Saxo Bank introduces Trade Navigator on TradingFloor.com LeapRate

May 17, 2013 BY Gerald Segal

Saxo Bank introduces Trade Navigator on TradingFloor.com

Saxo Bank to amalgamate technical trading signals through Trade Navigator on its TradingFloor.com FX Research site. As first reported by ForexBrokerz.com.... Saxo Bank, a member of LeapRate's Approved List of global regulated FX brokers, has launched Trade Navigator on TradingFloor.com. This is a new online trading tool that provides daily technical insight into around 200 instruments. By combining…

May 16, 2013 BY Gerald Segal

BitPay raises $2M VC round, even as Bitcoin comes under fire

Founders Fund, run by PayPal co-founder Peter Thiel, leads venture financing round for Bitcoin PSP company BitPay. Payment Service Provider (PSP) company BitPay, which bills itself as "the world leader in Bitcoin business solutions", has announced that it has raised a further $2 million financing round led by venture capital investor Founders Fund. It sounds…

May 16, 2013 BY Gerald Segal

CME Group reports record volumes for Oil spread trading

Record setting volume numbers continue to hit global markets from FX to Commodities. Record volumes in 2013 for Gold trading, Forex trading, and now Oil trading.... CME Group, which runs the world's largest derivatives marketplace, announced it has reached record volumes (open interest) for Brent-WTI spread options. The CME saw 126,675 contracts traded yesterday (May…

May 16, 2013 BY Gerald Segal

X Financial Solutions upgrades its API apps store, xStore

xStore updated with a new website with more apps for brokers and traders using X3 Open Hub. X Financial Solutions Limited, a leading technology provider to foreign exchange brokerages and banks, announced an update of its open API apps store, xStore. The site was updated with a new website and new applications. xStore provides an open…

May 16, 2013 BY Gerald Segal

US Department of Homeland Security seizes assets associated with Mt. Gox

Assets in an unlicensed money transferring business associated with Mt. Gox seized. The US Department of Homeland Security (DHS) has frozen a mobile payments account associated with Bitcoin exchange Mt. Gox. This is part of an investigation announced on Tuesday. Dwolla is a mobile payment company based in Iowa. They have confirmed that they received a warrant…

May 15, 2013 BY Gerald Segal

Saxo Bank volumes climb in March and April

March and April volume numbers continue to impress from Saxo Bank. LeapRate Exclusive.... LeapRate has learned that leading global FX broker Saxo Bank, a member of LeapRate's Approved List of regulated global FX firms, continued its strong start to 2013 through March and April. The details -- we had previously reported (also, exclusively) that in January ($427 billion)…

May 14, 2013 BY Gerald Segal

Hotspot FX volumes up 12% in April

Hotspot FX had the largest April increase of any Forex ECN. Breaking a trend we saw with its larger rivals, Knight Capital's Hotspot FX reported that FX volumes rose 12% in April to $29.5 billion (average daily volume). Most of the other Forex ECNs which have reported so far -- EBS, FXall and Thomson Reuters,…

May 14, 2013 BY Gerald Segal

ICAP reports year-end results – EBS revenues down 11%

ICAP saw revenues declines in all product groups, and across all geographies. Interdealer broker ICAP reported today its 2013 year end results (ICAP has a March 31 fiscal year end), and they weren't pretty. ICAP saw revenue declines across all of its business groups, including FX trading, and across all geographies. Overall, revenues were down…

May 14, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch – $23M fine to Kevin and Keelan Harris and Karen Starr

CFTC says defendants lured clients to trade forex, but used funds for personal use. The CFTC has obtained a court order ordering Kevin Harris, Keelan Harris, Complete Developments, LLC (CDL), and Investment International Inc. (aka I3), all of Warren, Ohio, along with another defendant, Karen Starr of Barrie, Ontario, Canada, “collectively to pay restitution” of over $23 million. We've seen…

May 13, 2013 BY Gerald Segal

Integral hires EBS head of prime brokerage David Faulkner

Payback for EBS hiring Integral's co-founder Viral Tolat earlier this year??? Integral Development Corp., a leading provider of FX trading solutions and services, announced today that David Faulkner has joined the firm as global segment head, banks. Mr. Faulkner spent 9 years at EBS in various roles, lastly as Manager of Prime Brokerage. (He had…

Category: News