The DFM has launched this new service recently in a pioneering step amongst regional markets, as of its efforts to reinforce its business framework…
Read moreFollowing two consecutive months of record FX trading volumes to start off the year, GTX – the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) – has reported that it continued its strong Q1 with another stellar month in March. GTX reported $374.6 billion of total trading activity in March between its…
Read moreZ.com Trade, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177), has announced that effective today the execution mode on its Classic Account will be changed to Market Execution. Currently Z.com Trade's Classic Account uses the Instant Execution mode, however this setting unfortunately limits the liquidity sources available. This change is necessary…
Read moreElectronic trading solutions provider TradingScreen has announced a new partnership with Liquidnet, a global institutional trading network, to further benefit buy-side customers’ order access and execution capabilities. The partnership allows for integration with TradingScreen's order and execution management system TradeSmart, enabling users to access Liquidnet's global pool of institutional liquidity and advanced trading strategies. TradeSmart is a…
Read moreAfter a stellar start to 2018 trading, Forex ECN FastMatch has reported a somewhat expected decline in activity during the month of March. After seeing two of its best months ever in January and February, FastMatch FX trading volumes declined by 11% MoM in March 2018, coming in at $18.8 billion ADV. FX trading volumes…
Read moreAfter setting two consecutive trading volume records in January and February, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a marked decline in activity during March. After reporting daily average trading volumes of $44.3 billion in February 2018 and $42.6 billion ADV in January to…
Read moreAfter we reported exclusively in October about the launch of a new cryptocurrency copy trading platform called Covesting.io, LeapRate has learned that Covesting has successfully completed an ICO raising $18 million, and is getting set to launch the beta testing of its platform. Covesting - a fintech startup launched by former Saxo Bank traders -…
Read moreForex Industry News and commentary this past week at LeapRate was clearly dominated by ESMA's (not so surprising) decision to cap Forex and CFD trading leverage at 30x - and that just for Forex major pairs. All other instruments, including cryptocurrencies, will be subject to an even lower leverage maximum. How did leading EU brokers…
Read moreOn 28 March, the International Islamic Financial Market (IIFM) and World Gold Council have led the IIFM-WGC Industry Consultative Meeting on Gold Documentation and Products Standardisation in Istanbul, Turkey. The meeting was hosted by Borsa İstanbul and organized by the Islamic Finance Directorate. The meeting assessed current market practices with respect to identified gold related…
Read moreRadiflow, a provider of industrial cybersecurity solutions for critical infrastructure, has announced that RSA, a global cybersecurity firm delivering Business-Driven Security™ solutions, has joined the company’s technology partner ecosystem. Radiflow’s technology partner ecosystem consists of a growing network of complementary cybersecurity products and technologies that extend the capabilities of the company’s industrial cybersecurity solutions. The…
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