Knight Capital Forex ECN unit sees volumes rise 14% in May to $33.7 billion per day. Completing a mixed month volume-wise for the Forex ECNs, Knight Capital (NYSE: KCG) Forex ECN unit Hotspot FX reported that its May volumes rose nicely to average $33.7 billion daily -- up 14% from April and up 19% from…
Read moreLeverate Japan office head Kazuo Anzai was previously CEO at Alpari Japan and Chief Compliance Officer at CMS Japan. FX Platform provider Leverate has announced the opening of a new office in Tokyo, Japan, to be headed by Kazuo Anzai. Anzai was previously the CEO of Alpari Japan, and the CCO of CMS Japan. Japan…
Read moreFXCM, Oanda and Forex.com – the 'big three' – now account for 63% of US Retail FX assets, and rising. U.S. Retail Forex client asset data for April is now out, courtesy of the CFTC, and it shows a few interesting things -- all leading to the conclusion that the US Retail FX industry is becoming increasingly…
Read moreGain Capital (Forex.com) shares are now above where they were when FXCM made its bid to buy the company. U.S. FX broker Gain Capital has seen its shares steadily rise the past couple of weeks, with no new news out there, and this at a time when the overall equity markets have cooled off a…
Read moreAlpari Russia names its part-owner Andrey Dashin as Chairman, with an active role in management, despite his sole ownership of rival ForexTime. LeapRate Exclusive.... The relationship between global FX broker Alpari, and its former subsidiary ForexTime (also known as FXTM), has become even more complicated. It had seemed that the two co-founders of Alpari, Cyprus-based Andrey…
Read morexStore apps marketplace to give coders, brokers and third parties new tools to develop the X3 Open Hub technology. FX platform provider X Financial Technologies seems to be taking the opposite path than MetaQuotes, in making its technology more open to third party developers. The company today announced new open development initiatives for its X3 Open…
Read moreLondon Capital Group is first broker Joel Kruger's FirstMacro will link to. Former senior FXCM currency strategist Joel Kruger has gone freelance and has launched a new FX research portal called FirstMacro. The idea, in a nutshell, is to provide premium FX research services based on Joel's work, and to make money by enabling traders…
Read moreRetail FX brokerages continue to set records in May, yet Forex ECNs were mostly treading water. Continuing the mixed-results FX volumes trend for May we've seen so far at the CME Group (up 15%) and at ICAP EBS (down 2%), Thomson Reuters and its FXall unit each reported ho-hum FX volumes results for the month.…
Read moreFXTM introduces a swap rate free Over The Weekend account. Swap rates are one of those things both generally ignored and misunderstood in the Forex world. But they affect every trader who leaves positions open overnight, and can become very material for traders who often do so. Without expanding too much on the topic, swap…
Read moreIG sees strong performance globally, but especially out of Japan FX trading. IG Group, the UK's leading financial spreadbetting company, announced that in its Q4-2013 (for the quarter ended May 31, 2013 -- IG has a May year-end) revenues and activity were up nicely in double-digit percent across virtually all of its major regions. In…
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