Continuing the up and down month (but with very slight variations) we have seen in Forex trading volumes from leading eFX platforms, May spot FX volumes at NEX Markets came in at $81.3 billion ADV - up 7% over April. We recently reported that the EBS BrokerTec unit was renamed NEX Markets, effective immediately, following the parent…
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It took only 869 days. Nearly 29 months after the fateful Swiss Franc spike of January 15, 2015, Special administrator KPMG has announced that on Friday, June 2 they sent out notices to former Alpari UK clients, indicating that final distributions to account holders at the now-bankrupt Retail Forex broker have been made. The last…
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Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has announced that it has received a notice from the Tianjin Precious Metals Exchange Limited in China (TPME) to the effect that the TPME will adjust its precious metals spot trading business with a view to reduce the trading risks. As a result,…
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It was week involving a number of somewhat severe regulator moves in Forex Industry News at LeapRate. Both the Cypriot and Australian financial regulators suspended / revoked the licenses of Retail Forex brokers. And in the US, an offshore broker was sued for taking US clients, a big no-no in the business. In our continuing…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today announced that overall May 2017 average daily volume (ADV) reached 16.5 million contracts, up slightly from 16.3 million in April. Full exchange results by product can be found below: Interest rate volume averaged 8.9 million contracts per day in May 2017, up 20 percent from May 2016. …
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Shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS) traded up sharply on Friday morning, after the company announced a planned $10 million share buyback, strong cash levels, and healthy Revenues growth so far in Q2. First, Plus500 announced that trading activity during Q2 has continued on a positive trend as outlined in Plus500's first quarter…
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Switzerland based retail forex broker Dukascopy has announced that it has added some new commodity CFDs for trading. New CFD commodities launched for live trading on Dukascopy include Natural Gas to US Dollar (GAS.CMD/USD) and High Grade Copper to US Dollar (COPPER.CMD/USD), for regular LIVE self trading accounts. Maximum leverage on GAS.CMD/USD and COPPER.CMD/USD is set…
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Continuing the string of fairly flat to slightly up trading volumes at leading eFX platforms we've seen for the month of May, multibank FX aggregation service FXSpotStream has reported that volumes on its system were up 2% MoM in April. Average daily volume at FXSpotStream came in at $17.5 billion in April, versus $17.1 billion in…
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Legal website Law360 is reporting that the US CFTC has filed a lawsuit against offshore retail forex broker Tallinex, for illegally taking on US clients. The CFTC also named a US introducing broker of Tallinex, called General Trader Fulfillment LLC. The suit was filed in the U.S. District Court for the District of Utah - apparently because General…
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LeapRate Exclusive... LeapRate has learned that CySEC regulated retail forex and CFD broker GBE Brokers has hired FX industry veteran Jaymes Payten-Marsh to a newly created position of Global Head of Marketing. Mr. Marsh joins GBE Brokers in Cyprus. He was previosuly Marketing Director at FxNet, and Head of Marketing and Communications at FXTM. GBE Brokers, whose management…
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