Opening of MIG Capital Asia Limited comes more than a year after we reported MIG opening a Hong Kong rep office. Leading Swiss Retail FX brokerage MIG BANK, a member of LeapRate's Approved List of global regulated FX brokers, announced that it has formally launched its Hong Kong subsidiary, MIG Capital Asia Limited, and a new office…
Read moreJapan Retail FX market continues to be red hot. With the Japanese Yen finally crossing through the USDJPY 100 barrier during May for the first time in more than four years, Japan's Retail FX sector continues to generate record trading volumes, and record interest among Japanese retail FX traders. The proof? GMO Click, Japan's largest…
Read moreAnd why exactly is MetaQuotes banning a major source of volumes to brokers running its MT4 platform? In what still seems like a very strange story, MT4 developer MetaQuotes sent out a missive to brokers running MT4 trading (that is, virtually every FX broker out there, big and small) to stop allowing access of popular…
Read moreMelissa C. Rushton to ordered to pay $50,000 by court order. This is a new one..... The CFTC is now going after not just those who perpetrate fraud, but also their spouses, if it can show that the spouses knew of the fraud. The CFTC announced that it obtained a federal court order requiring Melissa C.…
Read moreEuropean governments likely to drastically cut the Financial Transactions Tax and delay its full rollout. As first reported by CFTCLaw.com.... Reuters is indicating that European countries placing a tax on financial transactions are set to drastically scale back the tax by as much as 90%, to just 0.01% of the value of a trade, from 0.1% in…
Read moreThe 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…
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