Retail FX brokers see best-ever day in years following Gold crash

NEW YORK - April 16, 2013 - PRLog -- LeapRate Exclusive.... LeapRate has learned, in discussions with senior management at various FX brokers in different locations worldwide, that the past two trading days (Fri Apr 12 and Mon Apr 15) were in aggregate two of their best-ever days from virtually every measure -- profits, volumes... (But it hasn't helped the shares of FXCM and Gain Capital, which did even worse Monday than the "market" -- more on that below).

For those who follow LeapRate and know the industry well, this shouldn't really come as any surprise. FX brokers, both market makers and ECN "agent" firms, typically do well during very good or very bad times. They just need lots of trading volume to thrive, and volumes happen whenever there is volatility, and things are moving.

And boy, things have moved indeed. Gold prices, with no seeming precipitating factor, have dived about $200 per ounce over the past two trading days, for Gold's largest near-term drop in both aggregate and percentage terms since the 1970s.

For more details see LeapRate's Forex Industry News at http://leaprate.com/forex-industry-news/entry/retail-fx-brokers-see-best-ever-day-in-years-due-to-gold-crash.html