First major (planned) competitor to FXall, EBS, Hotspot FX et al to actually launch. France's Tradition S.A. today announced the formal launch of ParFX, its new spot FX ECN. The launch follows a period of testing with many global banks and independent software vendors. The platform is now open to all banks able to settle via…
Read moreMobile taking over in both FX and Binary Trading at online brokerage firms. MetaQuotes Software, the maker of the MT4 and MT5 "MetaTrader" platforms, announced that it had hit a milestone of more than 1 million mobile users of MT4 and MT5 mobile platforms -- more than double the 500,000 users it reported just five…
Read moreIn a month where most FX brokers saw a slight decline, Alpari continued to plow forward, driven by its home market in Russia. Forex Industry News... Global FX broker Alpari has reported its best ever month in March, with total group volumes coming in at $238 billion -- just eclipsing February's $237 billion at Alpari. These…
Read moreCameron and Tyler Winklevoss have poured their Facebook fortune into Bitcoins. Reports have surfaced that Cameron and Tyler Winklevoss, better known as the Winklevoss Twins or simply as the 'Winklevii' (thanks to Homer Simpson) have come to own a whopping 1% of all the Bitcoins on the market, worth in the neighborhood of $15 million.…
Read moreThis has little to do with 'regulatory efficiencies', and a lot more to do with personalities, cash – and China! One thing that FXCM CEO Drew Niv is known for is being a shrewd acquirer. Other than FXCM's 2010 acquisition of ODL which didn't go quite as planned, FXCM has made some smart acquisitions at reasonable…
Read moreEnables brokers to use the liquidity management and reporting tools of First Derivatives' Delta Suite product through the platform. Tradable -- which has developed the first app platform specifically for FX trading apps, has announced a strategic relationship with software provider First Derivatives. The new alliance will enable brokers to use the liquidity management and reporting tools…
Read moreUnprecedented volatility in Gold, increased volatility in everything else traded leads to huge rampup in trading volumes. LeapRate Exclusive.... LeapRate has learned, in discussions with senior management at various FX brokers in different locations worldwide, that the past two trading days (Fri Apr 12 and Mon Apr 15) were in aggregate two of their best-ever…
Read moreAll the major Forex ECNs saw a down month, except FXall. Similar to what we've already seen at Forex ECNs EBS and Thomson Reuters, March volumes decreased somewhat at Knight Capital's Hotspot FX after a quick start to the year in January and February. Among the major ECNs only FXall -- holding flat at $110…
Read moreDavid Frank joins LeapRate from AvaFX and Goldman Sachs. LeapRate is pleased to announce the hiring of David Frank as our new Forex News Editor. David will be responsible for all content creation at LeapRate, and for expanding our coverage of Forex industry related news and analysis. "We are fortunate to have someone of David's…
Read moreMarketsPulse reports that 30% of Binary trades in its system were on mobile apps in February, up four-fold from last year. It seems as if Binary traders really like their mobile devices. Binary platform provider MarketsPulse has reported that in February more than 30% of Binary Options trades among its clients were completed via mobile…
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