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Industry Impact: Swiss Black Swan Storms through Currency Markets
- After the Swiss National Bank threw a bomb at the forex markets once in September 2011, today it has done it again, causing a Black Swan event of epic proportions, which could prompt a number of industry-wide changes.
Thursday, 15/01/2015 | 16:23 GMT by
Victor Golovtchenko
HotForex Launches ZuluTrade for Binary Options at Its OptionTrade Brand
- Only last month, December 2014, ZuluTrade went live with its binary options collaboration with SpotOption and we are now starting to see first the SpotOption brokers, OptionTrade, adopting the service.
Thursday, 15/01/2015 | 15:26 GMT by
Avi Mizrahi
CME "Sees and Calls" BGC Partners, Matches Offer of $5.60 per Share for GFI
- This new offer price represents more than an 80% premium above the closing price of $3.11 per share for GFI Group common stock as of July 29, 2014, the last day of trading prior to the announcement of the CME transaction.
Thursday, 15/01/2015 | 14:36 GMT by
Avi Mizrahi
Breaking: IG Group Facing Losses up to £30 Million, Tip of Industry CHF Volatility Losses?
- The first brokerage to publicly announce unforeseen losses from the extreme volatility event after this morning's Swiss franc debacle induced by the SNB, was London Stock Exchange listed IG Group.
Thursday, 15/01/2015 | 14:33 GMT by
Victor Golovtchenko
Flash Crashes, Important Reminders and Daily Market Update
- We are happy to launch a daily series with our latest guest contributor on board, FX Analytics' John Putman II. John will share his analysis providing both live updates and his own insights about the market.
Thursday, 15/01/2015 | 14:29 GMT by
FMAdmin Someone
EUR/CHF Crash Leads Brokers to Halt Trading in CHF Pairs
- At FXCM, the prices of CHF crosses have not been updated from about 4:30am Eastern US Time. Support representatives are advising clients who were negatively impacted to log audits using the subject line, “Price freeze.”
Thursday, 15/01/2015 | 14:03 GMT by
Avi Mizrahi
Fortress Prime Appoints Saad Sidat as International Sales Manager – MENA
- Fortress Prime has fortified its sales division by appointing specialist Saad Sidat as its newest International sales manager for the Middle East and North Africa (MENA) region.
Thursday, 15/01/2015 | 13:20 GMT by
Jeff Patterson
Ulbricht Trial Day 2: Undercover Agent Says He Was a Buyer, Seller and Moderator on Silk Road
Thursday, 15/01/2015 | 13:13 GMT by
Leon Pick
Trader's Perspective: Never Trust a Central Bank
- Given the latest decision by the Swiss National Bank to eliminate the exchange rate limit of 1.20 Swiss francs to the euro, our Guest Blogger and full time trader Vlad Gubernat shares his point of view with us.
Thursday, 15/01/2015 | 13:00 GMT by
FMAdmin Someone
Tullett Prebon Expands Information Business in Asia with Three New Hires
- Frank Desmond, managing director said: “Asia Pacific and the Middle East, in particular, present major business opportunities and it’s important that we deploy the right resources to realise our development plans.”
Thursday, 15/01/2015 | 12:42 GMT by
Avi Mizrahi
Pantera on Price Drop: Short Selling to Blame, but Venture Investment Taking Spotlight from Currency
Thursday, 15/01/2015 | 11:54 GMT by
Leon Pick
Manchester City Signs a Multi-Year Global Partnership Deal with FXPrimus worth $2 Million a Year
- The English Premier League champion football club has become the latest high profile sports team to announce an official partnership with a broker. The deal gives FXPrimus extensive marketing and promotional rights.
Thursday, 15/01/2015 | 11:19 GMT by
Avi Mizrahi
Was the Selloff in FXCM Shares Overdone following Their Q4 Guidance?
- Shares of FXCM were down nearly 11% yesterday after the broker announced that retail revenues per million dollars traded was lowered to around $70 from the $75-$80 range the broker had forecast to investors.
Thursday, 15/01/2015 | 10:38 GMT by
Ron Finberg
Litecoin (LTC/USD) Bounces Back after Nearly Falling below $1.00
Thursday, 15/01/2015 | 10:14 GMT by
Leon Pick
Breaking: EUR/CHF Nosedives as SNB Abandons Floor, Freezing Trading Platforms
- Trading platforms at a number of brokerages go haywire, with prices on the EUR/CHF ranging between 1.02 and 1.17, for the time being there is no definitive information on where the Swiss franc is trading to the euro.
Thursday, 15/01/2015 | 09:53 GMT by
Victor Golovtchenko
London Capital Group's Revenues Accelerated during the Fourth Quarter of 2014
- Revenues accelerated during Q4, with £13.9 million at the end of the third quarter ending 30 September 2014 and the balance of £8.6 million in the fourth quarter ending 31 December 2014.
Thursday, 15/01/2015 | 08:07 GMT by
Avi Mizrahi
FX Sales Veteran Francois Boisson to Succeed Steve Turner at UniCredit
- UniCredit has recruited the ex-BNP Paribas Head of Institutional FX Francois Boisson, naming him as its newest Global Head of Institutional FX Sales, whose appointment is effective immediately.
Thursday, 15/01/2015 | 00:06 GMT by
Jeff Patterson
Nasdaq Installs Salil Donde as Its Executive VP, Head of Global Information Services
- Nasdaq has tapped Salil Donde as its newest executive vice president and head of global information services. His appointment is slated to take effect on February 5, 2015.
Thursday, 15/01/2015 | 00:05 GMT by
Jeff Patterson
Investec Recruits Guy Gillett to Its M&A Division
- Investec has named Guy Gillett as the newest component of its mergers and acquisitions (M&A) business, where he will focus on both the leisure and retail sectors, specializing in private companies and private equity clients.
Thursday, 15/01/2015 | 00:02 GMT by
Jeff Patterson
The Impact of PayPal on Bitcoin
- Paypal's impact on Bitcoin is great for buzz, but unfortunately it doesn’t add value.
Thursday, 15/01/2015 | 00:01 GMT by
Antony Lewis
FXCM Upgrades Trading Station to Include New Indicators and Charting
- FX traders are expected to take heed of new indicators and trading tools under FXCM’s planned upgrade to its trading terminal. Trading Station will undergo a scheduled upgrade on the 16th of January with several new features.
Wednesday, 14/01/2015 | 21:43 GMT by
Adil Siddiqui
Market Volatility Pushes US Retail Forex Up 4.3% in November
- The american's regulator's metrics reflects an uptake in the total value of client funds in the retail sector, most notably at FXCM, Interactive brokers and KCG. Total funds topped $630 million.
Wednesday, 14/01/2015 | 18:53 GMT by
Adil Siddiqui
Blockchain Web Service BlockCypher Raises $3 Million in Seed Funding
Wednesday, 14/01/2015 | 18:12 GMT by
Leon Pick
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