Looks like June's Brexit-driven volatility and record FX trading volumes didn't fully spill over into July. As we begin to review the July FX trading volumes at leading retail and institutional eFX platforms, FastMatch is reporting that volumes in its system fell 21% MoM from June (a record month for FastMatch) to average $12.9 billion ADV for the…
Read moreIG Group Holdings plc (LON:IGG) market analyst Andreas Ruhlmann takes a look at Q2 results at the Swiss banking giant. [divide] Credit Suisse posted a profits while the Street awaited more losses Credit Suisse posted a net profit of 170 million SFr, compared to 1.05 Billion in the same quarter last year. Nevertheless it is…
Read moreAs shares of Credit Suisse Group AG (VTX:CSGN) hit multi-year lows - dropping below CHF 10 in Swiss Exchange trading for the first time since early this century (their 2008 bank crisis lows were in the mid-20s) - IG Group Holdings plc (LON:IGG) market analyst Laurent Bakhtiari takes a look at what might be ahead for the…
Read moreLooks like it will be a June to remember for eFX trading platforms. The latest institutional FX platform to report great June numbers is FastMatch, which saw volumes rise 44% MoM over May to average $16.3 billion for the month. FastMatch's previous best month was November 2014 at $12.2 billion. June volumes at FastMatch were…
Read moreGoing against the trend we have seen so far for May, institutional electronic FX platform FastMatch has reported an up month with FX trading volumes hitting $11.4 billion daily in May, up 5% from April. Other results we have seen so far from Hotspot FX and Gain Capital's GTX division indicate a slowdown in institutional…
Read moreFX settlement giant CLS Group today announced that four new directors have been elected to its Board of Directors at its Annual General Meeting held on April 26, 2016. With the four additions, the CLS Board now totals twenty-three Directors, four of whom are independent and designated as Outside Directors. The four new directors are: Jennifer…
Read moreMultibank FX aggregation service FXSpotStream might have surprised some folks today when they - for the first time - announced the FX trading volumes supported on their system, as well as the size of those volumes. First off, the data. FXSpotStream reported that April volumes on its system averaged $18 billion (single count) daily, 2%…
Read moreLeapRate Exclusive... LeapRate has learned that institutional electronic FX platform FastMatch has continued to change up and grow its FX sales team, with the addition of Soren Klausen as Director of Sales - Europe. Klausen be based in London, and will report directly to Paul Ainsworth, Global Head of Sales. Klausen joins FastMatch after spending the last…
Read moreInstitutional electronic FX platform FastMatch, jointly owned by retail forex broker FXCM Inc (NYSE:FXCM) and commercial banks Credit Suisse and BNY Mellon, saw trading volumes on its electronic currency platform leap by 25% during January 2016 to hit $11.8 billion ADV during the month. January 2016 marked an important milestone for FastMatch. It was the first month…
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