Latest
Exclusive: FXCM Inc. CEO Drew Niv Discusses Firm's Future after the CHF Crisis
- Mr. Niv sheds light on Black Thursday's unfolding at FXCM: how did the systems react, what caused the $225 million loss and how many clients held long Swiss franc positions for a total market exposure of over $1 billion?
Wednesday, 04/02/2015 | 11:41 GMT by
Victor Golovtchenko
FX Volumes for GMO Click Securities Rise 14% in January 2015, Set New Record
- In contradiction to the FX volume record, trading in exchange products on GMO’s Click 365 solution totaled only 523,397 contracts in January 2015, which is down about a 9.8% drop month-over-month.
Wednesday, 04/02/2015 | 07:08 GMT by
Avi Mizrahi
Monex Global FX Trading Volumes Drop by 5.4% in January 2015
- The average FX trade value per business day decreased by 1.4% Month-Over-Month to just ¥250,658 million, which partly explains the overall drop in the volumes combined with the fewer working days.
Wednesday, 04/02/2015 | 06:41 GMT by
Avi Mizrahi
Interfax Survey: 3 Brokers Control 60% of Russian FX Market, 66% of Traders Lose
- A report by Interfax-CEA reveals some telling findings about the local market in 2014, including an extensive brokers' ranking by trading volumes and an assessment of traders' number and average deposits.
Tuesday, 03/02/2015 | 15:42 GMT by
Jeff Patterson
ICAP Plc Reports January 2015 EBS FX Metrics, Volume Jumps 23.7% MoM
- Citing a recent regulatory filing by ICAP Plc (LON:IAP), FX trading volumes via the company’s EBS platform have risen 23.7% MoM to $129.6 billion in January 2015, following a lackluster performance just one month ago.
Tuesday, 03/02/2015 | 15:20 GMT by
Jeff Patterson
Hantec Markets Partners with Fortaleza EC in New Sponsorship Deal
- The partnership will introduce a range of exciting fan engagement activities.
Thursday, 13/03/2025 | 14:33 GMT by
FM
Chris Sacca, the $4 Million Negative Balance, The Salinger Group and Twitter
Tuesday, 03/02/2015 | 14:45 GMT by
Ron Finberg
Russia-Focused Panteon Finance Loses Substantial Amount of Client Funds
- The head of the financial department of the company has been transferring client funds to binary options trading accounts at an Asian brokerage, prompting founders to look how to keep the brokerage solvent.
Tuesday, 03/02/2015 | 10:09 GMT by
Victor Golovtchenko
LQD Markets to Go after Negative Balances, Client Funds "Appear to Have a Deficit"
- The UK-based broker which faced bankruptcy in the aftermath of the CHF storm has officially entered special administration. The firm's insolvency micro-site bears some dire news for clients regarding their funds.
Tuesday, 03/02/2015 | 09:25 GMT by
Finance Magnates Staff
Breaking: GAIN Capital Increases Margin Requirements on Pegged Currencies
- Active risk management of exposure at the major publicly listed brokerage continues with the latest round of margin increases concerning a number of pegged currencies and some managed floats in central Europe.
Tuesday, 03/02/2015 | 08:05 GMT by
Victor Golovtchenko
Overall Trading Activity Positive at Interactive Brokers in January as Traders Embrace SNB Shake-Up
- Interactive Brokers reports strong financial trading data for the month of January. Overall metrics were higher on a YoY and MoM basis for its DARTs and the total number of trading accounts held at the firm.
Monday, 02/02/2015 | 18:21 GMT by
Adil Siddiqui
Forex Isn't Riskier than Any Other Asset Class, A Talk With GAIN's CEO Glenn Stevens
- Forex Magnates discusses with GAIN Capital’s CEO, Glenn Stevens, why contrary to various media reports, the foreign exchange market isn’t much different and isn’t in anyway riskier than any other asset class.
Monday, 02/02/2015 | 18:07 GMT by
Victor Golovtchenko
ForexEKO Reimagines Candlestick Trading for Gold Markets
- ForexEKO reimagines traditional candlestick analysis by integrating automation.
Thursday, 13/03/2025 | 11:03 GMT by
FM
ADS London Launches Retail Brokerage as Capitalization Doubles Post CHF Crisis
- ADS Securities London goes after the retail FX, CFD and Spread Betting market in Europe with new MT4 offering. Speaking with Forex Magnates, Managing Director James Watson explains that deep pockets ensure risk management.
Monday, 02/02/2015 | 16:37 GMT by
Avi Mizrahi
Falling FXCM Share Prices Trigger Margin Call for Company Co-Founder
- FXCM's Managing Director and Global Head of Dealing Eduard Yusupov sold just over a million shares last week, after shares he had pledged as margin at a separate broker were foreclosed.
Monday, 02/02/2015 | 13:00 GMT by
Ron Finberg
Greece and EU Likely to Take a Milder Approach towards Each Other, Unless...
- After a brisk exchange of opinions about the Greek bailout program progress, the rapport of both parties has been somewhat toned down in the run up to more talks between the Greek finance minister and creditors.
Monday, 02/02/2015 | 11:19 GMT by
Victor Golovtchenko
ICAP Inc. EBS to Deploy HTML5-Based Integrated Trading Platform "Everything EBS"
- ICAP’s EBS has taken the future-proof road of unifying the EBS Market, EBS Direct and EBS Select platform experience under one roof to deliver spot FX, precious metals, NDFs and swaps in a single view.
Monday, 02/02/2015 | 09:35 GMT by
Victor Golovtchenko
Tokyo Financial Exchange Foreign Exchange Volumes Shed 10% in January
- Swiss franc trading against the Japanese yen jumped higher by over 1,200% as volatility in the pair skyrocketed in the aftermath of the Swiss National Bank's decision to decouple the currency from the euro.
Monday, 02/02/2015 | 06:45 GMT by
Victor Golovtchenko
Exclusive: Alpari UK to Disintegrate Group as Buyers Refuse $25 Million Offer
- Forex Magnates has learned that most of the global group's employees are expected to be immediately let go, with about 50 to remain on board for the transitional period of the firm's winding up.
Sunday, 01/02/2015 | 15:56 GMT by
Avi Mizrahi
Alpari UK Clients to Apply on New Website for Fund Claims from KPMG
- KPMG say that because Alpari UK had a very large number of retail clients, this is considered to be a significantly more efficient and cost effective approach for agreeing claims than using a manual claim process.
Sunday, 01/02/2015 | 08:11 GMT by
Avi Mizrahi
FXDD US Applies for Withdrawal of Introducing Broker License with the NFA
- According to a corporate announcement made by FXDD Global, the firm’s US unit has applied to withdraw its IB license due to the firm's concentration of efforts on its globally operating FXDD Global.
Saturday, 31/01/2015 | 03:48 GMT by
Victor Golovtchenko
As BATS Acquires KCG Hotspot, Average Daily Volumes Ratchet Higher 24% in January
- Average daily volume numbers have increased when compared to the typically slow month of December, but remained flat when compared to January 2014, which was the strongest month for the first 8 months of 2014.
Friday, 30/01/2015 | 23:32 GMT by
Victor Golovtchenko
Breaking: GFI Shareholders Reject Proposal for CME-GFI Management Merger
Friday, 30/01/2015 | 22:48 GMT by
Jeff Patterson
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