US retail client assets declined, even as global FX trading volumes set records during September. And the industry keeps getting more concentrated.
Read moreLeapRate Exclusive... LeapRate has learned that leading global retail forex broker FXCM (NYSE:FXCM) has recently ended its relationship with all affiliates, thereby ending its affiliate program. A letter in that regard was sent out last week to (former) FXCM affiliates - see below. The reasons for discontinuing work with affiliates seems to be a combination of…
Read moreConsultant Shift Forex is hosting FXIC Shanghai, December 9-10, 2014. And what is next for Shift and FXIC?
Read moreLeading retail forex broker FXCM (NYSE:FXCM) reported its October trading volume metrics alongside its Q3 financial results - more on that later - and even given the healthy volumes we're seeing from other top FX brokers, FXCM's are eye popping. All-important retail volumes at FXCM topped $500 billion for the first time, coming in at $509…
Read moreAs the price of gold reaches a four year low, Bullion Capital reviews whether we would be best advised to follow the Chinese gold buying example, or should we simply 'buy the dips'?
Read moreEURUSD at 2+ year lows; USDJPY at 7 year high; WTI Oil at 2+ year lows; trading volumes moving up.
Read moreDATE: November 2nd, 2014 BY: Rob Spendlove BROKER: OptionRally TOPIC: Withdrawal complaint I had a big dispute with OptionRally back in July, because I foolishly authorised them to trade my account on my behalf. My account went from close to $40000 to $2500 in less than a week through reckless trading by some cowboy in a dealing room.…
Read moreAs parent KCG prepares to sell it, Hotspot FX sees another strong month of trading volumes. For the month of October, Hotspot FX has reported that trading volumes averaged $34.3 billion daily - not quite the $38 billion ADV Hotspot did in an industry-wide record setting September, but still well above the $29-$30 billion average seen…
Read moreShares of retail forex broker Gain Capital (NYSE:GCAP) were up as much as 27% in early trading Friday following the company's release of Q3 results (which included record quarterly revenues of $103 million), and of course the company's acquisition of leading UK spreadbetting and CFDs/FX broker City Index. We believe that most of the move…
Read moreBreaking Forex Industry News.... US-based Gain Capital (NYSE:GCAP), which owns and operates the retail Forex.com and institutional GTX brands, has announced the acquisition of London-based financial spreadbetting firm City Index. Gain Capital is paying a total of $118 million, although from a cash perspective it will come out ahead by about $16 million. City Index…
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