Best Stories of the Week: 24Option Leaves Binary Options Behind

Last week was quite remarkable. NEX Group’s Swap Execution Facility went live, and FXSpotStream’s monthly performance report marked last month as its best of the first half of the year. 24Option switched gears, moving away from binary options and towards only Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading.

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24Option Drops Binary Options

On Wednesday, the binary options household name 24Option was reported to be soon leaving this product behind. The brokerage will shortly begin moving in a new direction, offering only forex and CFDs trading services. New clients registering with the broker will be able to open and fund accounts following the new business model.

FXSpotStream's Trading Volumes Increase MoM and YoY

On Wednesday, FXSpotStream, an institutional Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term venue, released its trading volumes for the month of June 2017. There were increases both in the average daily volume and the total volume on a month-on-month basis. There were declines in both volumes compared to June 2016, but only by about 2 percent each.

GMO Click's FX Neo Forex Trading Volume Drops 31 Percent YoY

On Wednesday, GMO Click, a subsidiary of Japanese GMO Internet, published its June 2017 results, showing declines in the total trading volume on month-on-month and year-on-year bases. Compared to May 2017, trading volume largely maintained stability with a 4.1 percent decrease. On a year-on-year basis however the decline was estimated at 31.2 percent. The number of accounts increased by 0.8 percent from the preceding May, and there was additional growth of 9.89 percent compared to June 2016.

Euronext Sees Elevated Wheat Prices

On Wednesday the pan-European exchange Euronext released its June volumes and metrics, revealing the two culprits behind the rise in wheat prices. There was a heatwave in France, and this along with other wheat-related issues occurring in the United States caused uncertainties regarding this year's harvest. In addition, individual equity derivatives ADV were up 84.4 percent on a year-on-year basis.

NEX SEF Goes Live

On Thursday, NEX Group Plc, a financial technology provider, announced its Swap Execution facility (NEX SEF) going live on July 3, 2017. NEX SEF received authorization from the Commodity Futures Trading Commission (CFTC) and the Financial Conduct Authority (FCA) to operate in the United States and the United Kingdom. It also received the green light to operate in Ontario, Canada from the Ontario Securities Commission (OSC). NEX SEF will serve as a multi-lateral trading facility (MTF) under the current MiFID regulation, and will adapt to the changes that are expected to come into effect on January 3, 2018.