Calculated on available primary market data, WM/Reuters provides an accurate and robust FX rate that aligns with IOSCO principles for financial benchmarks.
Read moreLeapRate 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…
Read moreThe Tokyo Financial Exchange (TFX) has published its operating metrics for May 2016, with Forex volumes continuing to fall after already registering decreases in both April and March. TFX’s Click 365 total trading volumes, that is, the volume of Exchange FX Margin contracts, fell 4.8% from April 2016 levels to 3,010,274 contracts. The annual comparison, however, was…
Read moreGoing 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…
Read moreGTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that May volumes decreased by 12% from April, and were down by 1% from last year May. ECN and SEF trading saw volumes average $6.9 billion daily during May. Note that the registered swap dealer is an agency voice…
Read moreIt looks like May was a very slow month for institutional forex trading. Kicking off May volume reporting season, institutional eFX venue Hotspot FX, a division of Bats Global Markets Inc (BATS:BATS), has reported that May 2016 volumes averaged $23.4 billion daily, down 9% from April's $25.6 billion. The $23.4B figure is the second lowest reported…
Read morePayPal, the multi-currency global payments provider today informed customers in Turkey that they can no longer be served via the official Turkish PayPal page. According to different media outlets, apparently the Banking Regulation and Supervision Agency (BRSA) of Turkey is only approving companies with infrastructure based within their borders. Customers in Turkey as of June 6, 2016, will…
Read moreIn any business, but in particular customer facing service businesses such as Retail Forex, who you hire for different roles can make all the difference between failure and success. And typically does. Jordana Barkats, HR Manager at brokerage platform provider Leverate has some words of advice for making sure that your business is hiring the best…
Read moreIn any business, but in particular customer facing service businesses such as Retail Forex, who you hire for different roles can make all the difference between failure and success. And typically does. Jordana Barkats, HR Manager at brokerage platform provider Leverate has some words of advice for making sure that your business is hiring the best…
Read moreIsrael based retail forex broker iForex has posted a notice on its website serving customers in its home country (see above) that it has decided to pull its Forex broker license application in Israel, and to terminate its brokerage operations in the country effective immediately. Clients of iForex.co.il , operated by Clio Financial Trading Ltd.,…
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