Shares are up nicely by more than 40% since the low marked in late December Shares of GAIN Capital (NYSE:GCAP) have gained close to 7% in Monday trading after the company has reported staggering volume numbers for the month of January. Aside from setting a new all-time volumes record, the report serves to dispel concerns…
Read moreFX is one of the bright spots growing by 13% throughout 2013 New-York based and NASDAQ listed brokerage and risk management advisor INTL FCStone (NASDAQ:INTL) has reported its financial results for the first quarter of 2014 that ended on December 31. Operating revenues were lower than a year ago by 10% coming out at $113.4…
Read moreHighest volume metrics numbers since July could be spelling more growth ahead One of the market leaders when we talk about forex brokerages - FXCM (NYSE:FXCM), has reported on the state of its order books in the first month of 2014 and the results are rather steady. Retail FX volumes at the brokerage were up…
Read moreSwiss private bank Bank Vontobel is launching a new offering in Forex spot, forward and swaps. Institutional trading platform provider smartTrade Technologies has announced that Bank Vontobel, a Swiss private bank, will introduce a new offering in Forex trading for spot, forward and swaps to its clients based on smartTrade's LiquidityFX hosted solution. The platform includes…
Read moreThe Sirix Mobile upgrade includes improved charts with embedded indicators, and placing orders directly from charts. Mobile trading used to be a nice-to-have for forex and binary brokers, and not long ago moves to become a need-to-have. But most transactions still took place on desktops or tablets. But that is rapidly changing. As people worldwide do more…
Read moreGain Capital (NYSE:GCAP) sees $212.5 billion retail and $494 billion institutional volume metrics in January. What a great start to the year for Gain Capital, which owns the Forex.com and Gain GTX brands. After seeing volumes disappoint somewhat during Q4 after Gain closed its acquisition of GFT -- sending its share price into a tailspin,…
Read moreCyprus regulators seem intent on making up ground on the perception that they let things slide before the banking crisis. Lately we have seen Cyprus' financial regulator CySEC make some interesting pronouncements on issues such as client bonuses, tax evasion and money laundering, in attempt (in our view) to 'lay down the law' and make…
Read moreFCA hints that criminal charges are coming; Asset Managers launching lawsuits. So far, the major fallout of the investigations launched by several national financial regulators into the rigging of the global currency market -- specifically into the way the daily 4pm cross currency fix is set -- has been limited to some bad press for…
Read moreMt Gox claims an 'increase in the flow of withdrawal requests has hindered our efforts on a technical level'. Leading Bitcoin exchange Mt Gox has (once again) halted Bitcoin withdrawals, after an increase in withdrawal requests led to (they claim) technical problems. Mt Gox had previously halted withdrawals several times, but quickly worked to have…
Read moreCanada's RBC Capital Markets sees Graeme King depart as co-head of FX spot trading. The revolving door continues to swing in the executive suites of major banks. Last week we reported on the departure of Anil Prasad, Citigroup Head of FX. Well the weekend has brought more changes, with Canada's largest bank RBC announcing that its co-head…
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