News 

FFAJ FX and Binary Options Volumes Fall MoM in February

“Similar to OTC trading volumes, when measured against January, this is down by 37.9 per cent” writes Celeste Skinner for financemagnates.com. During the second month of 2019, the number of OTC forex margin trading operators registered with the FFAJ was 54.When comparing this against January, which reported a trading volume of ¥35 billion, this represents a fall of 1.6 per cent.The trading volumes for on-exchange contracts does not look much better in February, with trading volumes falling by 27.5 per cent from ¥2.4 trillion in January of 2019 down to…

Read More
News 

Neo Launches FX Management For EU Corporates

“Corporate cash management FinTech Neo is rolling out a new solution to help business customers manage their foreign exchange exposure” reports pymnts.com. In an announcement Friday (March 8), Neo said its Neo FX Hub solution enables corporate customers to manage their foreign exchange risk exposures while supporting hedging activity, and provides forwards, swaps and options.With our FX Hub, we have built from scratch a trading floor and coupled it with a treasury management platform.Research released in 2016 from cross-border payments firm Covercy found small businesses in the U.K. are particularly…

Read More
News 

Less Retail, More Premium: GAIN’s Q4 Earnings Reveal FX Trends

“GAIN Capital is the first brokerage to reveal a detailed breakdown of the shifting trends in the industry” writes Victor Golovtchenko for financemagnates.com. With the announcement that GAIN Capital will be phasing out its City Index brand, the firm is focusing on the premium segment of the retail clients base. Source: financemagnates.com

Read More
News 

Devexperts Adds Jon Light as VP of Trading Solutions

“Jon Light has taken on the position of Vice President of Trading Solutions with the company” writes Celeste Skinner for financemagnates.com. From here, he then went on to work for its parent company, Marex Spectron, as the FX Solutions Manager.Devexperts, one of the leading platform technology developers in the foreign exchange (forex) industry, has managed to recruit Jon Light, an FX industry professional, to its operations in Bulgaria. Source: financemagnates.com

Read More
Markets News 

MOEX Sees Uptick in FX Commission Income & Trading in 2018

“During the 12 months ended December 31, 2018, the total fee and commission income on the FX market was RUB 3.99 billion” writes Celeste Skinner for financemagnates.com. This was largely driven by the growth of fee income across all markets.The Moscow Exchange (MOEX) announced its financial results for the year ended December 31, 2018, this Wednesday, revealing a record 12 months for the exchange in terms of fee and commission income. Source: financemagnates.com

Read More
Brokers News 

How secure is your Tier 1 prime broker? The figures bare all

“How your Tier 1 bank handles it and how secure its systems are is paramount” reports financefeeds.com. According to the regulator, during the same period Barclays, Cahoot and Santander each suffered seven incidents while Lloyds Bank customers faced disruption on six occasions.FinanceFeeds followed this up with some London-based prime of prime brokerages, and it appears that most certainly, RBS has the lowest entry barriers and is actually willing to do business as a Tier 1 counterparty.Once upon a time, not very long ago, Tier 1 banks with large market shares…

Read More
Brokers News 

New Product: As all-new MT-compatible multi asset solution goes live, diversification is now paramount for FX brokers

“Multi-asset trading environments, offering connectivity to massive asset bases is a pre-requisite in order to engage British investors, who are usually well-read, strategic and pragmatic” reports financefeeds.com. Thus, there is now a fully accessible multi-asset solution for retail brokers which allow the trading of spot OTC derivatives on the same platform as multi-asset exchange listed futures and equities.It’s the quiet ones that are often the dark horses, especially among firms that cater toward the financially conservative British retail electronic trading sector.Mr O’Reilly is a veteran FX industry senior figure with…

Read More
Markets News 

IHS Markit Launches OTC Derivatives Valuation Data for FX

“IHS Markit announced this Monday that its over-the-counter (OTC) derivatives valuation data is now available to financial institutions for best execution compliance” writes Celeste Skinner for financemagnates.com. According to the statement, this valuation data will be available for a range of markets – interest rate, equity, forex, credit, commodity and structured product OTC derivatives.The time-stamped data will assist firms in monitoring intraday and historic transaction costs across foreign exchange (forex) and other OTC derivatives.As global regulations clamp down on transparency regarding financial market transactions, the London-based firm has launched this…

Read More
Brokers Markets News 

IG Partnership with IB Forest Park FX Reveals US Client Value

“And for those traders, IG will be a welcome addition to the market” writes David Kimberley for financemagnates.com. Having paid $40 million for the site, it makes sense that the broker is now trying to use it to attract new clients.Given Forest Park FX’s reputation for adding value to clients and our prior experience with them in Europe, they were always at the top of our list.” Working alongside the broker, FP will be providing its clients with market access through IG, cash back rebates for retail traders that use…

Read More
Markets News 

IG Group announces official launch of US retail FX business, aiming to shake things up

“Effective November 30, 2018, FX Publications Inc, doing business as Daily FX, became registered as NFA Member, Forex Firm, and Introducing Broker” reports financefeeds.com. IG believes that its retail FX offer in the US will be able to compete successfully in what is currently a limited competitive market with only three other providers. Source: financefeeds.com

Read More