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Read moreQuick follow-up to our coverage yesterday of Gain Capital and FXCM's Q1 results announcements. Seems as though investors were not impressed with the revenue declines and barely-there Q1 profits of both Forex.com's parent company Gain Capital, as well as rival FXCM. Gain Capital (NYSE:GCAP) is trading down about 16% today, sending its shares to below its IPO…
Read moreFXCM has released a formal statement on its purchase of FXDD's US client base, which apparently included $27 million of client funds spread over 7,000 active trader accounts. The statement follows:
Read moreIn a month where, so far, we've seen both retail brokers (e.g. GMO Click in Japan and Saxo Bank in Denmark) and institutional players (e.g. ICE) show slowing FX trading volume metrics, up-and-coming broker EXNESS just keeps on humming. The CySEC-regulated forex broker reported April FX trading volumes of $168.2 billion, marginally (1%) higher than March…
Read moreWe reported last week that Hong Kong based retail FX broker KVB Kunlun (HKG:8077) had issued a profit warning for Q1, blaming an expected loss on reduced market volatility, a rampup in marketing expenses during Q1, and expenses related to the grant of share options to senior KVB employees. KVB at the time didn't give any specific numbers as to the size…
Read moreStatement on newly launched CME Europe, CEO Phupinder Gill commented, "With London being the center of global FX trading, we will focus on FX futures initially, and add other products going forward..." Forex volume on the CME ticked up 15% from 705k in 4Q 2013, to 817k in 1Q 2014. While volume is down 23%…
Read moreA New Zealand investor survey conducted on behalf of the Financial Markets Authority and NZX shows there is good support for companies making initial public offerings (IPOs) this coincides with plans to launch of NZX’s new growth market aimed at small and medium-sized enterprises Many retail FX firms and supporting industry participants like SafeCharge have…
Read moreTokyo Stock Exchange FX trading on Click 365 drops 15% MoM and 70% YoY as Yen volatility wanes The total trading volume of Exchange FX Margin contracts (Click 365) in April was 2,088,673 ( △ 14.6% MoM / △ 70.0% YoY) and its average daily trading volume was 94,941. Yen volatility has pretty much collapsed…
Read moreFirst Derivatives Delta suite is used for many forex related things, and helps regulators monitor retail FX firms which includes assisting ASICs compliance monitoring and as a real time surveillance system First Derivatives, a leading provider of software and consulting services to the capital markets industry, announces the launch of Delta Tools for Calypso for…
Read moreDigital-currency enthusiasts on Wall Street and pro-bitcoin venture capitalists argue newly regulated and professional exchanges are needed to generate the kind of trading volumes that would smooth out bitcoin's price, whose volatility is seen as an impediment to its widespread adoption News coming from Bloomberg, stating the company plans to list bitcoin prices on its…
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