CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached trading volume and open interest records for its NYMEX Brent (BZ) crude oil futures contracts on Friday, July 11, 2014. Open interest for NYMEX Brent set a record of 101,425 on July 11, surpassing the 100,000 contracts milestone for the first…
Read moreIB makes note of lower customer volumes in foreign exchange and futures. They state a reason as volatility in this quarter was near historic lows, as measured by the CBOE Volatility Index.
Read moreWhat slump in volumes? As far as FXCM (NYSE:FXCM) is concerned, their institutional offering has hit a recorded all time high for June at $226B as GBP strength, EUR weakness and dollar stagnation combined to create opportunities for FXCM's institutional base to chase pips. Retail volumes were flat dropping just 3% MoM as traders remain confused…
Read moreThe new Spotex foreign exchange ECN has been operating since June 2014.
Read moreYou can see estimates on the average cost of liquidity when trading different currency pairs, and choose the most favorable times to trade based on your deal size.
Read moreThe global OTC market for gold, silver, platinum, palladium and other precious metals is centered in London, with wholesale bullion banks trading millions of ounces daily. Precious metal prices are at a pivot point as central banks have become trapped within their own interest rate policies which affect its perceived value relative to paper money.
Read moreThe globally minded Financial Services Board, the G20's consultative go-to for all things financial, which is chaired by Mark Carney, Governor of the Bank of England released final recommendations and conclusions on cleaning up FX benchmarks and rate fixes. The way it stands in its current form has embroiled in scandal many investment banks and…
Read moreA quick note on the sentiment of traders coming from futures data from the CME reported by the CFTC. Traders are bearish EUR, JPY and CHF, with net positions of ‐$10bn, ‐$8bn and ‐$1bn, respectively and bullish GBP, AUD, MXN, NZD and CAD; with net positions of $4.5bn, $3.4bn, $2.7bn, $1.3bn and $1.0bn. However, Camilla Sutton, Chief FX strategist at Scotiabank commented that this week’s data is interesting as it provides the first warning signal for EUR bears and GBP bulls as the EUR short position failed to build and traders began to close out GBP longs. These crowded positions in EUR and GBP could signal an uptick in trading activity this week as there…
Read moreSaxo Bank, Danish FX brokerage and investment bank has revised its latest FX volume metrics available for the public to see after not reporting for a month. They have now fixed and corrected some of their volume numbers as well... Metrics for total monthly volume in June now stands corrected at $228b, this is down…
Read moreNews on the binary front as 24xp, which is a France focused broker under company name AMFF Ltd, is reporting to have achieved CIF status and become licensed and regulated by CySEC (Cyprus Securities and Exchange Commission). They are filed under license number 241/14 from July 1st. Competition is heating up in binaries as the industry continues…
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