Category: News

August 10, 2014 BY Gerald Segal

FXCM's Q2 results - a closer look at margins

With Forex industry leader FXCM reporting a net loss in its second quarter results earlier this week, there are many in the industry wondering if the current malaise facing the industry due (mainly) to lower volatility in 2014 is reason for long term concern. A closer look at FXCM's Q2 results shows - probably not. Let…

Read more
August 08, 2014 BY Gerald Segal

FXCM acquisition of FXDD US clients - $4.4 million

LeapRate Exclusive... LeapRate has learned that the May acquisition by FXCM (NYSE:FXCM) of FXDD's US client assets was done for cash consideration of $4.4 million. It turns out that the assets acquired were a little less than previously advertised - FXCM ended up getting $23.4 million in client equity spread among 6,172 active accounts. FXCM's…

Read more
August 08, 2014 BY Mike Fox

FCA Warning: Stay away from "Leveltrade Ltd" (leveltrade.com)

The FCA in an official press release, believes a firm calling itself LevelTrade has been providing financial services or products in the UK without authorisation. They state to be especially wary of dealing with this unauthorised firm and protect yourself from scammers. Any forex firms and individuals offering, promoting or selling financial services or products…

Read more
August 08, 2014 BY Mike Fox

August 8th Weekly Westpac Foreign Exchange Video News

Sean Callow talks about the Australian unemployment report which drove the AUD to two month lows and created the prospect of another rate cut. He goes on to talk about factors balancing the AUD at levels above 92 cents. Pushing the AUD up are the expected positive business and consumer sentiment results and rise in…

Read more
August 08, 2014 BY Mike Fox

MSE to use Bloomberg Terminal electronic trading system

Angar Davaasuren, CEO of the Mongolian Stock Exchange (MSE) based in Ulan Bator, had a meeting with Asian financial market representatives from Bloomberg on August 4th. The meeting covered carrying out government securities trade using the Bloomberg Terminal electronic trading platform. The Minister of Finance directed the MSE to implement 2013 Parliament Resolution No. 41…

Read more