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Russian Currency Implosion Dominates Financial News, Fintech's Trading-Startups Space Heating Up
- Forex Magnates spotlights this week's top news from around the world, starting with the massive Ruble liquidity squeeze all the way to the brand new trading innovations from Silicon Valley and beyond.
Sunday, 21/12/2014 | 09:49 GMT by
Avi Mizrahi
Bitcoin Picks: New Trading Platform in Asia & Regulation Steps in Australia
- Participants in the world of Bitcoins saw a spree of positive news supporting the industry. Australian lawmakers were presented with a new report outlining measures that assess the dynamics of Bitcoin regulations.
Saturday, 20/12/2014 | 16:58 GMT by
Adil Siddiqui
Foreign Banks to Bolster RMB Interbank Business under New Simplified Code
- With competition from Hong Kong, Singapore and London, China steps up its game to enhance trading activity in the Yuan. Government officials approved new reforms to simplify overseas banking firms setting up in China.
Saturday, 20/12/2014 | 12:41 GMT by
Adil Siddiqui
Front to Back Employment Opportunities Rise at London Margin Derivatives Providers
- Financial services providers of margin forex products have taken advantage of the new year, new role, fever in the UK with several providers advertising jobs across the board, away from the normal sales roles.
Saturday, 20/12/2014 | 10:11 GMT by
Adil Siddiqui
4X Solutions' Proprietor Whileon Chay Indicted for Defrauding Investors for $5 Million
- Investors in the United States were duped for $5 million by Ponzi-scheme scammer Whileon Chay according to a judicial filing by a federal grand jury in Manhattan. The principal of 4X Solutions faces accusations of fraud and misappropriation.
Friday, 19/12/2014 | 21:05 GMT by
Adil Siddiqui
Global Markets Trigger Trading Spree at Johannesburg Stock Exchange with Record Daily Volumes
- Traders welcomed the thin-December trading month with an uptake in activity at South Africa’s trading exchange. The JSE reported record trading volumes of $4.6 billion on the 18th of December in its equities segment.
Friday, 19/12/2014 | 19:10 GMT by
Adil Siddiqui
Unregulated Forex Brokers, FXN Trade & Net CFD Exposed by UK's FCA
- A duo of unregulated forex and CFD brokers offering their services within the UK without proper authorization while claiming UK registration has been exposed by the British financial markets regulator.
Friday, 19/12/2014 | 17:42 GMT by
Victor Golovtchenko
Holidays and Lack of Liquidity Cause Dukascopy to Stop Offering USD/RUB
- Starting on Monday, the brokerage will stop offering trading on the Russian ruble at least until January 12th due to an "unstable price feed" and the high roll-over interest rates on overnight positions.
Friday, 19/12/2014 | 15:48 GMT by
Victor Golovtchenko
European Regulator Invites Consultations on MiFID II Implementation
- The European Securities and Markets Authority has announced that it is launching a consultation period on the implementation of Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
Friday, 19/12/2014 | 14:43 GMT by
Victor Golovtchenko
State Street Promotes Michael Rogers to Chief Operating Officer
- State Street Corp has promoted Michael F. Rogers as its newest Chief Operating Officer after a period of seven years with the Boston-based bank – two others have also been promoted to management committee.
Friday, 19/12/2014 | 14:33 GMT by
Jeff Patterson
CLS Settlement Average Daily Volumes down 2% in November
- Ongoing volatility has underpinned the foreign exchange market volumes trend with CLS reporting a minor decline in November as year-on-year growth figures remain on track with $5.17 trillion transacted daily.
Friday, 19/12/2014 | 13:29 GMT by
Victor Golovtchenko
Alpari Russia Announces Resumption of USD/RUB Trading
- The Russian ruble is back on the trading board as Alpari Russia and Alpari UK reopen trading after the market volatility has subsided somewhat following aggressive central bank and finance ministry actions.
Friday, 19/12/2014 | 11:16 GMT by
Victor Golovtchenko
Breaking: ayondo Launches Social Trading Campaign with Major German TV Networks
- The company has signed a media partnership deal with SevenVentures, which is behind major German TV channels ProSieben and SAT.1 in order to widely popularize social trading investments in the country.
Friday, 19/12/2014 | 10:42 GMT by
Victor Golovtchenko
Will Russians Turn to Bitcoin as Ruble Crumbles? Volumes Increase but Ban Looms
Friday, 19/12/2014 | 10:00 GMT by
Leon Pick
Lawsky Eases up on BitLicense Rules, Hopes to Have Several Firms Licensed in New York by Early Next Year
Thursday, 18/12/2014 | 22:44 GMT by
Leon Pick
FINRA Levies Joint $1.5Million Fine against Wells Fargo Affiliates
- The Financial Industry Regulatory Authority (FINRA) has issued a collective fine for two broker-dealers under common control, Wells Fargo Advisors (WFA) and Wells Fargo Advisors Financial Network (WFAFN) for $1.5 million.
Thursday, 18/12/2014 | 22:02 GMT by
Jeff Patterson
Ruble Desks Closed, Is Russia Headed for a Repeat of 1998?
- As withering liquidity and surging volatility have made the talk of a repeating Ruble Crisis louder, analysts discuss similarities and differentiators in Russia's current financial and geopolitical standing.
Thursday, 18/12/2014 | 22:01 GMT by
Ron Finberg
Vietnam's VBTC Partners with Coinarch to Launch New Platform, Offering 8x Leverage and Short Trading
Thursday, 18/12/2014 | 16:13 GMT by
Leon Pick
AlphaMetrix Settles with CFTC for $5.6 Million, Unlikely to Ever Be Paid
- Alphametrix LLC has settled with the U.S. Commodity Futures Trading Commission after the regulator filed a lawsuit against the firm for using client funds to support its ailing finances last year.
Thursday, 18/12/2014 | 15:46 GMT by
Victor Golovtchenko
LTC/BTC Falls below 0.09 as Litecoin Recouples with Bitcoin, Market Cap Falls below $100 Million
Thursday, 18/12/2014 | 15:30 GMT by
Leon Pick
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