brokers
DGCX SENSEX April Volumes up 41% MoM: Currency Futures, Metals Driving Growth
- The Dubai Gold & Commodities Exchange (DGCX) has announced its SENSEX volumes for the month ending in April, highlighted by a 41% growth MoM with a total of 819,941 contracts traded (valued at $24.69 billion).
Wednesday, 07/05/2014 | 10:18 GMT by
Jeff Patterson
KVB Kunlun Suffers Loss in Q1 2014 Due to Low Volatility in FX and Commodities
- Income from leveraged foreign exchange and other trading instruments (CFDs) reached only HK$19 million for KVB in the first quarter of 2014, a decrease of over 20% compared to Q1 of the previous year.
Wednesday, 07/05/2014 | 08:19 GMT by
Avi Mizrahi
BGC Partners Earns Chinese License, Facilitating FX Offering
- BGC Partners, a global brokerage company specializing in fx, announced that its subsidiary China Credit BGC Money Broking Company Ltd (CCTBGC) has been granted a State license to deal fx options in China.
Wednesday, 07/05/2014 | 07:53 GMT by
Jeff Patterson
Monex Group April FX Volume down 17.7% over March to $33.3 Billion
- The Japan-based online brokerage involved in multi-asset product offerings, reported that its average daily trading volume in FX OTC fell 30% from 115.2 billion yen in March, as the volume downtrend is persisting.
Wednesday, 07/05/2014 | 05:52 GMT by
Steven Hatzakis
DMM Markets FX Volumes in April Fall 9%, Lowest Since December 2012
- Release of volume numbers for April at the second biggest Japanese brokerage confirm that the low volatility which has engulfed the FX markets is contributing to a drop to levels unseen since late 2012.
Tuesday, 06/05/2014 | 06:34 GMT by
Victor Golovtchenko
Saxo Bank's Volumes Shed Another 10% in April
- Volumes at the leading Danish brokerage house are now the lowest since it launched its transparency program that made public the monthly figures back in the beginning of last year, 37% lower than a year ago.
Monday, 05/05/2014 | 09:28 GMT by
Victor Golovtchenko
Cyprus Counting Down to iFX EXPO, the FX Industry’s Must See B2B Event
- Cyprus is slated to host the upcoming iFX EXPO at the end of May, tapped as the upcoming premier installment for B2B forex industry leaders, held at the exclusive Grand Resort Hotel in the city of Limassol.
Monday, 05/05/2014 | 06:00 GMT by
Jeff Patterson
Exclusive: FXCM Emerges to Acquire FXDD US Retail Client Base
- Amidst recent speculation surrounding a possible deal between FXDirectDealer (FXDD) and one of two possible US online FX brokers, Forex Magnates has learned that FXCM has concluded a deal to absorb FXDD’s clients.
Sunday, 04/05/2014 | 07:47 GMT by
Jeff Patterson
FXOpen Launches Gold & Cryptocurrency-Denominated Accounts, BTC-Based in Millibitcoins
- The broker has announced margin accounts based in Bitcoin or Litecoin for clients that choose a Crypto account, and Gold denominated accounts for ECN and STP accounts, as account balances take on new meaning.
Friday, 02/05/2014 | 14:01 GMT by
Steven Hatzakis
GMO Click Marks Slowest Month for 2014, April Volumes Lower by 10%
- Volume metrics at the biggest Japanese FX broker have been declining for a third month in a row, with the exchange traded part of business slumping by almost 24% to record low levels in the month of April.
Friday, 02/05/2014 | 07:37 GMT by
Victor Golovtchenko
LCG March Volumes Muted, Q1 Revenue of £4.7M, Migration of Capital Spreads Successful
- London Capital Group trading update for Q1 2014 shows March volumes had decreased over the prior two month period, and LCG said it finished the transfer of white-labels to its new core trading platform.
