Revenue and volumes up in every region worldwide. IG Group, the UK's leading financial spreadbetting company, announced that in its Q3-2013 (for the quarter ended February 28, 2013 -- IG has a May year-end) revenues and activity were up nicely in double-digit percent across all of its major regions -- its home market of the…
Read moreIs this the catalyst for other Forex brokers (Saxo Bank, Alpari, Oanda, FxPro???) looking to go public? Leading global retail FX broker FXCM, a member of LeapRate's Approved List of regulated FX brokers, hit a major milestone on Monday when its share price on the NYSE rose to exceed its December 2010 IPO price for…
Read moreNumber and quality of liquidity sources becoming increasingly important, as margins narrow in FX. FX platform provider PFSOFT and international derivatives broker Sucden Financial have announced that FX Liquidity from Sucden Financial will now be offered via the PFSOFT Protrader multi-asset trading platform. In addition, Sucden Financial can offer access to futures, equities and CFDs,…
Read moreIG Group hires Declan Bourke, former Head of UK at CMC Markets. LeapRate has learned that UK spreadbetting giant IG Group has opened an office in Dublin, Ireland. After IG's competitor CMC Markets closed down their Ireland office last year, IG Group took the opportunity to hire CMC's Ireland country manager Declan Bourke to open…
Read moreFXall sets another record for best-ever month, but ICAP's EBS retains #1 Forex ECN crown. A two-month rally in January-February FX trading volumes has continued, with FXall ($110 billion average daily volume) and its parent company Thomson Reuters ($137 billion) each reporting nice up-months (see charts below). Nevertheless, neither company could surpass the $149 billion…
Read moreInstitutional revenues and margins continue to improve, and become a bigger part of the picture at FXCM. Leading retail FX firm FXCM, the world's largest online FX broker (and a member of LeapRate's Approved List of global FX brokerage firms), announced its February trading activity levels as well as Q4-2012 results, with both impressing. (Although the…
Read moreAvaTrade will continue to use Dukascopy's JForex platform for those clients, and potentially others. Stay tuned to LeapRate for the real story-behind-the-story in the FX world..... Dukascopy today announced a partnership with Ava Trade Japan (the Japan division of global FX brokerage firm AvaFX, a member of LeapRate's Approved List), whereby the JForex Platform will be available…
Read moreInvestors dumping LCG after takeover talks called off with City Index. After falling Tuesday by 19% upon announcing it was no longer in active talks to be taken over, London Capital Group ("LCG") saw its shares drop another 18% on Wednesday in trading on the London Stock Exchange. LCG shares now sit at £0.30, and actually…
Read moreHas EBS recaptured its lead in the Forex ECN business over rivals Thomson Reuters and FXall? ICAP's Forex ECN unit EBS reported February FX trading volumes at $149 billion (average daily volume for the month), up 5% from January and up 18% from last year February -- but still below the above-$150-billion-per-day levels EBS saw throughout…
Read moreWill Tradable challenge MetaTrader as the pan-broker trading platform of choice? FSA-regulated and Indian-owned FX broker Tradenext, itself a relative newcomer to the FX scene, has become the first FX broker to offer its clients the choice of trading with apps on Tradable FX app platform. Unlike other platforms, where traders are locked into using…
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