Forex.com's parent company shares are up 195% so far in 2013. Wall Street continues to be enamored with the retail forex sector. Just one week after we reported that Gain Capital shares had closed above $11 a share the first time -- and just two weeks after GCAP first hit $10 -- Gain Capital shares have…
Read moreInvestment Trends annual report places IG #1 overall and AxiTrader as the #1 domestic Australian CFD broker. Research shop Investment Trends has released its annual review of its home CFD market in Australia, and it contains some interesting findings. Mainly, it seems as though Australia has gone mobile -- Australian CFD traders had the highest level…
Read moreAlpari saw significant growth in international volumes in normally-slow August. Some follow-up to our earlier piece on Alpari's record August volumes... The folks at Alpari have been nice enough to break out for us Alpari Russia volumes versus rest-of-the-world (mainly Alpari UK). Historically, more than 50% of the Alpari Group's volumes have come from Russia,…
Read moreCurrensee had been built with about $20 million of venture capital funds. We'll have more on this later, but for now here's the press release: September 24, 2013 06:53 PM Eastern Daylight Time OANDA Announces Acquisition of Forex Copy Trading Network Currensee Acquisition Reaffirms OANDA's Commitment to Growth and Market Leadership TORONTO--(BUSINESS WIRE)--OANDA, a pioneering global…
Read moreAcquisition will actually be net cash positive for Gain Capital. Forex broker Gain Capital (NYSE:GCAP) has announced that it has closed its previously announced acquisition of rival GFT. The deal, first announced in April, followed a month-long flurry of activity which saw FXCM make a takeover bid for Gain, which Gain Capital fought off by…
Read moreQuestions also surround whether MMA Group's claimed airline MMA Airline actually exists. This is probably either one of the best con jobs or worst smear jobs of all time. Or perhaps both. This is what we (think we) know about the supposed defrauding of clients of Dubai Forex broker MMA Forex, issues at its parent…
Read moreMulti-bank multi-asset platform provider 360T looks to expand its institutional business in the US. The CFTC has granted its most recent SEF license to Frankfurt-based trading platform company 360 Trading Networks (known better in the industry as 360T). This is a little different than most of the other SEF application approvals made so far --…
Read moreFaros clients are mainly hedge funds, institutional money managers, corporations, and family offices. Just a few days after acquiring Alpari US's retail assets, global forex leader FXCM has made an acquisition on the institutional side of its business, buying Faros Trading. Faros is a leader in FX intelligence, market coverage, and execution services to the institutional foreign…
Read moreIG joins ETX Capital in making a greymarket in Twitter shares. LeapRate Exclusive... LeapRate has learned that UK spreadbetting leader IG.com has quietly launched greymarket trading in shares of Twitter. Those traders who do not want to wait for Twitter's actual IPO, recently announced and planned for later in Q4, can already take a position…
Read moreVery little money changed hands, for FXCM to acquire Alpari US's $10 million in client assets. As we predicted would happen, all but the largest US retail forex brokers are one by one deciding to exit the US market, and focus their efforts elsewhere. The problem has nothing to do with the true dynamics of…
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