Last week LeapRate Managing Editor Andrew Saks-McCleod was in China reporting and covering some interesting developments within China’s FX industry, you can check out all the links below. Also last week, volumes started reporting for the month of May. So far volumes are mixed with some venues down MoM and some venues ahead of April.
Further highlights from last week saw Plus500 continue trading wildly as Teddy Sagi’s PlayTech company was reported to acquire the retail focused FX broker. Also in the broker space, FxPro has it’s sights set on a 2016 IPO and transparency seems to be paying off for EXNESS as they reported another record month of volume activity. Stay tuned to LeapRate as the new week beings…
- Playtech set to acquire Plus500 for £459.6 million ($700 million)
- Want to know what clients look for in a brokerage? Here’s how! – The Forex Industry Talk Show
- LeapRate investigates the immense portfolios being managed by Chinese IBs and how to make it big in China
- Magick upgrades algo trading platform, rebrands to Tradeworks
- eToro set to merge OpenBook social trading brand into its own – LeapRate Exclusive
- ETX Capital reports on first FSCS payment for ex-Alpari UK clients
- FxPro looking at 2016 London IPO – Bloomberg
- Saxo Capital Markets CY phases out MetaTrader 4 as SaxoTraderGo takes center stage
Weekly Forex Industry Rundown for June 1st – June 7th
Volumes
- Hotspot FX May volume down another 6% to $26.8 billion ADV
- TFX Click365 volumes mark slight M/M decline in May’15
- Interactive Brokers sees decline in trading activity in May, DARTs down 2% M/M
- CME Group sees Forex volumes grow 5% MoM in May
- Saxo Bank registers 3% MoM rise in daily Forex volumes in May
- Moscow Exchange sees little change in daily FX volumes in May
- Monex registers 3.4% MoM drop in Global FX volumes in May
- GMO Click reports 11.4% downturn in total FX volumes, but 6.54% increase in exchange traded FX
- EXNESS sets FX volumes record of $217.6B in May
- ICE sees Forex volumes shrink 5% MoM in May
- ICAP’s EBS daily volumes register 1% MoM decline in May 2015
Interviews
- IronFX CEO Markos Kashiouris separates fact from fiction – LeapRate Exclusive Interview
- Motivate Your Sales Team! – The Forex Industry Talk Show
- Chinese FX mogul with $200 million IB enterprise tells LeapRate: “This is how you crack China”
Warnings/Fines/Fraud Watch
- CRFIN blacklists 22Groups.com for promising risk-free guaranteed profit
- Swiss FINMA includes FX broker Brainreason into its warning list
- Japan’s FSA issues warning about binary options broker Platinum Option
Legal
Financial
- First Derivatives records 19% rise in FY 2015 revenues
- Advantage Futures sets clients’ funds record – more than $625m
- TechFinancials sees revenues jump 85% in FY 2014
- Multibank Forex trading portal company 360T up for sale?
- CITIC does not budge, bids HK$0.65 per KVB Kunlun share
Offerings/Products/Services
- DGCX rolls out trading data micro-website Market Watch
- Interactive Brokers officially introduces Investors’ Marketplace
- Marco Polo New World launches MPFX – new direct FX market access platform
- ESMA updates list of authorised trade repositories – ICE Trade Vault Europe Ltd. adds forex derivatives
- Swissquote launches Apple Watch application
Bitcoin