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Here come the hedge funds! Citadel Investment Group takes a significant stake in FXCM.

Wall Street was clearly unimpressed with both firms, as the shares of both traded down sharply – FXCM by 17%(!!!) and Gain by 6%. But what did we really learn from the results of each?

Increasingly high petrol prices have led, not unexpectedly, to decreased driving and increased online shopping, also positively impacting the online trading world.

LeapRate is pleased to now include the leading Swiss-based Forex firms in its Approved List of online trading firms.

Gain Capital / Forex.com buys (but loses its largest IB), Deutsche Bank (dbFX) quits, FXCM loses major WL client, Alpari announces, TradeStation sells, Saxo Bank to sell?....

Danish newspaper Borsen reports on a possible deal for a 33% stake in Saxo Bank.

LMAX loses its CEO - i.e. it is not easy to break into the Forex business.

LeapRate is pleased to announce the first major update to our Online Forex Industry Report, which we originally published in December 2010.

In the aftermath of FXCM’s and Gain Capital’s successful IPOs last December, a number of other Forex firms (and their shareholders) have begun to look more closely at going public as well.

Was this a one-time drop, or more indicative of a downward trend in Forex industry profitability?