October 10, 2013 BY Gerald Segal

FXCM-Infinium $12M deal – not a direct investment

Clarification to yesterday's story on FXCM's investment in commodities market maker Infinium Capital. Small clarification to yesterday's announcement by FXCM that it had purchased a $12 million note issued by commodities market maker Infinium Capital. This might just be a small nuance, but LeapRate has learned that FXCM purchased the already-existing note from Infinium investors,…

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October 09, 2013 BY Gerald Segal

FX platform startup Straticator attempting to raise $20 million

Boom and bust software mogul and ex-billionaire Erik Damgaard has his eyes set now on the Forex world. LeapRate Exclusive... One of Denmark's most colorful businessmen is now looking to become a player in FX platforms. LeapRate has learned that Straticator, a Spain and Denmark-based software startup co-founded by Erik Damgaard, has developed a new…

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October 09, 2013 BY Gerald Segal

Bank of Russia widens Ruble trading band

Russia forex volumes have been strong this year – will this latest move lead to more volatility? One of the fastest growing FX markets of 2013 has certainly been Russia, leading to one month after another of record forex trading volumes for Russia FX market leader Alpari. (LeapRate estimates that Alpari has an approximate 40% market…

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October 09, 2013 BY Gerald Segal

CFH Clearing launches ClearVision suite of broker tools

ClearVision tools allow brokers to deal with multiple trading platforms, liquidity providers, back office systems and risk books. Institutional FX broker CFH Clearing has announced the launch of a new suite of products called ClearVision, aimed at providing brokers with a combination of Prime of Prime interbank liquidity and state of the art, sophisticated trading technology.…

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October 08, 2013 BY Gerald Segal

FXCM lends $12 million to commodities market maker Infinium Capital

Infinium recently laid off a good portion of its staff, as it refocuses on commodities and energy. Leading Forex broker FXCM has announced that it, alongside some of the principals of its Lucid Markets subsidiary, has lent $12 million to Chicago-based market maker Infinium Capital, via the purchase of a $12 million note issued by…

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October 08, 2013 BY Gerald Segal

Myfxbook claims +14 pips positive slippage for its AutoTrade copy traders

Myfxbook's AutoTrade introduces slippage metrics data for all mirrored positions. Forex social network and copy trading platform service Myfxbook announced the introduction of slippage information to its AutoTrade copy trading service. And as part of its introduction, Myfxbook made a very interesting claim (see below), which we hope to look further into in the coming…

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October 08, 2013 BY Gerald Segal

FXall enjoys its first ever month as the #1 Forex ECN in September

FXall tops parent Thomson Reuters and rival ICAP EBS at $111 billion daily volume. This was a long time coming, and not really unexpected.... Forex ECN FXall reported that September forex volume metrics hit $111 billion daily -- edging out parent Thomson Reuters' $110 billion and rival ICAP EBS' $81 billion to claim for FXall…

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October 07, 2013 BY Gerald Segal

Can exchange rates be manipulated?

Swiss regulator FINMA investigating several banks for possible manipulation of foreign exchange markets. Much of the behind-the-scenes chatter in the forex world this past weekend has revolved around the investigation announced Friday by Swiss financial regulator FINMA into the possible manipulation of foreign exchange markets by a number of unnamed banks. The excitement began after a very…

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