Stock market continues to like shares of Forex brokers. As the equity markets in the US continue to set new highs, shares of publicly traded Forex brokers have not been left behind. For the first time since going public in December 2010 (for $14 per share), FXCM saw its share price briefly hit $17 on…
Read moreDodd-Frank exception for SEC registered broker dealers was to expire July 16, 2013. The SEC has quietly extended by three years the exception provided to broker dealers to engage in what it terms 'retail forex transactions'. By the straight Dodd-Frank Act rules, all broker dealers in the U.S. were to cease Forex transactions with retail…
Read moreSpotOption also introduces Ladder Trading feature to its binary platform. Leading binary options platform provider SpotOption has announced that it has opened an office in Tokyo, in anticipation of Japan's JFSA and FFAJ (the Financial Futures Association of Japan) reopening Japan's binary market. As we reported back in November, Japanese authorities quietly instructed brokers to stop…
Read moreZoneOptions becomes the third regulated binary options broker in Cyprus. As a follow-up to our recent article, in which we exclusively reported that CySEC had approved a third binary options broker by issuing a CIF license to Rodeler Limited, parent of ZoneOptions, comes word that CySEC has indeed added ZoneOptions to its list of regulated…
Read moreGain Capital sees similar slowdown in both its retail and institutional businesses. Forex broker Gain Capital saw a slight slowdown in its clients' forex trading volumes during June, with retail volumes coming in at $155 billion and institutional volumes at $367 billion. Both figures were down 4% from Gain Capital's record May figures. To see…
Read moreRyan Primmer replaces Darren Mast as the newly renamed KCG's Global Head of Fixed Income, Foreign Exchange and Commodities. While these kind of leadership changes are not unusual following an acquisition -- especially when it is the merger of similar companies -- there has nevertheless been somewhat of a revolving door in the management suite…
Read moreEBS Internet Ai allows customers affordable access to the EBS forex market, without circuit fees or data center costs. Forex ECN EBS, a unit of futures broker ICAP, is introducing a lower cost version of its EBS Spot Ai, with EBS Ai protocols now available over the internet via EBS Internet Ai. The new EBS Internet…
Read moreHotspot FX reports its first volume metrics as a newly private company, and they are impressive. Although it may not remain a private company (or rather, part of a private company) for long, Forex ECN Hotspot FX seems to be doing just fine outside the limelight of the public markets. Now owned by Getco, Knight…
Read moreAnother record month for Retail forex volumes at FXCM. The good news from leading forex industry brokers just keep on coming.... Leading retail forex firm FXCM, the world's largest online global FX broker (and a member of LeapRate's Approved List of regulated FX brokerage firms), announced that June trading activity came in a total of…
Read moreChina Forex market continues to be a focus for the world's leading Forex brokers. Breaking news.... Forex industry leader FXCM has announced a new partnership with CITIC Newegde Futures, a key player in the China Futures market, to to open a new gateway for FXCM's forex platform in China. The agreement includes the formation of an investor-oriented educational…
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