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Introducing Broker BBFX Fined $25,000 by Overzealous American Watchdog for Non-US Business
- The NFA decided that BBFX failed to implement an adequate customer identification program for foreign clients introduced to brokers outside the US, monitor accounts for suspicious activity, and conduct AML training.
Monday, 29/12/2014 | 20:17 GMT by
Avi Mizrahi
Three Banks, 87 Staff and One Heck of a Year: Ripple's 2014, One to Remember
Monday, 29/12/2014 | 17:36 GMT by
Leon Pick
Clearing House Pershing Fined $3 Million by American Regulator for Endangering Client Funds
- FINRA found that from November 2010 to August 2011, Pershing failed to maintain adequate reserves to meet its reserve deposit requirements with deficiencies ranging from approximately $4 million to $220 million.
Monday, 29/12/2014 | 17:01 GMT by
Avi Mizrahi
Apple Pay Expansion to UK Reportedly Delayed until First Half of 2015 Due to Data Concerns
Monday, 29/12/2014 | 15:42 GMT by
Leon Pick
FXPRIMUS Continues to Expand Global Reach with New Cyprus License for European Arm
- Before this the broker was already licensed by the authorities of Mauritius and New Zealand, as common with firms focusing on the Asian market, but now it can also service European clients via MiFID passporting.
Monday, 29/12/2014 | 15:42 GMT by
Avi Mizrahi
Ukraine Launches Non-Deliverable Futures as IMF Prepares Next Visit
- The Interbank Foreign Currency Exchange has launched non-deliverable futures trading on the Ukrainian Hryvnia to the US dollar, the euro and the Russian ruble allowing implementation of hedging strategies.
Monday, 29/12/2014 | 14:56 GMT by
Victor Golovtchenko
BitPesa Remittance Service Now Lets You Buy Bitcoins with Kenyan Shillings
Monday, 29/12/2014 | 14:32 GMT by
Leon Pick
Bitnplay to Launch Decentralized Online Poker, Using Counterparty for Crowdfunding
Monday, 29/12/2014 | 13:47 GMT by
Leon Pick
Dogecoin Stabilizes around 58 Satoshi after Sliding to 3-Month Low
Monday, 29/12/2014 | 11:52 GMT by
Leon Pick
Greece Heads to Snap Elections, Euro Zone Risks Rising
Monday, 29/12/2014 | 11:50 GMT by
Victor Golovtchenko
DGCX Launches Russian Ruble, Korean Won and South African Rand Futures
- As emerging market currencies continue tanking lower in anticipation of the first Federal reserve rate hikes, the Dubai Gold and Commodities Exchange launches new futures contracts catering to exotics FX traders.
Monday, 29/12/2014 | 10:48 GMT by
Victor Golovtchenko
Russian Dark Net Drug Lord Looking to Upgrade to Silk Road-like Marketplace
Monday, 29/12/2014 | 10:09 GMT by
Leon Pick
Reviewing Our 2014 Forex Industry Predictions
- The time has come to check how well we predicted the landscape of the forex industry in this year, from a bullish USD and the growing stake of high frequency trading to IPO clutter which still has not materialized.
Monday, 29/12/2014 | 08:01 GMT by
Ron Finberg
Ecuador Launches Initial Phase of Electronic Money System, to Be Administered through SMS
Sunday, 28/12/2014 | 17:25 GMT by
Leon Pick
Forex Trading over the Holidays? Not the Best Idea
- As liquidity dries up and spreads are soaring, even the basic indicators fail to deliver. Ashton Fraser explains why the best thing a trader can do now is to ditch the trading screen and watch some football.
Sunday, 28/12/2014 | 16:22 GMT by
Guest Contributors
A £130 Million FX Fraud Hits Celebrity UK Investors, Brokers Are Getting Ready for 2015
- Forex Magnates spotlights the passing week's top news from around the world, from Leverate founders' 25% buyback of shares from Saxo Bank to another major broker's final exit from the North American market.
Sunday, 28/12/2014 | 14:27 GMT by
Avi Mizrahi
Russian Economic Development Ministry Reportedly Opposes Bitcoin Ban
Sunday, 28/12/2014 | 13:28 GMT by
Leon Pick
Bitcoin Trading–BTC/USD Technical Analysis, Dec 28: BTC Falls to One-Week Low
Sunday, 28/12/2014 | 12:12 GMT by
Leon Pick
Japanese Prime Minister Determined to Make Abenomics Work, Approves ¥3.5 Trillion More Stimulus
- The latest round of spending by the Japanese will focus on helping local governments and giving direct purchasing subsidies to households, unlike previous attempts that were criticised as "trickle down economics."
Sunday, 28/12/2014 | 11:11 GMT by
Avi Mizrahi
Citi Exits Retail Banking in Japan but Stays Strong in Commercial Activity
- In selling its Japanese retail banking unit to Sumitomo Mitsui Banking Corporation, Citi followed through on their earlier plans to offload the business and focus their Japanese efforts on commercial banking.
Sunday, 28/12/2014 | 10:30 GMT by
Ron Finberg
NC State Triumphs in First Ever Bitcoin Bowl, Attendance Second Highest in Bowl History
Sunday, 28/12/2014 | 09:49 GMT by
Leon Pick
Bitcoin Picks: Startup Funding and One Poetic Plea
- This week's stories in the cryptocurrency space include a bitcoin exchange announcing free trading, the biggest ever Euro coins' counterfeit, Litecoin's founder twit and a surprising legal line of defense.
Saturday, 27/12/2014 | 02:16 GMT by
Finance Magnates Staff
GoCoin Ranked as One of Crowdfunder's Top Ten Campaigns in 2014
Friday, 26/12/2014 | 15:30 GMT by
Leon Pick
Police Uncover €500K of Counterfeit Euro Coins, Largest Stash in European History
Friday, 26/12/2014 | 15:00 GMT by
Leon Pick
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