brokers
Full Speed Ahead: Interactive Brokers Releases Q1 2014 Metrics, Net Revenue Soars 64% YoY
- Interactive Brokers Group Inc. has announced the release of its Q1 financial metrics ending March 31, 2013, highlighted by soaring net revenues of $355 (64% YoY) and robust gains across all other operations.
Tuesday, 15/04/2014 | 20:57 GMT by
Jeff Patterson
FXCM Retail Volumes Drop in March, Institutional Volumes in the Green
- Retail trading volumes at listed FX and CFD broker, FXCM, were lower in March from figures reported a month earlier despite the heightened volatility in global markets. However, institutional metrics were in the green.
Monday, 14/04/2014 | 21:33 GMT by
Adil Siddiqui
KCG Reports March 2014 Trade Volumes, FX Rebounds 5.6% MoM
- KCG Holdings Inc., an independent securities firm, has released its monthly trade volumes for March 2014, highlighted by a MoM increase of 5.6% increase in average daily volume for foreign exchange.
Monday, 14/04/2014 | 11:53 GMT by
Jeff Patterson
TMS Brokers Acquires Majority Stake in Trading Company ProTRADER
- The Polish brokerage could be aiming to add firepower to its financial advisory department by acquiring a controlling stake of 51% in a company which specialises in trading FX, commodities and futures.
Friday, 11/04/2014 | 22:18 GMT by
Victor Golovtchenko
JPMorgan Chase & Co Brings Stake in FX Broker Plus500 to 6.81%, Buys Over 3.1M Shares
- Regulatory filings by Plus500 reveal the total number of its shares held by JPMorgan Chase & Co has been increased to 7,824,770 from 4,460,412 purchased in March, valued at nearly £55M using yesterday's close.
Friday, 11/04/2014 | 10:05 GMT by
Steven Hatzakis
Saxo Bank Among First Retail Brokers Connecting to IEX
- Although going live only five months ago, IEX, has been able to quickly attract a trader following. Becoming the first European retail broker to connect to the exchange, Saxo Bank has announced direct routing today.
Thursday, 10/04/2014 | 15:07 GMT by
Ron Finberg
March GAIN Capital Volumes Rebound From Sharp February Drop
- Retail monthly figures have increased by 9% from February's metrics, while on the institutional side business has improved by 7% in March. The yearly numbers are much higher due to GAIN Capital's GFT acquisition.
Thursday, 10/04/2014 | 11:47 GMT by
Victor Golovtchenko
Exclusive: ILQ Chief Executive Talks About What's Next After Exit From U.S. Forex Market
- Following the news that Institutional Liquidity LLC will discontinue its RFED license, Forex Magnates followed up with Jason Tanner, the firms CEO, to find out why the exit came, and what's next for ILQ's future.
Wednesday, 09/04/2014 | 17:07 GMT by
Steven Hatzakis
Attack of the Clones: FCA and MFSA Charge Against Unregulated FX Websites
- European regulatory authorities have uncovered a series of fraudulent websites. One entity has stolen the name of one of the leading forex brokers FXDD, while cloning of FX related websites becomes a trend.
Wednesday, 09/04/2014 | 13:40 GMT by
Victor Golovtchenko
Ariel Optimizes End-User Funds Transfer and Management with Shared Wallet Launch
- A new release from Ariel Communications, a Financial trading service, offers its easy to use payment method the Ariel Shared Wallet.
Wednesday, 09/04/2014 | 10:17 GMT by
Payment Magnates
Ontario Securities Commission Adds a CySEC-Regulated CIF to its Warning List
- The OSC has warned Ontario residents that the company operating binary options brands including 24option.com, 24fx.com, zoneoptions.com, grandoption.com, and binaryoption-affiliate.com, is not regulated in Canada.
Tuesday, 08/04/2014 | 20:50 GMT by
Steven Hatzakis
Hong Kong's Regulator SFC Warns Against A Cantor Fitzgerald Imposter Website
- The far east appears to be one of the main areas which are targeted by imposter websites which are using a well established name to conceal from its potential victims the true nature of their business.
