Institutional Liquidity LLC (ILQ) has officially exited the US market, data from the website of the National Futures Association (NFA) have shown. As of January 21, 2015, the company has had all of its licenses with the US regulators withdrawn, including: • RETAIL FOREIGN EXCHANGE DEALER • NFA MEMBER • FOREX FIRM • FOREX DEALER…
Read moreInteractive Brokers Group, Inc. (NASDAQ:IBKR) has earlier today reported its operating metrics for January 2015, one of the most dynamic months in the history of Forex. Markets have been eager to know the data, as Interactive Brokers has been amid the companies to quantify the impact of the Swiss franc rise on “Black Thursday”, with…
Read moreAs one of the most hectic months in the history of Forex draws to a close, LeapRate has decided to remind everyone that today witnesses an important change in the US regulations for funding of retail Forex and futures accounts. As of today – January 31, 2015, the ban on funding the accounts of retail…
Read moreMarkets are now looking at Interactive Brokers (NASDAQ GS: IBKR), the Greenwich-based online trading group, which today released its financial and operating metrics for the final quarter and full year 2014. After the US group reported a drop in revenues and profits in the third quarter of 2014, with market making weighing on the fortunes…
Read moreLeucadia National Corp. (NYSE:LUK), the New York-based financial conglomerate, will provide $300m in financing to FXCM Inc (NYSE:FXCM), the retail FX giant, allowing it to stay afloat and keep operations. The investment is done in the form of a $300 million senior secured term loan with a two-year maturity and an initial coupon of 10%.…
Read moreMB Trading, the financial brand uniting Manhattan Beach Trading Financial Services, Inc. and MB Trading FX, announced today it had felt a minimal impact from the Swiss National Bank (SNB) surprise action on Thursday morning. There are no consequences for the group's capital and its ability to meet regulatory capital requirements, the US online trading…
Read moreAccording to a report by Bloomberg, quoting people with knowledge of the matter, Jefferies Group has entered discussions with FXCM Inc. (NYSE:FXCM) to provide the retail FX broker with $200 million in cash assistance. As LeapRate reported earlier, the US retail FX giant has suffered a $225 million hit due to the adverse trading of…
Read moreOver three and a half years after the demise of MF Global as a result of improper transfers of client funds, the litigation continues with the CFTC having this week imposed a further $100 million civil monetary penalty over and above the $1.2 billion restitution order applied to the firm in March this year
Read moreAround 80% of U.S. respondents (60% in the previous survey) and around 60% of Hong Kong respondents (40% in the previous survey) estimate the US dollar to be the most appreciating currency over the next few weeks according to the MONEX Group retail survey
Read moreJoseph M. Mecane has been appointed Floor Member Governor on FINRA's Board of Governors. Mr. Mecane is currently a Managing Director of Electronic Equities and Credit Products at Barclays, and previously served as EVP at NYSE
Read more