U.S. brokerage industry regulator FINRA has announced that it has fined Interactive Brokers LLC $5.5 million for Regulation SHO violations and supervisory failures spanning a period of at least three years. To limit ongoing naked short positions, firms are required by the SEC’s Reg SHO, after completion of a short sale transaction, to deliver the…
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LeapRate Exclusive... LeapRate has learned that FCA regulated institutional FX broker Fixi plc has made a number of changes in its senior management ranks, including the appointment of a new CEO and a new CFO. Fixi is controlled by Goran Drapac, also the founder and controlling shareholder of Australia based Retail FX broker AxiTrader. Leaving…
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A new report issued by Australia based research house Investment Trends has, not surprisingly, found that the US Retail and margin trading FX sector has taken a big hit in 2017, following the (forced) exit from the market earlier this year of former #1 broker FXCM. FXCM, and its founder and CEO Drew Niv, were banned…
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Trading app provider TradeIt has announced that it has connected its core products - Portfolio View and Trading Ticket - to Interactive Brokers Group Inc (NASDAQ:IBKR), the largest US-based electronic broker by DARTs. Over the past month, TradeIt launched early-access IBKR support on Stockflare and the Trigger Finance app. With the current announcement, TradeIt is extending IBKR…
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The CFTC has published US retail forex broker data for the month of January 2017, indicating a slight 1.3% rise in assets held by US retail forex traders to $532 million, up from $523 million in December 2016. Continuing to lead the way in December was FXCM, now a unit of the recently rebranded Global Brokerage Inc…
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Shares of leading publicly traded US online retail brokers traded down between 2-10% yesterday, including those of Charles Schwab Corp (NYSE:SCHW), E*TRADE Financial Corp (NASDAQ:ETFC), Interactive Brokers Group, Inc. (NASDAQ:IBKR, )and TD Ameritrade Holding Corp. (NYSE: AMTD). Thursday's trading results included: Schwab: -5.3% E*Trade: -8.9% TD Ameritrade: -9.5% Interactive Brokers: -1.9% The cause? Well it looks…
Read moreIt will be a long time before we better understand the implications of the #VoteLeave victory in last week's UK Brexit referendum. Indeed it will be a while - perhaps even months or years - before we really find out what the new relationship will be between the UK and the rest of Europe. And what…
Read moreInteractive Brokers registered daily average revenue trades (DARTs) of 662,000 in September 2015, down 10% from August 2015 levels but up 15% from September 2014 levels.
Read moreInteractive Brokers registered daily average revenue trades (DARTs) of 737,000 in August 2015, up 13% from July 2015 levels and up 49% from August 2014 levels.
Read moreBuild 952 of Interactive Brokers' TWS platform offers support for S&P and Fitch bond ratings, as well as a new correlation coefficient chart indicator.
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