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XTB Group Forecasts $17.4 Million Profit following Swiss Tsunami
- Despite the inability of many brokers to emerge out of the shocking Swiss-induced upheaval last week unscathed, XTB Group managed to turn calamity into victory by turning a strong profit which proved to be its strongest in six months.
Monday, 19/01/2015 | 12:24 GMT by
Jeff Patterson
GMO Click Suffers $937K Balance Hit following Swiss Franc Convulsions
- On the heels of last week’s Swiss pandemonium and the consequent aftermath on FX markets, GMO Click Holdings incurred $937,766 (¥110 million) in negative client balances, but remains materially solid otherwise.
Monday, 19/01/2015 | 12:10 GMT by
Jeff Patterson
DigitalBTC Stock Falls to 20-Month Low as Bitcoin Price Plunge Hurting Earnings
Monday, 19/01/2015 | 10:46 GMT by
Leon Pick
Nasdaq Teams with Japan Exchange Group for next-Generation Derivatives Trading
- Nasdaq and the Japan Exchange Group (JPX) have embarked on a development initiative to support a next-generation derivatives trading module for the JPX subsidiary, Osaka Exchange.
Monday, 19/01/2015 | 10:23 GMT by
Jeff Patterson
Alpari Sale Talks Seems to Have Collapsed, Final FCA Meeting Imminent
- Forex Magnates has also learned that the broker must report to the FCA within the next hour if any deal has materialized to prevent the insolvency declaration, and according to Forex Magnates sources, no deal has been reached.
Monday, 19/01/2015 | 10:13 GMT by
Avi Mizrahi
LMAX Exchange Announces Partnership with Z.com Trade, Augmenting Execution Capabilities
- LMAX Exchange has partnered with GMO's Z.com Trade UK Ltd. in a bid to provide Z.com’s clients with exposure and access to its non last-look liquidity execution services and utility.
Monday, 19/01/2015 | 10:01 GMT by
Jeff Patterson
If You Are a Broker Pressed to Sell, This May Be Your Way Out
- Over the weekend brokers were quick to inform us about their appetite for other players' businesses. If you happened to be following up on these hoping to score a deal, now you can take it forward by letting us know.
Monday, 19/01/2015 | 10:00 GMT by
Finance Magnates Staff
Netagio Adds Credit/Debit Card Option for Funding Bitcoin Trading Accounts
Monday, 19/01/2015 | 09:17 GMT by
Leon Pick
Lucky or Strong? Who Will Survive CHF Volatility
- The Forex world is still in a shock after the recent SNB announcement.
Monday, 19/01/2015 | 08:12 GMT by
David Kasper
FFAJ Releases December Metrics, Binary and FX Volumes Rise 29.8%, 11.1% Month-over-Month
- The Financial Futures Association of Japan (FFAJ) has released its over-the-counter (OTC) binary options figures for the month ending December 2014, which saw a 29.8% growth month-over-month in trading volume.
Monday, 19/01/2015 | 07:41 GMT by
Jeff Patterson
Monex Group Reports Negative Balance Loss of over $1.3M from Swiss Franc Volatility
- Monex Group announces that their combined brands which include Tradestation and remnants of IBFX suffered client negative balances around $1.35 million following Swiss franc volatility last Thursday.
Monday, 19/01/2015 | 00:26 GMT by
Ron Finberg
Fastmatch Volumes Surge to Record on Thursday, Only to Retreat to Year Low
- After achieving a record high in trading volumes last Thursday, activity declined quickly on Friday on Fastmatch. The volume contraction may have been due to the platform's connection to FXCM.
Sunday, 18/01/2015 | 20:30 GMT by
Ron Finberg
IBM Unveils ADEPT Draft Paper, Envisions Blockchain for Internet of Things, Ethereum for Smart Contracts
Sunday, 18/01/2015 | 18:10 GMT by
Leon Pick
Another Bombshell from Ulbricht Defense: Client Was Set up as DPR by MtGox's Karpeles
Sunday, 18/01/2015 | 16:44 GMT by
Leon Pick
The Forex Industry Battles EUR/CHF Meltdown: Real Time Updates
- Forex Magnates provides a breakdown of the EUR/CHF crash's impact on the FX industry. See how much each broker lost, who is looking to take over failing competitors and who is looking to get bought out of the market.
Sunday, 18/01/2015 | 16:41 GMT by
Avi Mizrahi
Breaking: FXCM Emerges as Potential Buyer for the Business of Alpari UK
- In a surprise, brazen move, FXCM - just out of its own trouble, has emerged as a potential savior for Alpari UK. It now seems the American firm asked for the $300 million Leucadia National bailout so it can expand.
Sunday, 18/01/2015 | 15:45 GMT by
Avi Mizrahi
Did Banks 'Bucketshop' Retail Forex Brokers? Winners and Losers from Swiss Franc Volatility
- It was the non-dealing desk forex brokers that ultimately found themselves operating risky operations, for a change, versus their market making brethren, as CHF moves wiped out clients and led to negative balances.
Sunday, 18/01/2015 | 14:10 GMT by
Ron Finberg
EgoPay Reportedly Freezes Funds of Several Bitcoin Exchanges, Support Unresponsive
Sunday, 18/01/2015 | 13:29 GMT by
Leon Pick
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