Latest
Nomura Shakes up Equities Division, Promoting Daisuke Mototani as Its Head
- Nomura Holdings Inc has restructured its equities team, naming Daisuke Mototani as its newest Equities Head for Asia, succeeding Yasuhiro Fujiwara, who is poised to leave the firm.
Wednesday, 21/01/2015 | 00:02 GMT by
Jeff Patterson
Convergex Strengthens Executive Team with New Veteran Leadership
- Global brokerage and trading related services provider Convergex has recruited Philip Gough and John Holl as their newest executive leaders at Convergex Limited, its London-based brokerage.
Wednesday, 21/01/2015 | 00:01 GMT by
Jeff Patterson
US Broker Interactive Brokers Reports Strong 2014 Earnings, 49% Pre-Tax Profit
- Upbeat market volatility supports positive earnings data at broker-dealer Interactive Brokers. The US listed broker saw income rise before taxes on a year-over-year basis, with client equity also increasing to $57.6 billion in 2014.
Tuesday, 20/01/2015 | 22:12 GMT by
Adil Siddiqui
Inside the Swiss Franc Crisis: How Did OANDA Handle It All?
- In a series of articles, Forex Magnates' reporters will be discussing with various brokers how the events of Black Thursday unfolded and how the brokers’ risk management systems handled the order flow.
Tuesday, 20/01/2015 | 22:02 GMT by
Victor Golovtchenko
Singaporean Watchdog Grants Regulatory Approval "In Principle" to Eurex for New Clearing House
- Eurex reports that it has receives "in principle" regulatory clearance from Singaporean financial watchdog the Monetary Authority of Singapore to launch a clearing house. The new clearing house, Eurex Clearing Asia, plans to start in 2016.
Tuesday, 20/01/2015 | 20:42 GMT by
Adil Siddiqui
Citi Analyst: FXCM Financing Terms Reveal a Lifeline for April Sale as Stock Plummets
- At $1.62, shares of FXCM are down nearly 90% after they re-opened today following Friday’s trading halt. So far, traders are giving the thumbs down to the broker's $279 million financing terms.
Tuesday, 20/01/2015 | 20:20 GMT by
Ron Finberg
FCA Sheds Light on Alpari UK Administration with Response to Key Questions
- The FCA has issued its first official note on the Alpari UK administration, the regulator confirmed the event and outlined what the current status of affairs are, it also informed affected traders of what to expect in relation to their funds.
Tuesday, 20/01/2015 | 19:13 GMT by
Adil Siddiqui
FCA Visits Brokers Inspecting Swiss Debacle Impact on Client Assets
- UK FIRMS in the forex space have been in direct contact with the UK regulator in reference to client money rules and regulations, Forex Magnates has learned. Firms are being questioned on their CASS Resolution Pack.
Tuesday, 20/01/2015 | 18:22 GMT by
Finance Magnates
FinFX Will No Longer Offer Brokerage Services to American Citizens
- FinFX has informed clients that it will cease its offering to US residents. The move comes after US rules prohibit overseas firms that are not authorised by domestic regulators to deal with US clients. Clients were informed by email.
Tuesday, 20/01/2015 | 17:09 GMT by
Avi Mizrahi
Sign of the Times? Societe Generale Taps Eric Verleyen as New Global CIO
- Societe Generale’s Private Banking, a subsidiary of Societe Generale, has appointed Eric Verleyen as its newest global chief investment officer, having shifted focus at the company.
Tuesday, 20/01/2015 | 17:00 GMT by
Jeff Patterson
Exclusive: Alpari UK Should Have Shut down a Year Ago Says Majority Owner
- Andrey Dashin comments to Forex Magnates about Alpari UK's insolvency: "Winding up was better than a financial meltdown with unpredictable consequences." Read the full statement along with telling data.
Tuesday, 20/01/2015 | 16:57 GMT by
Avi Mizrahi
Bitcoin Friendly Law Firm Raises Core Development Support to $25k
Tuesday, 20/01/2015 | 16:54 GMT by
Leon Pick
CLS Joins TriOptima to Deliver New FX Forward Compression Service
- FX forward transactions currently account for 13% of overall trading in the global FX market, according to the Bank for International Settlements–with trading volumes rising by 43% between 2010 and 2013.
Tuesday, 20/01/2015 | 15:47 GMT by
Avi Mizrahi
HSBC Revamps M&A and Sales Business, Adds Jan Masek and Oskar Von Kretschmann
- HSBC has continued to augment its mergers and acquisition business (M&A) as well as its institutional sales team operations in Germany, appointing Jan Masek and Oskar von Kretschmann.
Tuesday, 20/01/2015 | 15:09 GMT by
Jeff Patterson
JFSA Orders Alpari Japan to Retain Assets within the Country
- The Kanto province Local Financial Bureau is preemptively taking measures to ensure that there won’t be a transfer from local accounts to the Alpari UK entity still facing bankruptcy or last minute acquisition.
Tuesday, 20/01/2015 | 15:00 GMT by
Victor Golovtchenko
Coinbase Secures Record $75 Million Investment Led by DFJ
Tuesday, 20/01/2015 | 14:17 GMT by
Leon Pick
CME Group Calls BGC Partners' $5.85 a Share Offer for GFI
- A week before the crucial vote of GFI shareholders on a prospective sale of the company, the CME Group matched the latest offer of BGC Partners last week, throwing the ball back to New York City.
Tuesday, 20/01/2015 | 14:00 GMT by
Victor Golovtchenko
Stellar Weathers Crypto Market Storm, Jumps to New All-time Highs
Tuesday, 20/01/2015 | 13:53 GMT by
Leon Pick
The Danish Krone's Peg to the Euro Is More Solid than You Think
- Several media and pundit reports are suggesting that the Danish krone peg to the euro is the next foreign exchange domino to fall - Forex Magnates disagrees along with a duo of respected Danish bank analysts.
Tuesday, 20/01/2015 | 13:08 GMT by
Victor Golovtchenko
Trustatom Raises $100K in Funding to Help Other Startups Get Funding
Tuesday, 20/01/2015 | 13:05 GMT by
Leon Pick
Darkcoin Celebrates First Birthday, Reflects on Achievements
Tuesday, 20/01/2015 | 12:20 GMT by
Leon Pick
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