Latest
FCM October Data Shows Uptake in Retail FX Funds
- FX brokers regulated under the Commodity Futures Trading Commission have reported their monthly financial data for October. Overall funds were up $10.4 million with 50% of brokers witnessing an increase in Retail Forex funds.
Friday, 13/12/2013 | 23:59 GMT by
Adil Siddiqui
Newedge Selects Co-Heads for Commodities & Currencies
- Newedge has appointed Francois Combes and Franck Borgel as Co- Heads of the firms Currency and Commodity business. The two will take over from John Fay, former Global Head of Currency and Commodity of the multi asset firm.
Friday, 13/12/2013 | 18:46 GMT by
Adil Siddiqui
The Dangers of Unregulated Peer-to-Peer Platforms, Warns EBA
- The European Banking Authority has issued a warning against virtual currencies as the off exchange instrument gains traction among private consumers. The warning highlights the lack of regulation and security in certain platforms.
Friday, 13/12/2013 | 18:10 GMT by
Adil Siddiqui
KCG Hotspot November Average Daily FX Volumes $29.6 Bln, Down $200M Over October
- A leading provider in U.S financial markets that had recently reported record market-share on equities, saw its FX volumes in November dip slightly by 0.67% over Octobers totals after its record FX market-share.
Friday, 13/12/2013 | 13:34 GMT by
Steven Hatzakis
Invast Securities Reveals M&A CyberAgent Deal, Generates ￥2,244 Million Profit
- Japanese FX firm Invast Securities has today announced corporate partition with CyberAgent FX, and has sold investment securities resulting in an what it considers to be an extraordinary profit of ￥2,244 million.
Friday, 13/12/2013 | 08:44 GMT by
Andrew Saks McLeod
Executive Interview: David Kedmey President & Co-Founder of EidoSearch
- Kedmey tells Forex Magnates how while studying for an MBA at the University of Chicago, he met a scientist working with NASA and The Human Genome Project and together they founded a firm to analyse finance.
Friday, 13/12/2013 | 07:00 GMT by
Avi Mizrahi
CFTC Issues Financial Penalty & Places A Permanent Ban Against Fraudulent FX Trader
- The US financial watchdog has issued a civil monetary penalty of $470,000 against Florida resident David Lynch. The accused falsely claimed profits in FX trading and now faces a permanent ban from trading in regulated markets .
Thursday, 12/12/2013 | 22:59 GMT by
Adil Siddiqui
Commodity Pool Operator Dips Into Customer's Funds Via Loan, CFTC Alleges in Filed Complaint
- CFTC Alleges Alexander Glytenko of Direct Investment Products (DIP) solicited 761 investors for $3.9M and then misappropriated customers funds via a $464,000 personal loan against the CPO pool that hasn't been repaid.
Thursday, 12/12/2013 | 20:56 GMT by
Steven Hatzakis
ESMA Announces Members Of Its Securities Markets Stakeholders Group as Terms To Expire
- Aiming towards the development of a single rule book in Europe, the European Securities Markets Authority appoints 30 new members to its SMSG group, as the term for current members is set to expire at the end of 2013.
Thursday, 12/12/2013 | 18:24 GMT by
Steven Hatzakis
Virtual Hosting For CVA: GFI Partners With Vector Risk For OTC Datasets
- GFI Group's Market Data division has today announced a strategic partnership with Vector Risk in order to supply a cloud solution for CVA with market data on several of the key OTC asset classes.
Thursday, 12/12/2013 | 16:19 GMT by
Andrew Saks McLeod
Coinbase a Billion Dollar Business? Andreessen Horowitz Thinks So
Thursday, 12/12/2013 | 15:40 GMT by
Ron Finberg
cTrader Open To Ideas As Spotware Launches New Site Inviting New Feature Suggestions
- Spotware systems has today announced the launch of a new site which is dedicated to allowing users to suggest and vote on potential new features to be considered for integration into the cTrader platform.
Thursday, 12/12/2013 | 14:20 GMT by
Andrew Saks McLeod
New FX Venture Fund In the House: FXC - QCP VC Launched by Forex Club and Quadro Capital
- In a joint release, Forex Club and Quadro Capital Partners (QCP) have announced the launch of a new $50 million venture fund called FXC-QCP VC that plans to invest in financial firms across Russia, Europe, and Israel.
Thursday, 12/12/2013 | 13:14 GMT by
Ron Finberg
Thomson Reuters Contemplates Randomized Execution, What the HFT Panel Thinks?
- Thomson Reuters may become the next operator of randomized execution on their forex trading platforms. Seen as a way to curb HFT order flow, randomized execution limits the advantages of low latency traders in the market.
Thursday, 12/12/2013 | 13:05 GMT by
Ron Finberg
Bitcoin Investing Just Got Easier: SecondMarket Partners with Fidelity Investments
Thursday, 12/12/2013 | 12:53 GMT by
Ron Finberg
ParFX Joins FXecosystem’s Low Latency FX Community Meet-Me-Room™
- ParFX has joined a FX specific low latency community in a bid to enhance performance and reduce latency. It joins FXecosystem’s Meet-Me-Room, a FX specific location where liquidity providers, banks and technology firms are interconnected.
Thursday, 12/12/2013 | 12:18 GMT by
Adil Siddiqui
British CFD Firm ETX Capital Says Goodbye To Rob Woolfe, Head of FX
Thursday, 12/12/2013 | 09:55 GMT by
Andrew Saks McLeod
Exclusive: City Index Continues Senior Level Reshuffle As Martin Belsham Moves On
- City Index continues to restructure its senior management team, further highlighted by yesterday's decision to oust Martin Belsham as CEO, with Mark Preston billed to assume interim leadership position.
Thursday, 12/12/2013 | 09:51 GMT by
Andrew Saks McLeod
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