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Gain Capital Holdings Inc (NYSE:GCAP) has just reported its operating metrics for the month of July 2018. After a very strong first half of the year, the numbers begin 2H-2018 a little slower at FOREX.com and City Index, Gain’s two main Retail trading brands, though mainly due to typically slow...

Drew Niv and FXCM Inc, now known as Global Brokerage Inc (OTCMKTS:GLBR), have had a case against them dismissed in New York. Judge Kimba M. Wood of the New York Southern District Court has ruled in favor of the defendants in a lawsuit concerning the events around January 15, 2015. The plaintiff –...

Shortly after the European Securities and Markets Authority (ESMA) posted a Public Statement stressing that market participants need to prepare for the so-called “hard Brexit”, the Cyprus Securities and Exchange Commission (CySEC) also issued an update on the matter. The CySEC announcement, publi...

The United States Commodity Futures Trading Commission (CFTC) continues its efforts to put an end to fraudulent online trading schemes. The regulator is seeking a default judgement against Jin Choi, Apuro Holdings, Ltd d/b/a ApuroFX and JCI Holdings USA d/b/a JCI Trading Group, LLC. The relevant ...

There has been a lot of change swirling lately at global broker ADSS – a rebranding of the company from ADS Securities, senior management changes, preparing for ESMA, and dealing with a new cryptocurrency trading clientele. We are very pleased to speak today with Mathieu Ghanem, Managing Director...

Almost a week has passed since every brokerage based inside the European Union which offers OTC derivatives to a retail audience has had to adhere to a stringent set of new rulings which affect the means by which it provides its products. The pan-European directive, which mandates that, effective...

Continuing a somewhat troubling downward trend (see chart below), Copenhagen based Retail FX broker Saxo Bank has released data indicating that client FX and multi asset trading volumes in its system decreased by 17% during July, totaling $316 billion versus $380 billion in June. Within that...

Thomson Reuters has established a new data agreement with ICAP and Tradeweb, taking on rival Bloomberg’s recent data deal with NEX BrokerTec and Tradition. The deal will see the Reuters Capital Markets 19901 (RCM19901) benchmark add US Treasury data from Tradeweb’s business Dealerweb, alongside c...

The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the District of Utah against JAFX Ltd. of Sofia, Bulgaria and Kingstown, St. Vincent and the Grenadines. The CFTC Complaint alleges that, from at least Se...

London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) issued an interesting statement following its Annual General Meeting last week, which also coincided with the release of CMC’s quarterly Trading Update. While stating (as is certainly usual) that all the resolutions...

In a quarter which was much more about strategic, long-term focused moves than about numbers, FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) has reported its financial figures for Q2-2018 that take a little time to digest. The company has restated historical figures due to the sale of...

In January ESMA proposed a number of changes for leveraged retail traders within the EU region and kicked off a consultation period to open up the discussion. Over 14,600 people had their say via the #ReplyToESMA website with an overwhelming majority opposing the regulatory changes. On the back o...

UK online trading leader IG Group Holdings plc (LON:IGG) has reported its financial results for 2018 (IG has a May 31 fiscal year end), sporting record revenues and profits – but indicating that results will likely be lower in 2019 due to the CFD leverage caps being instituted by ESMA, scheduled...

The Aug. 1 implementation of new rules is drawing close for the European forex industry. That's the date set by the European Securities and Markets Authority (ESMA) to sharply lower leverage on major currency pairs to 30:1 from levels that now run as high as 200:1. Minor pairs will drop even...

Less than a week after the United States Commodity Futures Trading Commission (CFTC) sought to rebutthe objections of ex-UBS precious metals trader Andre Flotronin a spoofing case, the regulator and the defendant appear to be close to a settlement. In support of their motion, the parties state th...

We are proud to announce that in June 2018 XM received two more prestigious achievement awards as acknowledgement for the excellence we represent in the forex industry. In recognition of the outstanding quality that our company provides to clients, XM was awarded for Best Market Research & Educat...

Information giant Thomson Reuters (NYSE:TRI) has announced a partnership agreement with London-headquartered FINBOURNE Technology to use FINBOURNE’s cloud-based advanced investment management platform, LUSID®, for Thomson Reuters client and transaction data. LUSID is an event-based ledger with pu...

On a breezy morning in Sennen Cove, Cornwall, FXTM Brand Ambassador and UN Patron of the Oceans, Lewis Pugh prepares for the toughest swim of his life. The challenge ahead of him is a world-first – a cold, 560 kilometre swim of the entire length of the English Channel. Lewis will adhere to...

Over recent years, businesses and governments alike have embraced open APIs in order to generate new revenue streams using data assets. This trend has been among the factors for the development of the so-called API economy. There is nothing astonishing then that major online companies are seeking...

CySEC regulated online brokerage and investment company RoboMarkets has announced that it has signed an official partnership agreement with BC Žalgiris. Under this Agreement, RoboMarkets becomes an official sponsor of BC Žalgiris in the Lithuanian Basketball League (LKL) during the 2018/2019...