The majority of Alpari Group's trading volumes come from Russia. So far, August volume metrics reported by both retail forex brokers and institutional forex trading venues seem to be very hit and miss. By that, we mean that some firms are seeing the typical summer-break slowdown in forex trading, while others are (somewhat surprisingly) seeing…
Read moreDeal with Forex Online Changer will allow locals to deposit Indonesian Rupiah and trade in US$. Cyprus forex broker ForexTime (also known as FXTM) has announced a deal with local Indonesian online payments company Forex Online Changer, which will allow Indonesian traders to deposit IDR (Indonesian Rupiah) and trade in USD. The service will be commission…
Read moreBank for International Settlements reports more FX industry concentration; and 33% growth since 2010.
Read moreFourth month in a row of volume decreases for Monex, after a fast start to the year. It is probably just a summer slowdown, similar to the 27% decline in August volumes seen at GMO Click, but a fourth consecutive month of volume declines at Monex Group are potentially worrying. The mid-sized Japan forex…
Read moreTradefair 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…
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