Unlike Bitcoin, Ven’s price depends on a basket of currencies, commodities and carbon futures UK’s FCA regulated LMAX Exchange has announced its introducing trading for an alternative digital currency named Ven starting today according to a blog post on the Wall Street Journal’s website. This virtual currency has been introduced all the way back in…
Read moreLMAX is seeing most of its own growth in Russia and the Far East According to LMAX Exchange’s CEO David Mercer global forex volumes are set to double by 2020 because of increasing growth in emerging markets FX. He outlined the important role of the Renminbi and the Russian Ruble which are both set to…
Read moreLMAX also set to launch an institutional trading venue with 'no last look', aimed at high frequency traders. In a recent interview with LMAX CEO David Mercer posted on the LMAX website, LMAX reported some very interesting developments in its business. On the volume side of things -- the lifeblood of any forex broker, retail…
Read moreLMAX CEO David Mercer: "We need to be in New York in the next 12 to 18 months." UK-based institutional FX broker LMAX, which dubs itself a 'multi-lateral trading facility for foreign exchange', in indicating its intention to open a US operation by the end of 2014. In a posting on its website, LMAX CEO David…
Read moreLCG shares shoot up 11% on Monday with no apparent new news. After we saw shares of ICAP and IG Group rise last week following some healthy January volume reports, today's turn for a buying frenzy goes to London Capital Group. LCG shares traded up more than 11% on Monday, now sitting at £0.40. The company's…
Read moreLMAX lost another £4.5 million in the first six months of fiscal '13. LMAX's spinoff to management (backed by ex-Betfair Chairman Ed Wray) was certainly not unexpected, as we had blogged about Betfair's likely exit from LMAX just several days prior. But the value at which it was done, at a company valuation of just £3.6 million, with £2.4…
Read moreNew Betfair CEO taking the axe to many parts of the business. An interesting article in this weekend's Sunday Times speculated that new Betfair CEO Breon Corcoran was going to use the company's half-year results announcement this coming Thursday to outline an overhaul of many parts of the business, and cost cutting measures -- and a…
Read moreUses LMAX Exchange for liquidity access. Trading platform provider PFSoft has announced that it is using LMAX's "LMAX Exchange" for access to institutional liquidity for its ProTrader 2 white label solution for FX brokers. For more details click here to see the full press release from PFSoft. For more on the global Forex industry see…
Read moreFSA unable to sell WorldSpreads, will return cash to clients.
Read moreFSA and KPMG have teams in on the weekend.
Read more