Tradefair asks its clients to switch to GFT UK, which is in process of being acquired by Gain Capital. Things keep going from bad to worse at UK spreadbetting firm London Capital Group (LON: LCG). After switching CEOs twice this year, enduring acquisition rumors which fizzled out, and reporting disappointing first half results, now comes…
Read moreFXCM total volumes stay above $500 billion for fifth month running, with institutional FX volumes up 3x over last year. Leading retail forex firm FXCM, a member of LeapRate's Approved List of global regulated FX brokerage firms, announced that August Forex trading activity came in a total of $517 billion -- $307 billion in FXCM's…
Read moreAlex Ekdeshman and his company Paramount Management LLC used the vast majority of customer funds for business expenses. The CFTC has announced that it has obtained a federal court order against Alex Ekdeshman of Holmdel NJ and his company Paramount Management LLC, requiring $1.1 million in restitution to their defrauded customers plus a $1.3 million monetary…
Read moreGain Capital (and FXCM) shares continue to march upwards, even as insiders sell. The capital markets seem to have fallen in love with the Retail Forex industry, and as Wall Street loves nothing more than a great momentum play it seems that (at least until now) nothing is going to slow it down. In NYSE…
Read moreForex brokers continue to flock to Cyprus as a base for EU operations. LeapRate Exclusive... It seems as though Cyprus has not lost any of its cache, as a desirable and respected destination for forex brokers looking for a beachhead in the EU market. LeapRate has learned that New Zealand / Russian forex broker Trendoks…
Read more... however the Thomson Reuters / FXall combo seems to have overtaken EBS for leadership of the Forex ECN sector. After setting volume records in June, Thomson Reuters FX and its still-separately-run subsidiary FXall have reported forex volume slowdowns in first July and now in August as well. Thomson Reuters FX came in at $107…
Read moreICAP's Forex ECN unit EBS reports volumes of just $78.7 billion daily in August. The question for ICAP -- which after a strong start to the year for EBS volumes in January and February, has seen volumes drop off during an otherwise strong 2013 -- is whether this is just the summer doldrums, or an…
Read moreTradeweb Joins Bloomberg as the only granted SEFs, although several other applications are in process. The CFTC has announced the granting of an SEF license to Tradeweb Global (which actually received two separate licenses), making Tradeweb the second company, after Bloomberg, to successfully receive the designation. SEFs are the new trading venues mandated under the…
Read morexRisk is available to all brokers offering X Open Hub, as well as the MT4 platform. Leading FX platform provider X Financial solutions has announced the introduction of their new risk management product, xRisk. xRisk automates the management of a broker's risk exposure and allows for intelligent hedging based on parameters set by the user. It comes…
Read moreCMC fiscal 2013 results show a 21% drop in revenue, as the scandal revolving around CEO Peter Cruddas took its toll. Leading UK online broker CMC Markets has released its fiscal 2013 results (year-end March 31), alongside some interesting comments and admissions made by CMC Founder and CEO Peter Cruddas. Cruddas re-took the reigns as…
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