The following article was written by Matt Smith, CEO of regulatory reporting solutions provider SteelEye. Forex traders had until June 28th this year to become RTS27 compliant for Best Execution under MiFID II and, going forward, firms are required to publish, on a quarterly basis, data relating to the quality of execution in all products…
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Continuing a string of somewhat slow set of trading volumes being reported for the summer months by leading institutional FX platforms, Forex ECN FastMatch has reported that August 2018 FX trading volumes were down 3% from July, with average daily trading volumes coming in at $19.5 billion. However, despite the seasonal slowdown, FastMatch's figures for both…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Today, the US Labor Day holiday, the US stock market is closed for one day. US markets, foreign exchange, metals and energy transactions closed ahead of schedule. Please attention! International rating agencies said last week that they intend to lower the…
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After reporting a very slow start to the summer trading season in July, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a 5% increase in average daily volumes during August, $34.9 billion versus $33.2 billion the previous month. July's $33.2 billion ADV figure had…
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LeapRate Exclusive... LeapRate has learned that Australia based Retail Forex group AxiCorp has hired experienced FX industry executive Hannah Hill in London, as the company's new Head of Brand and EMEA Marketing. AxiCorp runs the AxiTrader retail FX brand. The move to hire Ms. Hill comes just several weeks after AxiCorp expanded its presence in London…
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It was a fairly quiet last-week-of-summer for Forex Industry News, although we continued to bring our readers the key stories and analysis they won't find anywhere else. Which Retail FX brokers reported results this past week? Which CEO departed the London office of a major global FX broker? Which is the latest Retail FX broker…
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The following article was written by FXTM staff writer Kirsty MacSween. The Long Swim has been swum. Dover’s Shakespeare Beach is more usually the starting point for taking on the challenge of swimming across the English Channel, but on Wednesday, the 29th of August, it instead played host to the triumphant finale of the first…
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LeapRate Exclusive… LeapRate has learned that Geneva and Latvia based Retail FX brokerage group Dukascopy continued its fairly weak performance from 2017 into the first half of 2018. After posting a $2.4 million loss in 2017 amid a 12% Revenue drop, Dukascopy posted Revenues of CHF 14.3 million (USD $14.8 million) in the first six months of 2018, down…
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ATFX has announced its sponsorship of the Duke of Edinburgh cup earlier this month, in line with the company’s commitment to the future leaders within its communities. The Duke of Edinburgh Cup was established to support the Duke of Edinburgh International Award and young people all around the world. Founded by HRH Prince Philip, the…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX and CFDs broker Valutrades will soon be posting its financial statements with regulatory authorities, indicating that the company continued to grow its revenue base in 2017. Overall, Valutrades grew its Revenue from £693,000 in 2016 to £1.22 million in 2017 – growth of 77%. Valutrades was…
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