youtradeFX launches social trading based on Leverate’s Sirix platform LeapRate

July 23, 2013 BY Gerald Segal

youtradeFX launches social trading based on Leverate's Sirix platform

Social and copy trading going mainstream to help drive trading volumes at forex brokers. LeapRate Exclusive.... LeapRate has learned that UK-based forex broker youtradeFX has launched a new social trading service for clients, based on Leverate's Sirix social platform. youtradeFX was a traditional MT4 broker, which recently added Leverate's web trader platform, including the Sirix social…

July 22, 2013 BY Gerald Segal

Plus500 IPO successful – company raises $25M, shareholders sell $50M

Plus500 IPO offering oversubscribed, size increased by 50%, share to begin trading Wed July 24. CFD broker Plus500 has completed a successful IPO roadshow, and increased the planned size of its offering by 50%, from $50 million to $75 million, at a company valuation of $200 million. The company's shares will begin trading this coming…

July 22, 2013 BY Gerald Segal

Saxo Bank's Team Saxo-Tinkoff wins Team title at the Tour de France

Team Saxo-Tinkoff riders Alberto Contador and Roman Kreuziger place fourth and fifth in the Individual Tour standings. In a much more lighthearted note than our usual Forex news items, we would like to congratulate our friends at Saxo Bank on their Team Saxo-Tinkoff's Team classification victory in the 2013 Tour de France completed yesterday. Team Saxo-Tinkoff…

July 22, 2013 BY Gerald Segal

New Zealand's FMA warns against FX Promax Limited and FXpromaxltd.com

FMA believes that information on the FX Promax website is fictitious. New Zealand's financial regulator FMA has issued a warning against Forex broker FX Promax Limited, and its website at FXpromaxltd.com. According to the FMA, the Forex brokerage operating at the website FXpromaxltd.com is representing itself as being based at 350 Queen Street in Auckland, and as…

July 18, 2013 BY Gerald Segal

FXCM shares continue upward to cross $17 line for the first time

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…

July 18, 2013 BY Gerald Segal

SEC allows broker-dealers to do Retail Forex business for three more years

Dodd-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…

July 17, 2013 BY Gerald Segal

SpotOption opens Tokyo office in advance of Japan binary options market reopening

SpotOption 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…

July 17, 2013 BY Gerald Segal

CySEC confirms binary options license to ZoneOptions

ZoneOptions 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…

July 16, 2013 BY Gerald Segal

Gain Capital (Forex.com) volumes down 4% in June

Gain 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…

July 16, 2013 BY Gerald Segal

KCG makes second management change at Hotspot FX in less than six months

Ryan 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…

Category: News

Plus500 IPO successful – company raises $25M, shareholders sell $50M

Saxo Bank's Team Saxo-Tinkoff wins Team title at the Tour de France

New Zealand's FMA warns against FX Promax Limited and FXpromaxltd.com

FXCM shares continue upward to cross $17 line for the first time

SEC allows broker-dealers to do Retail Forex business for three more years

SpotOption opens Tokyo office in advance of Japan binary options market reopening

CySEC confirms binary options license to ZoneOptions

Gain Capital (Forex.com) volumes down 4% in June

KCG makes second management change at Hotspot FX in less than six months

HKEX to Launch Hang Seng Biotech Index Futures in November

SIX and Barclays Agree Seven-Year Strategic Partnership

CME Group Opens Dubai Office to Expand Middle East Presence

APRA Confirms Westpac Has Met Risk Transformation Obligations

Tradeweb Appoints Rich Chun as Head of Asia