FXCM 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…
Read moreIFIS will provide Ariel Communications with localized product development, project management and on-site second line support. Ariel Communications, a full service, bespoke software development house whose main product is Ariel iTrade – a complete multi-asset FX, CFD and Financial Spread Betting trading platform – has announced that it has entered into a distribution agreement with Singapore-based financial…
Read moreChina opens a new US Forex office to diversify away from US Treasuries. One of they key themes we've been following lately has been China relaxing its rules governing Forex movements and trading, which has been a key catalyst behind the rapid growth of retail FX trading among Chinese retail FX traders. (We even posited…
Read moreFxPro IT people have a busy week, and introduce two significant trading technology upgrades. FxPro, a member of LeapRate's Approved List of global regulated FX brokers, separately introduced this week two upgrades to their portfolio of trading tools for clients: FxPro Quant — a new tool, which enables traders to develop and build their own Expert Advisors…
Read moreInstitutional Liquidity is the 'unknown' US-based, NFA-regulated retail FX broker. Autotrading platform provider Zulutrade announced a 'partnership' with Institutional Liquidity, an NFA-regulated broker, to "bring B2B level liquidity and services to retail customers". Institutional Liquidity shows up technically as a regulated retail FX broker in the US, holding formally about $12 million of US retail client…
Read moreForex brokers increasingly distributing content (FX research, education, training) via video. Saxo Bank, a member of LeapRate's Approved List of global regulated FX brokers, announced today the launch of Saxo TV. Saxo Bank has hired an all-star team of three to be the face of Saxo TV -- led by former Bloomberg TV News anchor…
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