Looks 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 moreOne of the big winners from the post-Brexit panic of trading were institutional Forex ECN platforms, which saw a huge ramp-up in trading volumes on Friday in the aftermath of the VoteLeave victory in the UK Brexit referendum. Thankfully these ECNs - whose income is directly linked to volumes - seemed to operate in a…
Read moreRetail forex broker FXCM Inc (NYSE:FXCM) issued a note today that it was business as usual during the post Brexit vote market volatility today, although it plans to keep margin requirements high until markets settle down. Assuming that's it for FXCM, the company got through today's price shocks in the currency markets in a much more…
Read moreLeapRate Exclusive... LeapRate has learned that longtime Forex industry executive Ashraf Ebid has joined FCA regulated retail forex broker Global Market Index Limited (or GMI) as its new CEO. GMI was co-founded by Chinese entrepreneur Jeff Chao, who is the firm’s current President. GMI started its brokerage services in 2009 with a heavy focus on the Asia…
Read moreRetail forex broker FXCM Inc (NYSE:FXCM) continues to report some of the highest FX trading volumes in the industry month by month, with May 2016 coming in at $280 billion. After narrowly avoiding bankruptcy early last year in the immediate aftermath of the January 15, 2015 surprise Swiss Franc spike by securing (over the course of…
Read moreOanda passes Gain Capital / Forex.com into the #2 slot in US Retail Forex, behind industry leader FXCM.
Read moreRetail forex broker FXCM Inc (NYSE:FXCM) saw its share price drop more than 9% on Thursday, after reporting weak May trading volume metrics. Institutional FX volumes dropped 33% MoM in May at FXCM to $50 billion, while all-important Retail FX volumes were off 2% from April, to $280 billion for the month. FXCM shares closed Thursday…
Read moreLeapRate has learned via filings made to the London Stock Exchange that investment giant BlackRock, Inc. (NYSE:BLK) has taken a 4.74% stake in interdealer broker and electronic markets operator ICAP plc (LON:IAP). BlackRock now holds 30.93 million ICAP shares, worth at today's prices £133.6 million (USD $194 million). With $4.6 trillion in assets under management, BlackRock is…
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 moreIs this the first step by US regulators to possibly ban altogether highly leveraged retail forex trading?
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