Category: News

August 01, 2013 BY Gerald Segal

GMO Click July forex volumes remain above $1 trillion

Our first peek at July forex trading volumes looks good. Leading Japan retail forex broker GMO Click has announced that July forex volumes totaled ¥107.2 trillion, or $1.07 trillion during the month. That's basically flat as compared to June's ¥106.2 trillion, when GMO topped the $1 trillion dollar mark for the first time. While we…

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August 01, 2013 BY Gerald Segal

Peter Cronin joins Gain Capital (GTX) from UBS

Cronin will expand Gain GTX institutional platform sales overseas (EMEA region). Gain Capital (Forex.com) announced that it had hired Peter Cronin to head its institutional sales business in the EMEA region for Gain GTX. At UBS, where Cronin had spent the past 13 years, he acted as Head of EMEA e-Commerce. Gain Capital institutional business has grown…

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August 01, 2013 BY Gerald Segal

CME Group Q2 revenues and earnings beat expectations

Greater volatility and record volumes from Asia and Latin America drive growth. CME Group, which runs the world's largest derivatives marketplace, released its Q2 results today, which were up nicely and which handily beats Wall Street analysts' expectations. CME Q2 revenues came in at $816 million, up 14% from Q1, while net earnings totaled 311…

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July 31, 2013 BY Gerald Segal

KCG continues selling assets – is Hotspot FX next?

The post Knight Capital-Getco merger sale of non-core assets continues, with reverse mortgage originator Urban Financial sold for $80 million. KCG Group -- the company resulting from the merger of Knight Capital and Getco -- has announced the sale of Urban Financial for $80 million to an investor group led by financier Brian Libman. Urban is…

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July 31, 2013 BY Gerald Segal

Retail forex trading becoming a force in Australia

Not quite Japan, but retail trading is rapidly becoming an important part of the global forex market. An interesting article in The Australian Financial Review highlights the growing importance of retail forex trading in Australia, Japan and elsewhere around the globe. The conclusions of the article should not be surprising to our readers -- our Retail…

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July 30, 2013 BY Gerald Segal

GFMA hires Morgan Stanley and Goldman Sachs alum Andrew Harvey to fight FX transactions tax

Lobby group GFMA has been actively fighting a Europe-wide financial transaction tax. The Global FX Division of financial sector lobby group Global Financial Markets Association (or GFMA) has hired Andrew Harvey as Managing Director, Europe. This represents a very senior hire for GFMA -- Harvey joins from Morgan Stanley where he was COO of Derivatives Operations.…

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July 30, 2013 BY Gerald Segal

AvaTrade receives BVI FSC regulatory license

AvaTrade now regulated in Europe, Australia, Japan, and the BVI. Leading Ireland-based forex broker AvaTrade, a member of LeapRate's Approved List of global regulated forex brokers, has announced that it has become one of the few forex firms to receive regulatory approval of the British Virgin Islands Financial Services Commission. Quite a number of forex brokers are…

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July 29, 2013 BY Gerald Segal

LeapRate Retail FX Volume Index increases 3% in June to a new record

The great reawakening of Japan's Retail Forex industry leads to a restatement of our index. LeapRate's Retail FX Volume Index, sponsored by Leverate, hit another all-time record in June, rising nearly 3% to $329 billion daily. Forex industry trading volumes continue to sit about 20%-25% above last year's levels. The increased activity in the retail FX…

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July 26, 2013 BY Gerald Segal

Swissquote forex volumes up 37% in Q2

Swissquote reports healthy Q2 profits at the corporate level as well, as clients and assets grew. Leading Swiss online brokerage Swissquote (a member of LeapRate's Approved List of global regulated Forex brokerage firms) announced today that FX volumes increased a whopping 37% during Q2, to average CHF 30.5 billion ($32 billion) per month, up from…

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