Tag: FXCM Inc (NYSE:FXCM)

June 16, 2016 BY LeapRate Staff

Ashraf Ebid joins Asia-focused FCA regulated broker Global Market Index as CEO - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that longtime Forex industry executive Ashraf Ebid has joined FCA regulated retail forex broker Global Market Index Limited (or GMI) as its new CEO. GMI was co-founded by Chinese entrepreneur Jeff Chao, who is the firm’s current President. GMI started its brokerage services in 2009 with a heavy focus on the Asia…

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June 15, 2016 BY LeapRate Staff

FXCM is doing great... and is in big trouble

Retail forex broker FXCM Inc (NYSE:FXCM) continues to report some of the highest FX trading volumes in the industry month by month, with May 2016 coming in at $280 billion. After narrowly avoiding bankruptcy early last year in the immediate aftermath of the January 15, 2015 surprise Swiss Franc spike by securing (over the course of…

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June 10, 2016 BY LeapRate Staff

FXCM shares drop 9% after weak May FX volumes reported

Retail forex broker FXCM Inc (NYSE:FXCM) saw its share price drop more than 9% on Thursday, after reporting weak May trading volume metrics. Institutional FX volumes dropped 33% MoM in May at FXCM to $50 billion, while all-important Retail FX volumes were off 2% from April, to $280 billion for the month. FXCM shares closed Thursday…

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June 01, 2016 BY LeapRate Staff

BlackRock takes 4.7% stake in electronic markets operator ICAP plc

LeapRate has learned via filings made to the London Stock Exchange that investment giant BlackRock, Inc. (NYSE:BLK) has taken a 4.74% stake in interdealer broker and electronic markets operator ICAP plc (LON:IAP). BlackRock now holds 30.93 million ICAP shares, worth at today's prices £133.6 million (USD $194 million). With $4.6 trillion in assets under management, BlackRock is…

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June 01, 2016 BY LeapRate Staff

FastMatch May FX trading volumes rise 5% to $11.4 billion ADV

Going against the trend we have seen so far for May, institutional electronic FX platform FastMatch has reported an up month with FX trading volumes hitting $11.4 billion daily in May, up 5% from April. Other results we have seen so far from Hotspot FX and Gain Capital's GTX division indicate a slowdown in institutional…

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