February 08, 2017 BY LeapRate Staff

Gain Capital finalizes acquisition of FXCM's US clients

Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has announced that it has reached a definitive agreement to acquire the US clients of rival FXCM Inc (NASDAQ:FXCM). Gain declined to say how much it was paying for the FXCM US client base. However we believe that very little cash changed hands (more on that below). Gain…

Read more
February 07, 2017 BY LeapRate Staff

FXCM sells its US clients to Gain Capital as it exits US Forex market

Following our earlier report that New York based retail forex broker FXCM Inc (NASDAQ:FXCM) had been banned from the US market (alongside bans for CEO Drew Niv and co-founder William Adhout) after FXCM settled allegations of defrauding customers regarding its market making activities, FXCM has put out a statement confirming the settlement with US regulators CFTC…

Read more
fastmatch forex volumes
February 01, 2017 BY LeapRate Staff

FastMatch January Forex volumes up 23% MoM to $17.0 billion ADV

Forex ECN FastMatch is reporting that volumes in its system increased by 23% MoM from December, to average $17.0 billion ADV for the month of January. January clearly started off on the right foot for FastMatch and other leading institutional FX platforms, as volatility in key currency pairs remained high throughout most of the month.…

Read more
January 06, 2017 BY LeapRate Staff

Walbrook Capital (formerly FXCM Securities) adds Hubwise CEO Angus Macdonald to its board

LeapRate Exclusive... LeapRate has learned that FCA regulated multi-asset broker Walbrook Capital Markets has added Angus Macdonald (pictured above) to its board of directors. Angus Macdonald is currently CEO of Hubwise Securities Limited, a financial services technology and trading platform solutions provider. We understand that Mr. Macdonald's appointment was meant mainly to bring depth of knowledge…

Read more