Retail FX broker FXCM Group LLC has put out an interesting press release (see text below), stating that it has agreed to terminate its Management Agreement with parent company Global Brokerage Inc (NASDAQ:GLBR). FXCM and GLBR became effectively separated when Leucadia National Corp (NYSE:LUK) took a direct equity stake in FXCM last year, and the two appointed…
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Forex ECN FastMatch has announced the launch of a new feature called FX Tape. According to FastMatch, FX Tape will improve post‐trade transparency in FX markets and allow market participants to monetize their trading data. FX Tape will also serve as a central reference point for Spot FX transacted prices, helping market participants evaluate best execution…
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Retail forex broker FXCM, the operating unit of Global Brokerage Inc (NASDAQ:GLBR), reported fairly healthy FX trading volumes for the month of August, in line with what we've seen from a number of other leading eFX providers. FXCM volumes were $223 billion in August, up 13% over July, making the month one of FXCM's best…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated CFDs broker Walbrook Capital Markets Limited posted a £4.0 million (USD $5.2 million) loss in 2016 amid plunging revenues. Walbrook was originally known as FXCM Securities, the UK CFD arm of Global Brokerage Inc (NASDAQ:GLBR) unit FXCM. FXCM sold the company in late 2015 to…
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Leading off our reports of FX trading volumes for August by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 10% drop in activity from July volumes - marking the third consecutive month of volumes declines at FastMatch. FX trading volumes at FastMatch averaged $16.2 billion daily in August, as compared to…
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Retail forex broker FXCM Group and Leucadia National Corporation (NYSE:LUK) today responded to questions from FXCM’s customers regarding FXCM’s relationship to Global Brokerage, Inc. (NASDAQ:GLBR). Leucadia, a diversified holding company with a $8.5 billion market value, holds a 49.9% equity interest and up to a 65% economic interest in FXCM and is firmly committed to…
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While the online trading industry was taking somewhat of an end-of-summer breather with less press releases, deals, executive hires and the like, there was still plenty of Forex Industry News to report. How is internal party politics delaying Israel's new Binary Options ban legislation from being actually implemented? Why is Forex.com parent Gain Capital Holdings Inc…
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Shares of Global Brokerage Inc (NASDAQ:GLBR), which owns 51% of Retail FX broker FXCM, continued to move downward on Wednesday tumbling by a whopping 26% on continued speculation that the company is going to have a hard time dealing with its latest crisis. That crisis is the possible delisting of GLBR shares from Nasdaq, if…
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Retail forex broker FXCM, a unit of Global Brokerage Inc (NASDAQ:GLBR), has announced that it has closed as expected the sale of its institutional FX ECN unit FastMatch to Euronext NV (EPA:ENX). The original agreement was reported at the end of May, when Euronext agreed to buy FastMatch for $153 million. FastMatch was jointly owned by FXCM, and…
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Forex Industry News this past week at LeapRate seemed to revolve around a very large number: $100 million. IronFX announced a $100 million investment. Plus500 Ltd (LON:PLUS) reported its first-ever $100 million Revenue quarter. And there was lots more... Who is Leverate's new CEO? Which China FX broker is set for a large UK/Europe push after…
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