Gold-i comes full circle, doing business again with its first-ever client. Forex historians might even not know the answer to the question, 'Who was MT4 bridge provider Gold-i's first ever client?'. The answer, of course, is ACM, the Swiss forex brokerage acquired by leading Swiss retail trading firm Swissquote. Swissquote is today one of the…
Read moreLeverate's LXFeed completely rebuilt based on multicast architecture. For those of you who know the history of Leverate -- which began with its state-of-the-art datafeed -- it should come as no surprise that the leading FX platform provider continues to put a technology emphasis on its LXFeed data feed product. Leverate has announced that it…
Read moreOverall volumes on the Moscow Exchange were down 11% in August, but up 23% from last year. Not surprisingly, Russian traders love their (short) summers, and again this August headed for the hills (and beaches), sending trading volumes on the Moscow Exchange down by 11% from July. However, as the Moscow Exchange continues to add…
Read moreLeading Turkish broker Integral Menkul Degerler signs $10 million deal to sponsor Beşiktaş Gymnastics Club. LeapRate Exclusive.... Another sign that the forex industry has come of age in Turkey. LeapRate has learned that leading Turkish retail forex broker Integral Menkul Degerler has a deal to sponsor one of Turkey's leading professional basketball clubs, Besiktas. The Beşiktaş men's basketball…
Read moreLCG's first half saw a 7% drop in revenues, at a time when other UK online trading brokers saw a nice rise in business. Quick follow-up to our story last week detailing London Capital Group's first half financials.... LCG shares have continued to drift downward in the past few days, completing a 17% drop in…
Read morePhoenix Forex requires investors to pay a substantial up-front fee of up to $25,700 to subscribe for the system. New Zealand's financial regulator FMA has issued a warning against currency account manager Phoenix Forex Limited of Auckland, and the OakFX foreign exchange trading system, for which Phoenix is the exclusive distributor. According to the FMA, Phoenix Forex…
Read moreFin-tech VC firm FTV helps Credorax build $40 million warchest to expand to new markets. Payment processing solutions developer Credorax has raised $40 million from New York-based venture capital firm FTV Capital, which specializes in financial technologies. According to Israeli business newspaper Globes, FTV's $40 million gave it a 20% stake in Credorax, meaning that…
Read moreTradency is focusing on the expansion of its network of back-end partners. Mirror Trader provider Tradency has announced a partnership with institutional FX broker CFH Clearing. CFH Clearing's interbank clearing technology will be integrated with Tradency's Mirror Trader platform, providing brokers with a combination of front end and back end technology. CFH recently went through a…
Read moreFX volumes rose 44% in Q2 at Russia's largest public trading market. Moscow Exchange reported its Q2 financial results and trading volumes, both of which increased nicely. The exchange reported revenues of RUB 6.3 billion ($189 million) in Q2, up 14% from Q1 and 21% from last year's Q2. On the volume side of the…
Read moreIn its first financial report since its IPO in July, Plus500 sees its shares barely react, trading up 0.6%. CFD broker Plus500 has reported its first financial results as a public company, and they were (in our view) quite impressive. Virtually everything at Plus500 -- Revenues, EBITDA, Net Income, Revenue-per-Client (ARPU) -- showed a large…
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