Month: October 2012

TraFXpure Testing; Targeting January Launch

The nascent traFXpure project has taken a major step forward with the start of testing on the platform. Interdealer broker Tradition, which owns and runs the platform, has also released more details of how the matching engine will work and named three more banks that will support the venture. Testing is going according to plan, […]

And Finally…

It must have been six or eight weeks ago that I first mentioned the problem of non-US names turning down their US counterparts in the interest rate and forward FX markets. Well, the problem is growing, and it is growing at a time when the US is effectively without leadership, hence it could become a […]

Around the World

Russian run on CME’s Globex. Russian twins Marat and Ayrat Yunusov have been indicted in the Northern District of Illinois on federal fraud charges following their attempt to make a $7.2 million profit through manipulative trades in Russian rouble and British pound currency futures on CME Group’s electronic global platform, Globex. The brothers allegedly tried […]

Tech Corner

Online currency trading provider GFT Markets is adding the Chinese renminbi against the US dollar and the Japanese yen to its platform. Using the Hong Kong deliverable (CNH), GFT’s clients will have access to the currency at a time when both Beijing and Washington face the prospect of leadership changes that could markedly influence the […]

On the Move

Hayward Heads Oanda Europe Retail FX broker Oanda has appointed a new head of Oanda Europe following the departure of Antony Broadbent in September. The company, which opened its London office in June last year and appointed Broadbent as managing director of the subsidiary, has appointed Paul Hayward to the role. Hayward was most recently […]

Saxo Bank Launches New Charts on SaxoTrader

Saxo Bank has launched new charts on SaxoTrader and SaxoWebTrader with enhanced functionalities. The new charts offer improvements to users that include the ability to place orders using a drag and drop function, the ability to select a data range with one click and a faster update of prices. More reliable and annotation tools allow […]

MahiFX Launches Trading and Price Alert Notification Feature

MahiFX, a proprietary-built online foreign exchange trading platform, has launched a customisable trading and price alert notification capability for currency and precious metal traders. MahiFX traders now have the option to be alerted when the markets reach a certain level by activating a price alert button on their trade. Once activated, clients can configure customisable […]

Retail FX Volume Index Up 7% in September

LeapRate’s Retail FX Volume Index rose by 7% in September to $179 billion per day. While this was a healthy monthly increase, retail FX trading levels came off a low base due to consecutive 10.5% and 5% decreases in the index during the July and August summer months. As such, retail FX trading activity remains […]

Forex.com Launches CFD Platform

Forex.com, the retail arm of Gain Capital, has launched a contracts-for-difference platform, Trade, offering access to hundreds of foreign exchange, commodity and index markets, all with fixed spreads and instant trade execution at the screen price. Tools available on the platform include a drag-and-drop strategy builder to help investors develop trading strategies without the need […]

Advanced Markets Withdraws from Retail FX

Advanced Markets has relinquished its US retail broker registration so it can focus on its primary business providing wholesale liquidity, credit and direct market access products to brokers, banks and institutional foreign exchange market participants. The change took effect on 30 September pending final regulatory approval. The strategy shift comes as the company launches Ultimt, […]