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FastMatch, Hotspot Volumes Hold Steady in February Volumes on FastMatch and Hotspot were little changed in February compared to the previous month, but significantly up year-on-year. The ADV on Hotspot for February was $32.6 billion, up 6.2% from January 2016 and up 24% year-on-year. This increase can largely be attributed to ...
FXCM Publishes Retail FX Spread Data for 2015 FXCM says that the average spreads for EUR/USD, USD/JPY and AUD/USD currency pairs available to its retail customers in 2015 during peak trading hours was 0.3, while for GBP/USD it was 0.5. During non-peak hours, FXCM says that the ...
CFH Adds Olfa Soft

11:05 February 23rd 2016 in News, Brokers

CFH Adds Olfa Soft

CFH Clearing is extending the number of white label platforms available to its institutional clients through a partnership with Swiss technology provider Olfa Soft. From March, CFH Clearing will offer Olfa Soft’s Seamless FX (SFX) platform as a white ...
Gain Changes Methodology as More Platforms Report Gain Capital has changed how it reports its average daily volume to reflect the wider market convention and to ensure conformity of reporting across its venues. Previously Gain reported its ECN institutional volumes on a double count basis, it has ...
BGC’s 2015 FX Revenues Up 44.4% YoY

17:19 February 10th 2016 in News, Brokers

BGC’s 2015 FX Revenues Up 44.4% YoY

BGC Partners’ FX revenues grew by 44.4% in 2015 to reach $310.6 million, according to its end of year financial results. Additionally, its Q4 2015 FX revenues were $71.6 million, up 33.12% from the $56.7 million reported in Q4 2014. The total revenues of Fenics, which BGC acquired ...
Icap Revenues Fall in Q3

09:57 February 9th 2016 in News, Brokers

Icap Revenues Fall in Q3

Icap has released its third quarter (to December 2015) trading statement, revealing that group revenue from continuing businesses was 5% lower than the same period in 2014 on a constant currency and on a reported basis. “Overall market conditions have remained challenging,” the ...
Mixed ADV News for Thomson Reuters

00:44 February 8th 2016 in News, Brokers

Mixed ADV News for Thomson Reuters

Spot trading volumes across Thomson Reuters’ platforms offered the now familiar picture of a month-on-month growth but a year-on-year decline – of the platforms to report data only FastMatch has seen a year-on-year increase. Average daily spot volumes on Thomson Reuters’ ...
Icap Volumes for January Mixed

11:08 February 4th 2016 in News, Brokers

Icap Volumes for January Mixed

Icap foreign exchange volumes for January 2016 show a strong pick-up from the prior month but a 20% drop against January 2015 numbers. EBS average daily volumes (ADV) for January 2016 were $103.8 billion, 39% higher than December 2015, but down 20% against the January 2015 figure of $129.6 billion ...
Tullett, Icap See Deal Proceeding Despite DoJ Interest Tullett Prebon and Icap say they still expect the proposed merger of their voice businesses to go ahead in spite of enquiries made by the US Department of Justice (DoJ). In a statement, Tullett Prebon says it has received a ...
BoJ Surprise Helps Platforms

03:19 February 1st 2016 in News, Brokers

BoJ Surprise Helps Platforms

The surprise rate cut by the Bank of Japan on Friday provided FastMatch and Hotspot with a strong end to January, with both platforms seeing their busiest day of the year so far. Hotspot handled $48 billion on Friday January 29 more ...