LMAX also set to launch an institutional trading venue with 'no last look', aimed at high frequency traders. In a recent interview with LMAX CEO David Mercer posted on the LMAX website, LMAX reported some very interesting developments in its business. On the volume side of things -- the lifeblood of any forex broker, retail…
Read moreHowever on a relative basis both did much better than Forex ECN rival EBS. But why? After setting volume records in June, Thomson Reuters FX and its still-separately-run subsidiary FXall reported forex volume slowdowns in July. Thomson Reuters FX came in at $114 billion daily in July, off 22% from June's $147 billion, and FXall…
Read moreHowever Mt Gox reports major IT and banking upgrades are on the way. Those in the retail forex world -- who know the importance of immediate deposits and providing the immediate ability to trade once a client decides to deposit money to his/her account -- will understand how serious an issue has been at play…
Read moreBitcoin trading will be available with up to 5x leverage on both AvaTrader and AvaTrade's MT4. With Bitcoin prices settling into a much more normal trading range since wild daily Bitcoin price swings of 50%+ were the norm back in April, more forex and binary options brokers are adding Bitcoin trading, feeling comfortable in their…
Read moreMulti-dealer platforms (like ECNs) have to register as SEFs -- but clients could choose to use other venues and avoid extra legal work. An interesting article in Risk Magazine provides a good overview of the concerns several of the leading Forex ECNs have as Dodd-Frank SEF rules come into effect this October. Essentially, multi-dealer platform operators…
Read moreThird month in a row of volume decreases for Monex, after a fast start to the year. In Japan, it seems as though the large are getting larger, while the small are struggling in the forex industry. Retail forex broker Monex has reported its July volumes, and they are down 38% from June. Monex July…
Read moreMt Gox would like to increase the acceptance of Bitcoins as payment by 'regular' merchants. LeapRate Exclusive... LeapRate has learned that Bitcoin exchange Mt Gox is about to launch a major ad campaign to promote Bitcoin as a 'regular' form of currency for merchants, both online and offline. The campaign will revolve around showing how…
Read moreIs EBS losing market share to Thomson Reuters, FXall and Hotspot FX in the Forex ECN market? It doesn't always work this way, but it does appear as though institutional forex traders are on vacation this summer, while retail traders have remained at their screens this year. The question for EBS -- which after a…
Read moreWill allow Integral to offer a regulatory-compliant FX trading platform, delivered as a service. Forex trading solutions and services provider Integral has announced that it has filed an application with the CFTC to launch a Swap Execution Facility (SEF) under the CFTC's recently announced SEF rules issued pursuant to the U.S. Dodd-Frank Act. Pending approval, Integral will…
Read moreCF Invest is apparently 'using' the rightful license granted to properly-regulated CFI Markets. Cyprus financial regulator CySEC has sent out a release warning investors against CF Invest Ltd., and their website www.cfinvestltd.com, stating that they are not and have never been licensed by CySEC. From a quick visit to the CF Invest website, it appears…
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