Forex ECN FastMatch is reporting that volumes in its system increased during March by 16% MoM, to average $19.2 billion ADV for the month. That makes March 2017 FastMatch's best ever month for trading volumes, handily topping the company's previous best of $17.1 billion ADV set in November 2016. FastMatch's good results come at…
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LeapRate Exclusive... LeapRate has learned that True Trade Markets co-founder and COO Ashraf Agha has resigned, prior to the company's planned launch later this Spring. As was reported exclusively by LeapRate last November, FCA-regulated True Trade Markets (formally True Trade Ltd) was created by controlling shareholder and New York based entrepreneur Michael Frey, whose company designs…
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Australia financial regulator ASIC has added its powerful voice to the fray regarding the new rules governing what Forex brokers can and cannot do with client money, following the passage yesterday by Australia’s parliament of the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client Money law. The new…
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Breaking Forex News... LeapRate has learned that Australia's parliament today passed the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client Money law. We had reported back in November that the Australian government was going to change the rules as to what ASIC licensed retail brokers offering over-the-counter derivatives products (read:…
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LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK that FCA regulated institutional FX brokerage ACM Group plc, which operates under the brand name Alpha Capital Markets, has posted a loss of £2.1 million (USD $2.6 million) in fiscal 2016. Alpha has a September 30 fiscal year end. The news was not all…
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While the rest of the equity market was soaring in the wake of the Fed's Wednesday rate hike, shares of Global Brokerage Inc (NASDAQ:GLBR) - recently renamed from FXCM Inc - dropped another 15% to close at $1.75 per share, its lowest closing price ever. Global Brokerage Inc owns 50.1% of the operating company FXCM Group…
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Retail Forex broker FXCM has announced its volume results for February, the last month for which FXCM had both US and non-US volumes to report. FXCM sold its US client base to rival Gain Capital Holdings Inc (NYSE:GCAP) and its Forex.com retail FX unit at the end of February, after the company and CEO Drew Niv…
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Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has reported its 2016 year-end and Q4 financial results, as well as trading volume metrics for the month of February 2017. And, the results are very mixed. On the one hand, Q4 was a very strong one at Gain Capital and its Forex.com retail FX unit, following…
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The CFTC has published US retail forex broker data for the month of January 2017, indicating a slight 1.3% rise in assets held by US retail forex traders to $532 million, up from $523 million in December 2016. Continuing to lead the way in December was FXCM, now a unit of the recently rebranded Global Brokerage Inc…
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The rebranding of FXCM Inc to Global Brokerage Inc (NASDAQ:GLBR), and the change of its NASDAQ ticker symbol from the eponymous FXCM to GLBR, hasn't exactly seemed to work. At least so far. Shares of FXCM / GLBR continued to fall in its first week trading under its new moniker, down 16% on the week. GLBR…
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