Tuesday, 08/04/2014 | 15:04 GMT by
Victor Golovtchenko
MB Trading to Launch cTrader, First US Broker Offering the Platform
- US based MB Trading and Spotware systems have announced that the broker will begin to offer cTrader to its clients. With the release, MB Trading becomes the first US licensed broker to offer cTrader to its customers.
Tuesday, 08/04/2014 | 08:38 GMT by
Ron Finberg
X Open Hub Onboards Zulutrade To Expand Its Social Trading Capabilities
- After introducing Tradency's Mirror Trader half a year ago, the company is now bringing in another copy trading platform provider aiming to diversify its trading environment, XTB the first broker to launch.
Tuesday, 08/04/2014 | 06:56 GMT by
Victor Golovtchenko
Hirose UK Launches LION Binary Options - Regulated By The Gambling Commission
- The first Japanese FX broker that laid foot on the ground in London is about to shake up the binary options industry by launching its proprietary binary options platform under the name LION Binary Options.
Monday, 07/04/2014 | 22:54 GMT by
Victor Golovtchenko
New Russian Forex Bill: Offshore Regulation To Be Banned
- The Russian Duma will vote on a second reading the FX regulation bill on the 23rd of April, meanwhile the Parliament’s financial markets committee will ponder banning brokers based in offshore financial centres.
Monday, 07/04/2014 | 19:47 GMT by
Victor Golovtchenko
Saxo Bank Launches USDCNH OTC Options, Fortifying Existing CNH Offering
- Versatile multi asset broker Saxo Bank, has announced the new launch of over-the-counter (OTC) options on its USDCNH platform, granting clients more diverse exposure to Chinese Renminbi trading.
Monday, 07/04/2014 | 12:18 GMT by
Jeff Patterson
GAIN Capital Acquires Galvan Research as it Aims to Boost CFD Offering
- GAIN Capital has announced that it is acquiring Galvan Research, a UK based CFD advisory services firm, for an undisclosed sum. The FCA licensed advisory firm provides clients recommendations trading reports.
Monday, 07/04/2014 | 11:09 GMT by
Ron Finberg
Turkey FX Conference Day Two - More than 1,200 Traders Gathered in Istanbul
- After the successful launch yesterday, the first edition of the Turkey FX Conference is well on its way. The theme on Saturday is to provide a bridge between retail customers and their fellow brokerages.
Saturday, 05/04/2014 | 16:07 GMT by
Victor Golovtchenko
Interactive Brokers and TradeStation Announce Order Routing To IEX
- The high-frequency trading scandal that was reignited following the release of Michael Lewis’ new book “Flash Boys” is pushing retail brokers to switch to the Alternative Trading System provided by IEX.
Saturday, 05/04/2014 | 14:42 GMT by
Victor Golovtchenko
Weighing In On The First Ever Turkey FX Conference: Impressions From Day One
- The industry’s first ever FX Conference in Turkey has gotten underway Friday, as hundreds of traders, executives, and prominent fx leaders are in attendance at the luxurious Ciragan Palace Kempinski Hotel.
Friday, 04/04/2014 | 16:27 GMT by
Jeff Patterson
Saxo Bank's March Volumes Lower By 9% on February
- The Average Daily Volume has dropped markedly to $11.4 billion, which is lower by 13.6% when compared to last month's figures and is more similar to the amounts seen throughout the final quarter of 2013.
Friday, 04/04/2014 | 12:51 GMT by
Victor Golovtchenko
Henyep Capital Markets Ltd. Launches FCA-Licensed HY Binary Options
- UK-based Henyep Capital Markets Ltd. has announced the launch of HY Binary Options, a fully regulated and FCA-licensed company - the first such regulated entity since Alpari's exit from the industry.
Friday, 04/04/2014 | 12:17 GMT by
Jeff Patterson
MFSA Issues Statement On Unlicensed FX Brokers Amidst False Claims Of Oversight
- The Malta Financial Services Authority has issued a statement of warning, addressing the increasing number of unlicensed fx brokers operating in the country though a string of websites and advertisements.
Friday, 04/04/2014 | 09:22 GMT by
Jeff Patterson
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