Friday, 02/05/2014 | 07:07 GMT by
Steven Hatzakis
Swissquote Announces Partnership with Switzerland's 5th Largest Retail Bank PostFinance
- Swissquote will leverage its trading platform to the bank's retail customers as the financial services unit of Swiss Post will acquire a 5% equity investment in Swissquote after a capital increase.
Friday, 02/05/2014 | 07:05 GMT by
Victor Golovtchenko
Compagnie Financière Tradition 2013 Annual Report: Japanese Retail FX up by 17.6%
- While the main part of the company's business operating from its London office, which includes Middle East and Africa operations, indications are that CFT is gearing resources to expand in the Asia-Pacific region.
Wednesday, 30/04/2014 | 23:24 GMT by
Victor Golovtchenko
Major FX Stuck in Ranges, Low Volatility Spells Dismal FX Volumes Numbers for April
- For the past two weeks the most traded currency pair has been stuck in a 100 pips range, with other major FX pairs not doing much better, what are the potential triggers to unlock volatility going forward?
Wednesday, 30/04/2014 | 16:37 GMT by
Victor Golovtchenko
IronFX Announces New Rep Office in Greece, as Global Operations Spree Continues
- The company has been on a fast track of setting up new offices around the world with its latest in the country's capital Athens, and bringing the total number of its offices worldwide to 55 as per its latest update.
Wednesday, 30/04/2014 | 16:09 GMT by
Steven Hatzakis
Saxo Bank Launches Stock Options Trading as it Expands Equity and Options Offerings
- Expanding their equity offering, Saxo Bank has announced the launch of stock options trading on its platform. The product adds to their existing offering of options products, which includes FX and Commodities.
Wednesday, 30/04/2014 | 12:49 GMT by
Ron Finberg
Exclusive: JFSA with ASIC to Prohibit Aussie FX Brokers from Accepting Japanese Residents
- Protectionism hits a new peak as Japan’s financial regulator forbids Australian brokers from accepting Japanese residents. The move comes as Japan’s restricted trading environment aims to eliminate ‘any’ leaks.
Wednesday, 30/04/2014 | 10:35 GMT by
Adil Siddiqui
Alpari UK 2013 Report Shows Improvements YoY, yet Expenses Offset Any Positive Net Profit
- The UK entity of the brand, recently filed its 2013 year with the UK Companies House, showing a net loss of £6.02M before tax, as revenue didn't suffice to turn a positive net profit despite a reduction in expenses.
Tuesday, 29/04/2014 | 16:54 GMT by
Steven Hatzakis
Exclusive: Q1 2014 US FX Account Profitability Report, Less Traders but More Profits
- US retail forex brokers have issued their figures of client profitability and active account numbers for Q1 2014. During the quarter, 37.6% of traders were profitable, a 4.1% increase from Q4 2013.
Tuesday, 29/04/2014 | 14:08 GMT by
Ron Finberg
Exclusive: FXDD Closing in on a Possible Sale to a Major US Broker
- Forex Magnates has learned from multiple independent industry sources familiar with the development, that FXDirectDealer may be "very close" to striking a deal with a large US retail broker, soon to be revealed.
Monday, 28/04/2014 | 20:51 GMT by
Steven Hatzakis
“Meet The Experts” Announces Its Newest Contributing Expert, Tim Furey
- The Forex Magnates Experts forum is pleased to introduce its newest contributing expert, Tim Furey, founder and CEO of Tradeview Ltd., bringing with him an understanding across white labels and brokerage.
Monday, 28/04/2014 | 16:58 GMT by
Jeff Patterson
Exclusive: Move Over WhatsApp - Dukascopy Bank Launches A Secure Instant Messenger
- Based on the reputation of Swiss banks for secrecy, Forex Magnates has learned Dukascopy Connect goes beyond FX traders and targets anyone concerned about privacy. Direct cash transactions via phone planned.
Monday, 28/04/2014 | 10:14 GMT by
Avi Mizrahi
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