CME Europe has just informed members that it will be extending its FX Liquidity Creation Program (LCP) commencing on December 1st. The renewal is a success for the program which was first announced back in May as first reported by LeapRate. It should be noted that existing participants in the FX Market Making program are not eligible to…
Read moreThese are the first such programs in the 138-year history of the Exchange.
Read moreKCG saw its market making volumes average only $26.7 billion in June 2015, down 3% from the already dismal result of $27.5 billion recorded in May 2015.
Read moreASIC today provided an update on its regulation of US-based online brokerage firm Interactive Brokers Group, Inc. (NASDAQ:IBKR). Last week, the Australian Securities & Investments Commission (ASIC) halted Interactive Brokers (IB) Forex OTC services within the country. Back in December 2013, ASIC granted an extended a no-action position to IB regarding its FX business on the basis…
Read moreMarket making volumes for May 2015 at KCG fell 6.8% from already subdued April 2015 levels and totaled $27.5 billion.
Read moreBCS Financial Group, the largest trader in Russia for Equities, FX and Derivatives, has selected Horizon Software to launch its derivatives market-making and distribution activities. Horizon will provide Delta One and Option Trader, its market-making platform, which includes native exchange connectivity to numerous exchanges throughout Europe. Horizon’s flexible APIs will allow the market-making platform to…
Read moreIn a piece by Bloomberg today they talk about large financial institutions removing the market making function within their business, most recent is B of A. We have seen this trend within the last few years in the retail Forex space as the conflict of interest is too much to overcome sometimes creating a barrier…
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