All of parent ICAP's electronic brokering businesses were up in June over May, although Forex saw the smallest increase at 2%. ICAP's Forex ECN unit EBS reported June FX trading volumes at $128.8 billion (average daily volume for the month), up 2% from May but down 6% from last year June. After two strong months…
Read moreBelize based broker MFX had applied for and received Cyprus regulation in July 2012, but never activated the license. LeapRate Exclusive.... LeapRate has learned that Belize based retail forex broker MFX Brokers, which operates under the brand names MasterForex, MFX Broker and MFX Trading Academy, has renounced its CySEC CIF license as of May 31, and is…
Read moreAs larger rival GMO Click continues to set records, Monex volumes are down 23% from April levels. In Japan, it seems as though the large are getting larger, while the small are struggling in the forex industry. Retail forex broker Monex has reported its June volumes, and they are down 14% from May, which in…
Read moreUK spreadbetting brokers look to expand into traditional retail Forex trading. Just two weeks after we reported that IG Group -- with its newly-branded and launched website IG.com -- had announced plans to launch MT4 trading for its clients later this summer, comes news that its UK spreadbetting rival City Index has beaten IG to…
Read moreLMAX CEO David Mercer: "We need to be in New York in the next 12 to 18 months." UK-based institutional FX broker LMAX, which dubs itself a 'multi-lateral trading facility for foreign exchange', in indicating its intention to open a US operation by the end of 2014. In a posting on its website, LMAX CEO David…
Read moreCME's 1.2 million daily FX futures contracts traded were its second best ever month. The good volume news keeps on rolling in the Forex industry... CME Group, which runs the world's largest derivatives marketplace, announced that June FX futures volumes increased by 18% from May (and by 15% from last year June) to 1.2 million. The…
Read moreForex industry trading volumes continue to soar in Japan, as Yen and Nikkei volatility continues. The financial market turmoil in Japan during June has served the retail forex brokers quite well. With the USDJPY pair bouncing from 100, down to 94, and then back to near 100 iby the end of June, and the Nikkei stock…
Read moreCFD broker Plus500 is planning to raise $50 million at a company value of $225 million in an IPO on London's Alternative Investment Market (AIM). BREAKING NEWS.... UK-based and Cyprus-domiciled CFD broker Plus500 has formally announced its intention to pursue an IPO on the London Stock Exchange's Alternative Investment Market (AIM). The company plans to raise…
Read moreIn major departures from its norm, IG Group is rebranding as IG.com, focusing on Forex traders, and adding a third party platform. IG Group is not exactly sitting on its laurels, despite recent stellar financial results, and the IG share price sitting at an all time high. In a piece about a month ago we…
Read moreSaxo Bank's average daily forex volumes rose by 1.4% to $14.6 billion, but total volumes fell as there were less trading days than in May. LeapRate has learned that leading global FX broker Saxo Bank, a member of LeapRate's Approved List of regulated retail forex brokers, continued its strong start to 2013 during June, with…
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