Latest
How Low Can It Go?! Already below $60 a Barrel, the Price of Oil Just Keeps Going Down
- As Saudi Arabia continues to play tough by refusing to cut oil production, Russia and Iran find that they are too weak to resist selling at ever lower prices and crude just fell to its lowest point in five years.
Wednesday, 17/12/2014 | 14:23 GMT by
Avi Mizrahi
Ruble Slump Impacts Trading Volumes Report at Alpari Russia
Wednesday, 17/12/2014 | 14:14 GMT by
Victor Golovtchenko
Ruble Liquidity Dead as Interbank Market Dries, LMAX next to Suspend Trading
- Trading in the ruble has 'quieted' down a bit today, but liquidity remains a problem as trading of the currency on several major platforms remains suspended or limited today.
Wednesday, 17/12/2014 | 13:54 GMT by
Ron Finberg
OKCoin Takes over bitcoin.com from blockchain.info, Relaunches as Informational Site
Wednesday, 17/12/2014 | 13:40 GMT by
Leon Pick
Russian Finance Ministry Commits $7 Billion to Prop up Ruble, FX Market Yawns
- A month after the official abandonment of the trading corridor which was acting as a backstop against excessive moves on the forex market, the Russian central bank is facing an endless volatility conundrum.
Wednesday, 17/12/2014 | 12:41 GMT by
Victor Golovtchenko
P2P Lending Fire Ignited following LendingClub IPO as OnDeck and Lendable Raising Funds
- Non-bank lending platform operator, OnDeck, is set to go public today with a greater than $1 billion valuation after shares were priced last night. The deal follows LendingClub's successful IPO last week.
Wednesday, 17/12/2014 | 11:56 GMT by
Ron Finberg
Dubai Commodities Venue Cements Chinese Bond by Adding a Top Ten Futures Firm from China
- The new DGCX broker member, Nanhua Futures, with a registered capital of ¥510 million, is recognized as one of the top ten futures companies in China. It is actively involved in both commodity and brokerage services.
Wednesday, 17/12/2014 | 09:41 GMT by
Avi Mizrahi
Actually, Bitcoin Rallied Yesterday... against the Ruble, Hits Four-Month High
Wednesday, 17/12/2014 | 09:30 GMT by
Leon Pick
Time Inc. Partners with Coinbase to Accept Bitcoin, Micropayments to Be Explored
Wednesday, 17/12/2014 | 08:28 GMT by
Leon Pick
Total Deposits Reach an All-Time High at FXPRIMUS in November, but Volumes Drop 19% Month-over-Month
- Total client deposits reached an all time high of $11,475,327 and newly funded accounts came in at 1,315 which represented year over year growth of 101% & 111% respectively for the Mauritius-based broker.
Wednesday, 17/12/2014 | 06:36 GMT by
Avi Mizrahi
Bullion Capital’s Head of Marketing Ben Levy Parts Ways with Company
- Bullion Capital’s Head of Marketing Benjamin Levy has reportedly parted ways with the company, according to sources learned from Forex Magnates, ending his five-month stint with the company in which he was based out of Cyprus.
Wednesday, 17/12/2014 | 02:11 GMT by
Jeff Patterson
BNP Paribas Recruits Two Executives for Institutional Division
- BNP Paribas Securities Services, a subsidiary of BNP Paribas SA has made a series of executive level appointments to its client development team, including Corinne Vitte and Dario Rigert.
Wednesday, 17/12/2014 | 02:06 GMT by
Jeff Patterson
Acting DSIO Director Gary Barnett Swaps CFTC for SEC
- The U.S. Commodity Futures Trading Commission (CFTC) has announced that Gary Barnett, acting Director of the Division of Swap Dealer and Intermediary Oversight (DSIO) is parting ways with the regulator for the U.S. SEC.
Wednesday, 17/12/2014 | 02:03 GMT by
Jeff Patterson
Volumes Rise at DGCX - FX & Gold Post Strong Gains in November
- UAE's premier financial trading venue, the DGCX has reported strong metrics for the month of November. Volatility in the rupee and metals market drove November figures to increase 19% from 2013 volumes.
Tuesday, 16/12/2014 | 20:54 GMT by
Adil Siddiqui
Guaranteed-Returns Fraudster Fined $2.5 Million and Banned by CFTC
- A US fund manager has been charged by the country's financial watchdog for misleading investors. A federal court has ordered Daniel Steele and his firm Champion Management International to pay over $2.5 Million in fines.
Tuesday, 16/12/2014 | 18:28 GMT by
Adil Siddiqui
BTIG Launches New Electronic FX Platform For "Low-Touch" Execution: TradeSave FX
- While TradeSave delivers the electronic execution capabilities, BTIG’s "full service FX trading desk" adds agency execution, 24 hours a day, for FX options, emerging market currencies, spot, forwards and swaps.
Tuesday, 16/12/2014 | 17:50 GMT by
Avi Mizrahi
Ruble Carnage Continues as Brokers Halt Trading, Cut Margin
- Despite customers reporting problems at several brokers, traders on the whole are benefitting from the spike in prices. Some brokers have indicated to Forex Magnates that their clients are overwhelmingly long.
Tuesday, 16/12/2014 | 17:29 GMT by
Ron Finberg
Ripple's XRP Continues to Roll Even amid Crypto Market Downturn, Market Cap Tops $600 Million
Tuesday, 16/12/2014 | 17:26 GMT by
Leon Pick
Court Allows Butterfly Labs to Resume Operations, Rejects FTC Claims Due to Insufficient Evidence
Tuesday, 16/12/2014 | 17:04 GMT by
Leon Pick
Trading Technologies Expands Its MultiBroker Platform with Addition of Rakuten Securities
- The solution, launched in 2013, has seen considerable traction in Asia over the past year, extending from Singapore’s commodity and energy trading space into the Japanese derivatives trading community.
Tuesday, 16/12/2014 | 15:19 GMT by
Avi Mizrahi
FX Veteran Diana Munoz Lands at Fidelis Capital Markets as Executive Director
- On the heels of a two-month hiatus from the market, ex-CommexFX Head of Business Development, Diana Munoz, has landed at Fidelis Capital Markets in a new role as Executive Director.
Tuesday, 16/12/2014 | 15:16 GMT by
Jeff Patterson
Interactive Brokers to Refund $1.5 Million in Fees & Commissions in Australia
- The Australian customers of the company will be reimbursed with the fees and commissions which they paid to the brokerage for retail margin loans during the period between July 2010 and August 2013.
Tuesday, 16/12/2014 | 14:31 GMT by
Victor Golovtchenko
TopTradr to Power the $10 Million "Quantic Traders Challenge"
- The forex ranking app joins the collaboration between CQG and Direct FX and the scoring for the $10 million Quantic Traders Challenge will be conducted based on its proprietary scoring algorithm, "The TT Score."
Tuesday, 16/12/2014 | 14:04 GMT by
Avi Mizrahi
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