This past week the forex world witnessed a tumble in MoM volumes almost unanimously across the board, all of those reports of which you can check out below. The exceptions being Moscow Exchange and Singapore Exchange who finished with higher months, the up-and-coming forex trading venues both of whom are witnessing their own unique secular bull markets in terms of growing FX volumes.
Within the brokerage landscape, a big M&A was finally made official when Dukascopy announced the acquisition of Alpari Japan and revealed their monthly average volume metric. Furthermore, CySEC issued a release stating they will investigate globally regulated forex broker IronFX after a flood of requests. Will CySEC finally get to the bottom of the situation?
Within the institutional market, Thomson Reuters has announced integration of FXall execution within the Thomson Reuters Eikon data terminal. Is this the future in the making of robust hybrid all-in-one data and execution platforms?
Be sure to check out last week’s featured stories as well as a complete run down of the week below:
- Dukascopy acquires Alpari Japan – and discloses its monthly trading volumes
- CySEC confirms it is investigating IronFX, and company reaction – LeapRate Exclusive
- US retail Forex assets slide 1.4% in June as FCMs report second lowest figure on record
- Brazilian Broker Rico Corretora launches MetaTrader 5 on the BM&F Bovespa Exchange
- Thomson Reuters integrates FXall QuickTrade into Eikon
- Australia’s ASIC first half 2015 report: 323 enforcement actions, crackdown on Retail Forex
- CFTC charges Illinois resident with fraud involving unlicensed Forex scheme
- Forex On The Go releases updated MT4 white label suite via browser extension, mobile and webtrader
Forex Industry Rundown for the Week of August 3rd, 2015
July Volumes
- TFX registers 8.1% MoM fall in Forex volumes in July 2015
- After June’s bullish reading, July forex volumes on CME fall 25% MoM to 733K
- Moscow Exchange sees FX turnover rise 3% MoM in July 2015
- Monex Group sees global Forex volumes drop 8.6% MoM in July 2015
- GMO Click registers 8.9% MoM drop in OTC Forex volumes in July 2015
- ICAP’s EBS daily volumes fall 19% MoM in July 2015
- ICE registers 38% MoM drop in Forex volumes in July 2015
- SGX sees Forex volumes rise 16% MoM in July 2015
- FXCM Q2 revenues hit from asset sales, but July volumes remain strong
Warnings/Fines/Fraud Watch
- Russia’s Forex organization KROUFR introduces its own “Black List”
- Italy’s regulator warns of binary options brokers Angels Investors, BNR Markets
- CySEC issues €22,000 fine to Banc de Binary for insufficient Anti-Money Laundering systems
- FCA warns of unauthorized investment firm Lamberg Kapital
- New York Federal Court orders fraudster to pay more than $1 million for bogus algorithmic trading fund
- Canadian securities regulator OSC warns against BerkleyFX, Amber Options and OptiCrown
Legal
- FCA grants change of control approval to Optimal Payments-Skrill deal
- KPMG continues winding up Alpari (UK), disclaims onerous property
- TechFinancials announces completion of sanction procedure by Italian regulator
- Troubled Forex broker RVD Markets promises further refunds
Financial
- Fidessa posts 6% rise in revenues in H1 2015
- FXCM Inc now officially a Penny Stock as shares dive 17% after Q2 results out
- KVB Kunlun Q2 results rock with Revenues up 75% QoQ to HK$98 million, profits up 95%
- Gain Capital reports $9 million Q2 loss…. and shares rise 5%
Executive Moves
- Belinda Moffat set to leave New Zealand’s FMA in September
- First Derivatives appoints Jon Robson as Non-Executive Director
- Saxo Bank hires COO Soren Kyhl from Danske Bank – are we seeing Saxo’s succession plans?
Service Provider Offerings
- FX Blue launches new version of Publisher app for FXCM TS2
- SYSTRA releases algorithm building tool FXTraBox
Broker Updates
- DMM Option launches binary options with 15 second expiries
- eToro cuts spreads on UK100 and FRA40
- Forex broker RTFX surrenders Maltese license
- FXOpen UK introduces STP accounts
- Gain Capital to release Advantage Trader platform in Japan
Institutional Offerings/Services
- CLS teams up with LCH.Clearnet on new settlement service for cleared FX products
- Hotspot to offer free trading on new London based matching engine
- DGCX to cut margin on selected Forex and energy futures
- CME Group, CFETS seal Memorandum of Understanding
- European Commission adopts new rules on central clearing for interest rate derivatives