Last week LeapRate Managing Editor Andrew Saks-McLeod took in Saxo Bank’s launch of SaxoTraderGo live from Paris with full coverage, interviews, and insight into this new proprietary platform launch. Over in the Middle East’s technology capital of Israel, top Forex figures had a meetup with venture capital firms looking for the next big thing, Mr. Saks-McLeod, reported live from the IVC event.
Volumes for May started to roll in with the consensuses being that it was a down month from the March spike up, however, a couple venues bucked the trend of a down MoM performance, that being EXNESS (hitting a new record) and the Moscow Exchange FX segment (also new record), which recorded a noteworthy double digit bump in volumes as the exchange popularizes it’s Forex offering to clients worldwide and further adds connectivity.
SaxoTraderGo | https://www.leaprate.com/d0rKp
Top FX figures meet venture capital firms in Tel Aviv | https://www.leaprate.com/4HYkA
GAIN Capital shares pummeled after Q1 report | https://www.leaprate.com/3721F
LeapRate TV: Brian McDonnell | https://www.leaprate.com/uqgkw
US Retail Forex assets rise 2% in March | https://www.leaprate.com/Y4Y4m
April FX trading activity at Moscow Exchange increases again | https://www.leaprate.com/iB6yh
SpotOption launches first US-regulated binary options white label | https://www.leaprate.com/u4i8i
Integral CEO Harpal Sandhu | https://www.leaprate.com/x9uNr
Weekly Forex Industry Rundown
Volumes
- CME Group sees Forex volumes jump 50% Y/Y in April 2015
- Eurex Group ADV ticks in at 8.3m contracts in April; down 13.5% MoM
- Saxo Bank records 11% MoM drop in Forex volumes in April 2015
- Continued volume growth on Singapore Exchange markets for April
- EXNESS reports record April FX volumes topping $210 billion
- ICE Total FX volumes down 28% from March record; Q1 revenue grows 7% YoY
- ICAP’s EBS daily volumes register 15% MoM decline in April 2015
- Monex registers 13% MoM drop in global Forex volumes in April
- GMO Click reports minor volume downturn in April to 111.49 trillion Yen
- FXCM registers 7% MoM drop in retail Forex volumes in April 2015
Interviews
- IG Group Head of IT Development Ivan Gowan gives LeapRate a detailed look at the Apple Watch app
- Perspective from the top: BMFN’s global journey
Warnings/Fraud Watch
- FCA warns regarding binary options broker Ebor Option
- France’s AMF blacklists 70 unauthorized Forex brokers
- Quebec’s regulator warns of increased activity of unauthorized binary options brokers
Legal
- New Zealand’s FMA says Forex Trend cannot meet obligations to clients
- Saudi Arabia issues final rules ahead of foreign opening of Stock Exchange
- UBS Forex rigging settlement talks with DoJ in final stages
- JPMorgan Chase & Co. in ‘advanced’ talks to settle Forex manipulation charges
- Billions in fines for FX rigging imminent for four major banks
Financial
- FXCM shares dip back below $2 as shareholders change over from institutional to retail
- GAIN Capital posts 118% annual rise in net income in Q1’15
- GAIN Capital CMO Samantha Roady converts options, sells shares & pockets $104,600
- Virtu sees Q1 Trading Revenues up 40%, led by 103% rise in Currencies
- KVB Kunlun sees Q1 revenues drop 21%, profits off 68%
- FC Stone sees Revenues up 14% in Q2
- KVB Kunlun shares drop 6% after disappointing Q1 results
- Leucadia claims $687 million in gains from its FXCM investment
Executive Moves
- FXPRIMUS hires Helen Astaniou as Marketing Manager and Laoura Salveta as Head of Marketing
- LCG appoints former IG Group senior sales trader Victoria Webb as Head of Sales Trading
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