Operations of retail FX broker Alpari continue undeterred by the insolvency procedures at Alpari UK and Alpari Japan, with Alpari Ru keeping up with its everyday log of tasks. Earlier today the company reported its operating metrics for the last month of 2014, with December trading volumes in Russia and the Commonwealth of Independent States…
Read moreLeucadia National Corp. (NYSE:LUK), the New York-based financial conglomerate, will provide $300m in financing to FXCM Inc (NYSE:FXCM), the retail FX giant, allowing it to stay afloat and keep operations. The investment is done in the form of a $300 million senior secured term loan with a two-year maturity and an initial coupon of 10%.…
Read moreMB Trading, the financial brand uniting Manhattan Beach Trading Financial Services, Inc. and MB Trading FX, announced today it had felt a minimal impact from the Swiss National Bank (SNB) surprise action on Thursday morning. There are no consequences for the group's capital and its ability to meet regulatory capital requirements, the US online trading…
Read moreIn the light of the recent events around the Swiss Franc, the Russian Ruble crisis might seem to many as a long-forgotten dream. And yet, trading with RUB pairs remains suspended or heavily restricted at numerous Forex companies. The situation with Ruble liquidity seems to be getting back to normal at Russia's Forex broker Alpari,…
Read moreSince at LeapRate we try to provide you with a comprehensive and detailed picture of the aftermath of Swiss franc fireworks on Thursday, we cannot skip to mention the position of at least one German Forex broker, given the core role the German economy plays for the eurozone and Europe as a whole. A representative…
Read moreAccording to a report by Bloomberg, quoting people with knowledge of the matter, Jefferies Group has entered discussions with FXCM Inc. (NYSE:FXCM) to provide the retail FX broker with $200 million in cash assistance. As LeapRate reported earlier, the US retail FX giant has suffered a $225 million hit due to the adverse trading of…
Read moreEarlier today, international retail Forex broker EXNESS issued an announcement, explaining the consequences of the Swiss currency moves on the financial status of the company. Due to measures taken by the company regarding trading with all instruments featuring CHF, the business suffered a minimal impact from yesterday’s events: overall losses amounted to only 1.6% of EXNESS's…
Read moreA quick note from the New York Stock Exchange where US retail FX giant FXCM (NYSE:FXCM) is listed. Trading in shares of the company was halted about an hour ago pending a news announcement. Shares in the FX broker were down as much as 88% after the press release stating the $225 million hit the…
Read moreSaxo Bank, the Danish based online multi-asset trading and investment specialist, is experiencing a fresh inflow of clients today in the aftermath of yesterday’s significant changes in the Swiss currency crosses. Steen Blaafalk, Global Head of Finance and Risk Operations, Saxo Bank A/S, said: “We have seen an increased number of new clients this morning…
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