Skip to main content
RSS Feed

Latest FX News

Brokers

EBS Launches NDF Short Dates

10:57 April 20th 2016 in News, Brokers

EBS Launches NDF Short Dates

EBS BrokerTec has rolled out a new product this week which is effectively a short-dated swap for the NDF market. Inevitably it says that this is as a result of client demand, but in this case the claim does appear ...
FXCM Revamps Institutional Business FXCM has announced what is effectively a revamping of its semi-dormant institutional business. The company says it has relaunched both FXCM Pro, while reminding market participants of the existence of FXCM Prime. FXCM Pro was originally established in 2004 as the ...
Reuters Volumes Hold Up, While FXCM’s Go with Trend Transaction volumes across Thomson Reuters’ myriad platforms held up well in March, on a month-on-month basis, bucking the trend for lower turnover levels seen elsewhere. Overall, the company says average daily volume (ADV) was $362 billion, a month-on-month increase of just ...
Volumes Drop in March

04:20 April 4th 2016 in News, Brokers

Volumes Drop in March

The first batch of platform volumes reported by FastMatch, Gain GTX and Hotspot indicate a sharp drop in activity in March. Bats Hotspot reports average daily volume (ADV) of $25.5 billion in March, down 21.75% month-on-month and down 19.5% year-on-year. It was a ...
EBS and ICAP Launch Sterling Repo Index Rate EBS BrokerTec and ICAP Information Services (IIS) have launched a new Sterling Repo Index Rate (£RIR) that will provide a daily measurement of the effective cost of funding for Sterling Government Bonds. £RIR will be calculated and distributed by IIS, ...
January 15 Comes Back to Haunt IBFX as CFTC Fines Over Capital Shortfall The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against IBFX, formerly known as TradeStation Forex. The CFTC says that from January 15, 2015, through February 5, 2015, IBFX failed to meet the minimum capital requirements, failed to ...
FXCM Announces Q4 Results: Gets More Time for Asset Sales Brokerage firm FXCM has signed a Memorandum of Understanding (MOU) with Leucadia National to extend the firms’ credit agreement for another year to enable FXCM to “optimise remaining asset sales”. Leucadia rescued FXCM with a loan in January 2015 after the ...
ICAP Global Broking Releases New Products Icap has announced the release of two new products aimed at buy side users. The first of these products, TrueQuote, is a portal for buy side clients, while the second newcomer, CrossTrade, is a workflow efficiency tool that will be ...
Thomson Reuters’ Spot FX Volumes Dip In February, Overall Volumes Up YoY Although spot FX volumes were down year-on-year across Thomson Reuter’s platforms in February, overall FX volumes were up 28% from the same month the previous year. Thomson Reuters recorded an average daily volume (ADV) of $111 billion for spot FX trading ...
EBS Feb Volumes Show YoY Improvement ICAP today released February volumes for EBS, showing a slight decline from January, but up year-on-year, echoing similar annual improvements released by other platforms in recent days. While EBS volumes for February 2016 were $102.6 billion and therefore down 1% from January’s $103.8 ...