BAC’s Global Markets segment, which provides a range of equity and debt-related services, performed well. Sales and Trading revenue rose 3% to $3.6bn while Equities revenue spiked 13% to $1.5bn. However, Fixed, Income, Currencies and Commodities revenue dropped 4% to $2.1bn. The overall report was mixed as BAC’s earnings per share of 70 cents beat…
Read more
The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Simon Posen of New York, New York for engaging in thousands of incidents of “spoofing” in gold, silver, and copper futures contracts traded on the Commodity Exchange, Inc., and crude oil futures contracts traded on the New York Mercantile Exchange over a…
Read moreIG's new commodity offering is a continuously rolling product that enables traders to avoid the pains of regular expiry points.
Read moreRecord 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…
Read moreCME Group reports Gold Options and Gold Futures volumes annihilated all previous records on Monday. As we first reported earlier this week, Monday was one of the best-ever days for Retail FX brokers, as Gold's plunge from the $1500s to the $1300s precipitated general volatility in all financial markets. Well, it seems that data from…
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 more