After a surprising 7% (or $41 million) rise in July, client assets held by regulated US retail forex brokers continued their slow but steady decline in August, shedding 2%, or $12.3 million. Total client assets held now sit at $619.7 million, as at August 31, 2014. The industry remains fairly concentrated, with the 'big three'…
Read moreLeapRate Exclusive…LeapRate has learned, via a series of filings made with the U.S. Securities and Exchange Commission (SEC), that Lucid Markets principal Matthew Wilhelm has sold about $4.3 million worth of FXCM (NYSE:FXCM) shares during the month of October (see table below). Wilhelm unloaded 268,530 shares so far in October for an average price of about…
Read moreFXCM veteran Michael Higgins assumes senior management position within FXCM's institutional division at a time when the company is undergoing substantial growth
Read moreRealizing the value of offering contracts for difference, retail FX giant FXCM has generated a list comprising of major firms whose stock can be traded on a single share basis
Read moreThe US's big three - FXCM, Oanda and Forex.com (Gain Capital) - each led the way picking up $10M+ in new client assets in July.
Read moreFXCM Inc. (NYSE:FXCM) today announced metrics for August 2014 for its retail and institutional FX business. Keeping up with the overall trend in the industry, FXCM had a nice month for retail although institutional volumes were a tad flat. Even so, August was the best overall month in 2014 for the firm, you can see the breakdown and…
Read moreFollowing FXCM's official announcement last week that it was to acquire $63 million in client equity and 13,000 accounts via the transfer of IBFX's client base, MONEX Group confirms the transaction as the most recent in a series of high value acquisitions by FXCM
Read moreLots of Forex M&A in the news lately. After buying both FXDD's and Alpari's US operations, leading retail forex broker FXCM (NYSE:FXCM) has now closed on a deal to buy IBFX's US and Australia clients. IBFX is a subsidiary of Japan's Monex Group. FXCM will be acquiring approximately $63 million in client equity and 13,000…
Read moreNorth American retail FX stalwart prepares to expand the reach of its Phoenix platform to Europe with the imminent addition of single share CFD trading
Read moreShares of retail forex broker Gain Capital (NYSE:GCAP) fell as much as 10% during trading on Tuesday, dropping briefly below the $6 level for the first time since 2013. (As at the time of writing they were sitting at $6.16, down 7% on the day). Gain Capital, which operates the Forex.com brand, went public in…
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