The companies, products and regulatory developments shaping the broker industry.
A yen-unit reconciliation of 46 domestic OTC FX firms contrasts ¥1,227 trillion of September turnover with ¥11.7 trillion of month-end positions, without mistaking activity for leverage.
VCG Markets says it obtained a Kenyan non-dealing FX brokerage approval, but the public CMA list checked on 12 November did not identify the relevant company. Until the legal entity and licence number are verified, publication should distinguish the claim from regulatory confirmation.
An exact conversion of FFAJ data shows the scale and velocity of Japan’s retail OTC FX market, while preserving the crucial distinctions among gross turnover, open notional exposure, customer margin and broker revenue.
StoneX’s Self-Directed/Retail FX and CFD business processed sharply less volume in its fiscal third quarter, yet earned more on each million traded. FXBrokers.ai’s reconstruction shows how mix and monetisation offset part of the activity decline—and why the wider group data point to a different result.
Tokyo Financial Exchange recorded 1.60 million FX daily-futures contracts in October, with broad monthly declines offset by a sharp rise in euro/dollar and strong annual growth in forint/yen.
The federal order against Michael DePetrillo and two companies follows findings of retail-FX fund diversion, false statements and permanent market bans, separate from an earlier criminal restitution order.
Gaitame.com helped lift quarterly revenue including joint ventures to CHF310.2m. The retail business still represented about 4.5% of that total, despite its much faster growth rate.