Finally, some good news from FXCM Inc (NYSE:FXCM). The global forex broker, which has spent most of the past year selling assets and dealing with the fallout of last January's Swiss Franc spike and the $275 million loss it caused at FXCM, has announced what it calls a new partnership with German Forex and CFD broker…
Read moreShares of retail forex broker FXCM Inc (NYSE:FXCM) more than doubled in value in the December 14-18 trading week. The move up is a stunning turnaround for FXCM, which has seen its shares slowly decline in value basically since January 2015, when FXCM narrowly avoided bankruptcy from losses suffered in the January 15 surprise 20%+…
Read moreLooks like it was a good day all around for Gain Capital. After reporting fairly decent financial results Tuesday morning, shares of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) shot up 9% Tuesday to close at $8.25 - their highest level in about two months, and stemming what can best be described as a slow…
Read moreScivantage, a Global FinTech 100 provider of wealth management and cost basis solutions, today announced the appointment of Chris Calhoun, former Chief Operating Officer of Gain Capital Holdings Inc (NYSE:GCAP), as its Chief Executive Officer. Mr Calhoun, who has been on the Board of Directors at Scivantage since 2010, has more twenty years of experience…
Read moreLeapRate Exclusive... LeapRate has learned that Australia-based retail forex broker AxiTrader has hired two senior institutional sales people away from Gain Capital Holdings Inc (NYSE:GCAP), as part of AxiTrader's continued buildup of its FCA-regulated UK arm and European business. Lloyd Moncur joins AxiTrader, reporting directly to AxiTrader General Manager Alex Mackinnon, after having served as Director Institutional…
Read moreLeapRate Exclusive... LeapRate has learned that Forex platform and brokerage firm XTB has hired Joshua Raymond to act as head of its retail brokerage arm XTB Online Trading in the UK. Raymond will report directly to XTB CEO Jacob Zablocki, who will continue to oversee both the retail (XTB) and institutional (X Open Hub) sides…
Read moreRetail trading volumes at GAIN amounted to $322.8 billion in September 2015, down 8.9% from the levels seen in August 2015 and up 35.1% from September 2014.
Read moreDaily retail Forex volumes averaged $16.9 billion, whereas daily institutional Forex volumes averaged $17.3 billion in August 2015, up 10% and 1.9% respectively from July 2015 levels.
Read more"Customer trading activity in yuan-related currency pairs constitutes an immaterial part of our overall trading volume”, stated GAIN's CEO Glenn Stevens.
Read moreIn tune with the overall picture the Forex industry has presented so far, Gain Capital posted retail OTC trading volumes of $352.7 billion for July 2015, marking a relatively small drop of 6.1% from the result recorded in June 2015.
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