FXCM shares up despite news that two senior officers of FXCM recently sold most of their shares. Shares of publicly traded forex brokers continue to surge forward. On a day when stocks were generally down (Dow -0.7%, S&P500 -0.5%), leading forex broker FXCM continued its climb upward -- crossing the $19 line, setting an all-time…
Read moreHotspot FX still on a hot streak, but July volumes decline in line with its Forex ECN peers. After seeing its best-ever forex volume month in June, Forex ECN Hotspot FX reported that July volumes declined by 22%, to average $28.6 billion per day. The decline was basically in line with Hotspot's Forex ECN peers,…
Read moreAllows brokers to set up pop-up alerts and notifications right from inside the CRM. LeapRate has learned that leading Forex platform provider Leverate has added a built-in alert wizard to its LXCRM product for forex brokers, which allows brokers to effortlessly create new alerts, without any knowledge of coding or development. For example, if a client…
Read moreUS Retail Forex assets down 17% from the end of 2011. U.S. Retail Forex client asset data for June is now out, courtesy of the CFTC, and it shows the continuing shrinking of the US retail forex market. As per the table below, US retail forex client assets were down more than 1% in the…
Read moreThose who make money by having retail traders copy or mirror their trades will need to be licensed. LeapRate Exclusive... LeapRate has learned that two of the world's leading financial regulators, certainly when it comes to forex regulation -- ASIC in Australia and the FCA in the UK -- are in the advanced planning stages…
Read moreBofA Merrill Lynch replaces UBS as CFH's primary forex prime broker. Institutional FX brokerage CFH Clearing announced today that it has selected Bank of America Merrill Lynch as its new FX prime broker and its primary prime broker, as of August 1. London-based CFH will continue to work with UBS as a prime broker, predominantly for Precious…
Read moreForex.com's parent company is now up 37% since releasing Q2 results, and up 89% for 2013. At the risk of repeating ourselves too much over the past few days and weeks, we still feel it important to point out that forex broker Gain Capital saw a second day in a row of strong demand for…
Read moreThe normally slow summer trading season has been anything but that at the CME. CME Group, which runs the world's largest derivatives marketplace, announced it saw several volume records in a number of crude oil related products over the past two weeks. Crude Oil prices have bounced around nicely in early August, starting the month…
Read moreTradeSlide aims to have its scores (and owl logo) become an industry standard for rating traders. LeapRate has learned that forex social trading and education company TradeSlide has achieved a key point in its development by receiving UK FCA licensing. TradeSlide's license allows it to control, but not hold client money and assets. As we exclusively…
Read moreGCAP up 21%, FXCM up 6% to a new all time high after Q2 results and metrics released on Wednesday. Why? Margins. Leading US forex brokers FXCM and Gain Capital reported Q2 results on Wednesday, and the stock market seems to have liked both. With both brokers reporting record volume metrics in April-May-June, the stellar…
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