The Moscow Exchange became the first regulated market for the Yuan outside China in 2010. Russia's Moscow Exchange has reported that last Tuesday, May 28, it saw record trading levels for the popular Yuan-Ruble CNYRUB FX pair, since Yuan trading was introduced in 2010. In the first quarter of this year trading volume in the Yuan…
Read moreFXCM positions itself strongly to pursue acquisitions, raising nearly $50M more than planned following strong demand for its notes. Leading FX broker FXCM, a member of LeapRate's Approved List, has increased the size of its initial note offering from a planned $125 million to $172.5 million, following strong demand from institutional investors for the offering. FXCM's five-year…
Read moreFor the past year IG Group has been rebranding its businesses under the generic 'IG' name. LeapRate has learned that leading UK online brokerage and spreadbetting firm IG Group has spent millions of dollars acquiring the IG.com domain name. IG Group management apparently plan to consolidate all of IG's various brands and businesses, such as…
Read moreReflects CFH's evolving business, now focused on CFH's gateway to the interbank market. Institutional FX brokerage CFH Markets has decided to rebrand as CFH Clearing. The name (and image) change was made primarily to reflect CFH's business operations as an interbank prime of prime solutions provider to small and medium sized institutional clients. CFH has moved…
Read moreRetail FX volumes driven by continued strong volumes in the Far East, aided by commodities volatility. LeapRate's Retail FX Volume Index, sponsored by Leverate, hit an all-time record in April, rising nearly 10% to $215 billion daily. FX trading volumes now sit about 25% above last year's levels. The increased activity in the retail FX sector was…
Read moreFXCM has $275 million in cash, and just over $100 million in debt. So why is it borrowing more money? Leading FX broker FXCM, a member of LeapRate's Approved List, announced yesterday its plans to raise $125 million in 5-year convertible notes. (Up to $144 million, actually, if the Wall Street underwriters choose to exercise…
Read moreInvestment Trends reports 20-30% year-over-year increase in participants in FX and CFD trading in France. Research firm Investment Trends published an updated report on FX and CFD trading in France, which showed a healthy increase in trading in 2012 over 2011, despite lower volatility levels. (We understand, in our conversations with brokers and platform providers,…
Read moreACTIV's European market data with integrate with PFSOFT's Protrader Multi-Asset Trading Platform. Data provider ACTIV Financial has announced that trading platform company PFSOFT will now offer ACTIV's European equities, options and futures market data through PFSOFT's multi-asset trading platform, Protrader. PFSOFT's move comes as brokers increasingly look to broaden their electronic trading capabilities beyond FX…
Read morePayment processor Liberty Mutual owner Arthur Budovsky arrested in Spain in a money laundering investigation. Things keep getting murkier in Bitcoin land. After the US government froze a mobile payments account associated with leading Bitcoin exchange Mt. Gox, and the CFTC indicated it is looking at regulating Bitcoin trading, now comes word that payment processor Liberty Mutual has been shut down,…
Read moreAustralia's leading commercial banks outsources FX trading platform across its global franchise. US-based technology provider Broadway Technology has announced that the latest client for its FX platform is Australia's Westpac. Broadway cited its expectation that currency flows (and trading) in AUD and NZD pairs will increase five-fold over the next three years, as a reason…
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