A look back at some of the most intriguing and popular Forex industry news stories from the week prior at LeapRate. To make sure that you receive timely access to all LeapRate news throughout the week, sign up to our Forex Industry Newsletter or Follow us on our social and RSS channels which you can find on the right.
Be sure to check out last week’s featured stories as well as a complete run down of the week below:
Forex Industry Rundown for the Week of October 26th, 2015
Features
5 Strategies for Forex Brokers to Boost Trader Retention
5 BIG Mistakes Trading Brands Make in Their Promotional Emails
Broker Updates
MB Trading says FX accounts migrated to TradeKing
FBS opens new office in Kuala Lumpur
MXT Global gets rebranded to Vantage Prime, moves retail clients to Vantage FX
TradeSocio unveils marketing automation and analytics platform for forex and futures brokers
Uncertainty mounts over CommexFX as website goes down
ActivTrades is latest Forex Broker to be the victim of a hack attack – LeapRate Exclusive
Japanese broker Arena-FX changes margin requirements for NZD pairs
FxPro receives authorization from South Africa’s FSB
Interactive Brokers updates mobileTWS app for iOS gadgets
Dukascopy adds Pair binary options to offering
AxiTrader sees website go down for several hours Tuesday caused by Microsoft Azure problems – LeapRate Exclusive
AxiTrader statement on MT4 and website outages – LeapRate Exclusive
Advantage Futures offers access to OptionsCity’s CityTrader platform
DMM FX Australia informs clients of “intermittent network issues”
ETX Capital unveils new logo and website as it consolidates platforms – LeapRate Exclusive
FxPro publishes slippage statistics for Q3 2015: 43.4% positive
DMM FX Australia comes up with temporary solution for network issues
EXNESS launches separate website for CySEC-regulated operations
GMO Click launches website for migration to upgraded FX Neo
ThinkForex UK offers extra £1m insurance protection, launches spread betting on MT4
Service Provider/Vendor News
MT5 enables direct payments for virtual hosting, signal subscriptions
Velocimetrics enhances analysis of Forex market data sent via FIX engines
Optimal Payments introduces Net+ VIP Prepaid MasterCard
TradingView offers new indicator package – CIT Toolbox
Sucden Financial unveils new arbitrage tool on its STARtrading platform
CME Group engages bank transfer platform Dwolla to enable faster access to liquidity and funding
Tradable adds Anna Coulling’s Quantum Trading 3D trading tools to its app store
MT5 build 1210 offers enhanced Depth of Marke
Institutional Offerings/Venues
Euronext launches AtomX for custom options and futures trading
CLS, TriOptima join efforts to launch triReduce CLS Forward FX Compression Service
SGX suffers derivatives trading interruption
ASX welcomes Object Trading to the Australian Liquidity Centre
Colt launches PrizmNet in the United States connecting providers of financial content to capital markets firms
Russia’s NSD sees number of registered transactions grow 44.5% YoY in Q3 2015
Deutsche Börse, Shanghai Stock Exchange, CFFEX establish RMB JV
Financials
JPMorgan takes stake in Plus500 above 7%
ICE to acquire financial market data provider IDC in $5.2bn deal
Monex Group sees profits, revenues rise in Q2 FY 2016
KVB Kunlun forecasts steep jump in profits in 9-mo 2015
Fortress Prime appoints new CEO as UAE Royal Family kicks in another $200 million
TechFinancials’ shareholders to vote on financing of Hong Kong binary options JV on Nov 19th
ICE registers 48.5% YoY rise in net income in Q3 2015
BGC Partners sees Forex revenues jump 48.9% YoY in Q3 2015
Playtech’s Financials Division generates revenues of EUR 27.5M in Q3 2015
CME Group registers 24% YoY rise in net income in Q3 2015
Playtech shares soar 10% Thursday after reporting bullish Q3 results
GMO Click sells 9.6% stake to Daiwa Securities as part of new Business Alliance
SafeCharge has 151,575,515 shares re-admitted to AIM
KCG sees steep rise in Q3 2015 income
CBOE Holdings registers 40% YoY jump in net income in Q3 2015
Macroeconomic/Banking
Chinese Yuan retreats to #5 as world payments currency: SWIFT
Bank of Russia keeps key rates at 11%
Volumes
Tradition’s Trad-X sees USD interest rate swaps volumes surpass $2.5 trillion
Hotspot FX’s October sees second slowest month for FX volumes since 2012
Warnings/Fraud Watch
Italian regulator warns against social trading network Investocopy
MahiFX successful in bringing down clone site Great-Trade.net – LeapRate Exclusive
FINRA warns US investors of binary options risks
UK’s SFO continues investigation into Global Forex Investments, Global Forestry Investments
Belize’s watchdog warns Panteon-Finance is no longer licensed
Hong Kong’s SFC warns against binary options broker ToOptions
Japan’s FSA adds binary options firm Marblestone Partners to Warning List
Legal
US regulators step up investigation into Deutsche Bank’s activities in Russia
Bank of Russia publishes standards for Forex brokers’ activity
CFTC exempts Japan’s JSCC and Korea’s KRX as derivatives clearing organizations
SafeCharge says re-domicile to Guernsey on track to complete on October 30th
French authorities impose EUR 200,000 fine on FXCM for not verifying partners’ authorization
Ontario regulator to encourage whistleblowers with rewards of up to C$5 million
Total of 119 financial service providers get removed from NZ FSP register in September
Euronext Paris derivatives now given regulatory approval for Hong Kong domiciled trading firms
ASIC annual report confirms strict approach to retail FX sector
Executive Moves
Sucden Financial announces new senior management team hires
Andy Skelton officially assumes role of Fidessa’s CFO
AxiTrader UK adds two senior institutional FX sales people from Gain Capital, Lloyd Moncur and Daniel Beale – LeapRate Exclusive
CME hires LSE’s Joanne Shannon to run its Europe sales strategy
Former GAIN Capital COO Chris Calhoun becomes CEO of Scivantage
Barclays appoints James E. Staley as Group Chief Executive
James Staley resigns from all roles at UBS following Barclays move
Binary platform provider TRADOLOGIC hires Playtech’s Michael Golod as CEO
IG Group hires Daniel Williams from BGC Partners to head Internal Audit
Andy Ko joins Sucden Financial HK as Senior Account Executive
Japan’s Monex unveils top management changes
Christopher Hill to step down as IG Group’s CFO on October 30
Doug Yones joins NYSE as Head of Exchange-Traded Products
FINRA’s CEO Richard Ketchum set to retire in 2016
Bitcoin/Digital Currency News
BTCC introduces Bitcoin trading platform Pro Exchange
Bitcoin prices back above $300 following favorable EU tax ruling
Mizuho, Nordea and UniCredit join R3 distributed ledger and new banking technology consortium
Bitcoin Group extends IPO offer period
Digital currency exchange Bit-X rebrands to Digatrade
Top Bitcoin Myths – #3: Bitcoin allows for anonymous payments