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Should Clients Cover Their Own Negative Balance?
- Our article "Are You Covered? These Brokers Forgive Negative Balance following CHF Crisis" made our guest blogger Ron de Luca raise the question whether traders should be held responsible for the negative balance or not. What is your opinion? Feel free to submit a blog post about this issue. More details can be found at the end of the article.
Sunday, 25/01/2015 | 11:19 GMT by
FMAdmin Someone
Critical Lists Detail the CHF Effects as the Alpari UK Insolvency Saga Unfolds
- Forex Magnates spotlights the past week's top news from around the world at one of the most challenging times for the industry. From compulsory leverage changes to the latest acquisition offers for struggling firms.
Sunday, 25/01/2015 | 11:01 GMT by
Avi Mizrahi
P2P Lending Getting Banking Boost this Week as RBS to Refer Clients to Funding Circle and Assetz Capital
- Part of an initiative to provide borrowing oppurtunities to business customers that don't meet their criteria, RBS will begin to refer clients to P2P lenders Funding Circle and Assetz Capital.
Sunday, 25/01/2015 | 10:45 GMT by
Ron Finberg
College Friend Offered Programming Help to Silk Road, Says Ulbricht Later Sold the Site
Sunday, 25/01/2015 | 10:29 GMT by
Leon Pick
Bitcoin Price Jumps to Two-Week High, Litecoin Rockets More than 70%
Sunday, 25/01/2015 | 09:20 GMT by
Leon Pick
Bitcoin Picks: KPMG on Bitcoin Disrupting Retail Banking as Coinbase Secures $75 Million
- Another week of Bitcoin stabilization brought a slew of news to the market, with a major M&A media deal, a $75 million investment into Coinbase, all of which was happening just before an interesting KPMG report.
Saturday, 24/01/2015 | 16:01 GMT by
Victor Golovtchenko
MetaQuotes Deploys MetaTrader 5 to Pakistan Mercantile Exchange
- The company is also setting up a local subsidiary in Pakistan’s second largest city, Lahore, whose objectives involve customer technical support and leading a marketing effort of the company’s line of products.
Saturday, 24/01/2015 | 13:25 GMT by
Victor Golovtchenko
Australia Headquartered Brokerage ThinkForex Obtains FCA License
- London continues its domination in attracting foreign exchange and CFD brokers from all over the world with the reputation of its Financial Conduct Authority regulatory body now being put to the test by the Swissie.
Saturday, 24/01/2015 | 12:29 GMT by
Victor Golovtchenko
ThinkForex Fortifies Executive Team, Adding Gareth Thomas and James Raiski
- FX, metals, and CFD provider ThinkForex has fortified its management team following the approval of a FCA license – the group has added Gareth Thomas as its Managing Director and James Raiski as Head of Institutional Sales.
Saturday, 24/01/2015 | 03:00 GMT by
Jeff Patterson
US Watchdog Enforces Higher Margins on FX Crosses, 3% on JPY & AUD
- Retail FX brokers in the USA will be adhering to regulatory requirements to increase margin values on certain major and exotic financial instruments. The move comes amid heightened volatility in global markets.
Saturday, 24/01/2015 | 00:39 GMT by
Adil Siddiqui
FXCM Confirms Plans to Sell Non-Core Assets Plus Record FX Volumes Amid Volatility
- Trading activity was in the green at listed broker FXCM as volatility supports trading volumes. The broker also confirmed that it plans to release certain non-core business units in order to cover its rescue loan.
Saturday, 24/01/2015 | 00:04 GMT by
Adil Siddiqui
Shockwaves of CHF Crisis Impact Foreign Exchange Prime Brokers
- The impact of the Swiss franc crisis is slowly showing its true light as institutional participants reap risks of the major market move. FXPBs have been directly impacted as bank risk parameters are reviewed.
Friday, 23/01/2015 | 21:17 GMT by
Adil Siddiqui
FXCM Share Buyout on the Table? Charles Schwab Emerges as Possible Suitor
- Charles Schwab Corp has emerged as a darkhorse candidate to buyout shares of FXCM (NYSE:FXCM), following the recent Leucadia lifeline last week, with a premium of $5.25 per share being seen as a plausible figure.
Friday, 23/01/2015 | 19:11 GMT by
FMAdmin Someone
Dukascopy Bank to Embrace 1% Margin on EUR/CHF
- Swiss bank, Dukascopy, is one of the first major forex providers in the country to reinstate its standard margin requirements on the troubled EUR/CHF financial instrument. The revised margins are to return on the 25th of January.
Friday, 23/01/2015 | 18:26 GMT by
Adil Siddiqui
Breaking: Saxo Bank Remains Well Capitalized, Albeit Facing up to $107 Million Losses
- The Danish multi-asset brokerage has issued the full details unveiling the maximum prospective losses it is facing in the aftermath of the Swiss National Bank's move to remove its support from the 1.20 EUR/CHF floor.
Friday, 23/01/2015 | 16:00 GMT by
Victor Golovtchenko
FXCM Board Draws Additional Investigation from Kirby McInerney Law Firm
- In what constitutes standard industry practice, a number of law firms are filing shareholder lawsuits against companies whose value drops massively in a short amount of time, as happened with FXCM.
Friday, 23/01/2015 | 14:51 GMT by
Jeff Patterson
Breaking: FxPro to Launch an MT5 Platform Offering from Metaquotes
- After FxPro became one of the few large true ECN providers to cover losses of its clients in the aftermath of the Swiss franc crisis, it is now adding another platform to its variety of offerings.
Friday, 23/01/2015 | 14:24 GMT by
Victor Golovtchenko
Thomson Reuters Reports December Volumes for FXall and Matching Platforms
- Total trading volumes remained flat during the month of December, with spot trading declining materially due to the holiday season, an event which was fully compensated by other foreign exchange transactions.
Friday, 23/01/2015 | 13:08 GMT by
Victor Golovtchenko
Can a Bitcoin Exchange Get "Franc-ed"? CHF Carnage Offers Timely Lesson for Brokers and Traders
Friday, 23/01/2015 | 13:00 GMT by
Leon Pick
FX Liquidity Providers Pull Back from Danish Krone and Hong Kong Dollar
- AxiTrader and Pepperstone have just announced that they are forced to stop providing currency pairs involving two of the most popular pegged currencies - the Danish krone and the Hong Kong dollar.
Friday, 23/01/2015 | 08:20 GMT by
Victor Golovtchenko
Compagnie Financière Tradition's Fourth Quarter Results up 6.2% YoY
- The Swiss company's results in the fourth quarter of 2014 have improved materially, after volatility across a broad spectrum of financial markets brought in an increased flow of trading volumes.
Friday, 23/01/2015 | 06:47 GMT by
Victor Golovtchenko
Where Do Loyal Middle Eastern Alparites Trade?
- Alpari’s Dubai office has been one of the best performing units in the group with strong capital inflows over the last four years, however, with Alpari UK closed for business where does the office send interested clients?
Friday, 23/01/2015 | 01:06 GMT by
Adil Siddiqui
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