The following article was written by Reem Aboul Hosn, Research and Market Analyst Officer at Credit Financier Invest (CFI) Ltd. The Federal Reserve raised US short-term interest rates for a third time this year and indicated it will drive ahead with plans to tighten policy, even as central bankers face White House pressure for low…
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Rebounding somewhat from the normal summer trading volumes slowdown, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a modest 3% increase in average daily volumes during September, $35.8 billion versus $34.9 billion the previous month. Volumes remained however well below where they were during the…
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Following the normal summer slowdown in trading seen at a number of leading institutional FX platforms, Forex ECN FastMatch has reported that September 2018 FX trading volumes were down even further, coming in at $18.6 billion ADV. That is 4% below August's $19.5 billion, and also represents the lowest average-daily-volume figure of any month in 2018 for…
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Looking back, this seems like the week when ESMA's Forex and CFD leverage cap - which ESMA formally extended for a further three months, with minor modifications - really began to make its mark on the online trading industry as a whole. Revenue and earnings misses. Executives departing. CFD brokers being sold. And this is probably…
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The U.S. Securities and Exchange Commission (SEC) has announced that it has charged a group of internet marketers who allegedly created and disseminated elaborate rags-to-riches videos to trick retirees and other retail investors into opening brokerage accounts and trading high-risk securities known as binary options. According to the SEC’s complaints, investors were conned out of tens…
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Globe Invest, the family office of online entrepreneur Teddy Sagi, has announced that Northenstar Investments Ltd has increased its shareholding in online payments solutions company SafeCharge International Group Ltd (LON:SCH) by acquiring an additional 3,995,185 shares in the AIM listed entity. Northenstar’s shareholding in SafeCharge has risen to 68.34% following the new transaction. Northenstar is…
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Estonia based Brokeree Solutions, which provides high-grade technology solutions for brokers, has announced that it has introduced customizable packages for MetaTrader 4 and 5 forex brokers. MetaTrader brokers who plan a bulk procurement of cutting-edge technology and want to stay on track with current tech trends can now purchase solution packages from Brokeree Solutions and…
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Bloomberg is reporting that Blackstone Group LP (NYSE:BX) is considering a sale of institutional Forex ECN FXall. And, that the business could fetch more than $3 billion. That certainly seems like a very big number, given that FXall was acquired in July 2012 for $625 million - roughly a fifth of the current proposed price.…
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UK online trading leader IG Group Holdings plc (LON:IGG) has announced that CEO Peter Hetherington is stepping down both from his management role and the Board, effective immediately. The company said it is "well advanced" in its search for a new CEO, with IG Group CFO Paul Mainwaring assuming the Interim CEO title in the…
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LeapRate Exclusive... LeapRate has learned that FCA regulated institutional FX brokerage group Sigma Broking Limited has sold its CFD and spread betting arm Sigma Trading to Gibraltar based InterTrader Limited. InterTrader is the Retail financial trading arm of gaming giant GVC Holdings PLC (LON:GVC), and also provides liquidity services to Retail FX platforms. GVC is one of…
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