Tag Archives: retail volume
Gain Capital reports positive April 2013 results, institutional volume at all time high
17
2013
Gain Capital continued the positive trend of retail and institutional forex brokers reporting peak volumes since the start of 2013. Client assets are nearing half a billion dollars while institutional volumes are at all time high.
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FXCM posts September 2012 metrics – retail volume improves vs August but still lower than 2011
15
2012
Just like all the forex industry FXCM too suffers from lower than average volumes in 2012. It seems that 2012 marks, at least temporarily, the end of the high growth in volumes for most major retail and institutional brokers – …
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Federal Court Orders Charlotte, NC, Couple and Their Companies to Pay $24 Million for Defrauding Customers in Forex Ponzi Scheme
2
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced it obtained a federal court supplemental consent order requiring defendants Sidney S. Hanson, Charlotte M. Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC, to pay $24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme (see CFTC Press Release 5689-09, August 7, 2009).
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As we already know August was one crazy (volatile) month. This means two things – brokers will report volumes higher than the average and many traders will have lost money. We’ll see this reflected both in the public brokers’ data, such as FXCM below, and in this quarter’s profitability report (due in October). Not surprisingly FXCM shows a very strong growth in volumes, especially institutional ones, amid slow growth in number of accounts.
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Decline of $10 billion in average daily volume in spot transactions – United States
26
2011
The Foreign Exchange Committee today released the results of its fourteenth Survey of North American Foreign Exchange Volume. Here are the key points: – Average daily volume in total over-the-counter foreign exchange instruments (including spot, outright forward, foreign exchange swap, and …
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All brokers (except Tradestation) have updated their profitability numbers for the second quarter 2011. What clearly stands out is the drop in profitability experienced by clients of all brokers (with the exception of Advanced Markets – but its numbers are insignificant). On average clients’ profitability dropped 4% since last quarter. When talking to brokers most of them stated the same reason for this – increased volatility during the quarter.
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CMS FX might have ceased being a forex broker and transferred clients to Gain Capital, but it’s not out completely. On May 19th, 2011, the NFA Business Conduct Committee charged CMS with failing to implement an adequate business continuity and …
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Oanda is the latest broker to offer new FX products after the introduction of the USD/BRL at Saxo and the Dow Jones FXCM Dollar index. Demand for emerging currencies from retail traders tends to peak during times of uncertainty which …
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