All of ICAP's electronic brokering businesses slowed in May, except US Treasury trading, which was up a whopping 58%. ICAP's Forex ECN unit EBS reported May FX trading volumes at $126.0 billion (average daily volume for the month), down 2% from April and down 4% from last year May. After two strong months to start the…
Read moreBut in perspective, May's dip to $48 billion comes after Monex had its best-ever month in April. Mid-size Japanese retail forex broker Monex Group reported that its May FX volumes dropped by 11%, to ¥216 billion per day (which works out to about $48 billion in volume for the month). Monex had its best-ever month in…
Read moreFX futures volumes at CME Group up 15% from April, but that's mainly becuase April was slow. CME Group, which runs the world's largest derivatives marketplace, announced that May FX futures volumes increased by 15% from April (and by 9% from last year May) to 1,031,000 contracts. The CME attributed the increased volume mainly to…
Read moreJapan Retail FX market continues to be red hot. With the Japanese Yen finally crossing through the USDJPY 100 barrier during May for the first time in more than four years, Japan's Retail FX sector continues to generate record trading volumes, and record interest among Japanese retail FX traders. The proof? GMO Click, Japan's largest…
Read moreMelissa C. Rushton to ordered to pay $50,000 by court order. This is a new one..... The CFTC is now going after not just those who perpetrate fraud, but also their spouses, if it can show that the spouses knew of the fraud. The CFTC announced that it obtained a federal court order requiring Melissa C.…
Read moreRetail FX volumes driven by continued strong volumes in the Far East, aided by commodities volatility. LeapRate's Retail FX Volume Index, sponsored by Leverate, hit an all-time record in April, rising nearly 10% to $215 billion daily. FX trading volumes now sit about 25% above last year's levels. The increased activity in the retail FX sector was…
Read moreAustralia's leading commercial banks outsources FX trading platform across its global franchise. US-based technology provider Broadway Technology has announced that the latest client for its FX platform is Australia's Westpac. Broadway cited its expectation that currency flows (and trading) in AUD and NZD pairs will increase five-fold over the next three years, as a reason…
Read moreForex brokers increasingly distributing content (FX research, education, training) via video. Saxo Bank, a member of LeapRate's Approved List of global regulated FX brokers, announced today the launch of Saxo TV. Saxo Bank has hired an all-star team of three to be the face of Saxo TV -- led by former Bloomberg TV News anchor…
Read moreIs splashing Las Vegas across your home page the right kind of promotion for a serious retail FX broker? The past while -- as retail FX trading volumes have heated up again in 2013, as has competition in the industry -- we've been noticing new and innovative marketing campaigns by FX brokers, looking to give…
Read moreInterest on client funds will be paid in a staged way – the more you trade, the more you make. The marketing team at Liquid Markets (formerly Tadawul FX) in Cyprus have come up with an interesting new twist on client bonuses and incentives to trade, all wrapped into one. Liquid Markets circulated a marketing…
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