Latest
One Size Fits All? Update on TESI Effort To Ensure Clients Trading Provision Is Standardized
- As trading enablement processes across buy-side and sell-side firms varies considerably, update on the progress with TESI via an interview with key FIX community executives, provides insight into proposed industry benefits.
Friday, 06/12/2013 | 23:20 GMT by
Steven Hatzakis
November Morevember for PMEX as Monthly Volumes Top 200 Billion PKR
- Trading volumes continue to grow at Pakistan’s main commodity futures exchange. The exchange reported November metrics; total volumes were PKR 207 billion with the crude oil taking the lions share.
Friday, 06/12/2013 | 16:44 GMT by
Adil Siddiqui
Executive Interview: Jonas Nielsen, Director of NetDania Examines Platform Pricing
- Platform technology and pricing models have been hot topics this year, among developers and brokers alike. In this week's Executive Interview, NetDania's Jonas Nielsen details NetStation's position in the market.
Friday, 06/12/2013 | 07:16 GMT by
Andrew Saks McLeod
'12 Days of Christmas' Come Early for ParFX – Signs up SocGen as 12th Founder Bank
- ParFX a leading FX trading platform for the institutional FX market has reported that Société Générale has become the latest founding bank to join the portal. The news comes as participants explore transparent solutions in the world’s most liquid asset class.
Thursday, 05/12/2013 | 17:30 GMT by
Adil Siddiqui
Industry Associations File Lawsuit Against the CFTC Challenging the Agency on Multiple Fronts
- The Commodity Futures Trading Commission has been challenged in a Washington D.C Court by a lawsuit filed by SIFMA, ISDA and IIB, as derivatives regulations come under question by industry.
Thursday, 05/12/2013 | 17:28 GMT by
Steven Hatzakis
Bona Fide or Bogus? New Zealand FX Broker Registration Minefield Explained
- New Zealand has become a very popular destination for FX brokers to establish operations with close proximity to important markets. Care is required, however, when selecting a consultancy to assist with establishment.
Thursday, 05/12/2013 | 15:31 GMT by
Andrew Saks McLeod
Teutonic Exodus From Trading Desks: Deutsche Bank Set To Reduce Commodities Division
- German financial institution Deutsche Bank has today announced that it is taking action to reduce its commodities business in order to concentrate on core products, resulting in the closure of trading desks.
Thursday, 05/12/2013 | 15:21 GMT by
Andrew Saks McLeod
GTS to Enter FX with New Senior Hire - Former Hotspot FX Co-Founder Steven Reich
- US based market maker, Global Trading Systems (GTS), has announced the appointment of Steven Reich as its new Head of FX and Commodities Liquidity Solutions. The new role has been specifically created as the multi asset firm plans to enter the FX arena.
Thursday, 05/12/2013 | 12:15 GMT by
Adil Siddiqui
DMM Securities Experiences Minor Downturn In Volumes During November
- The protraction of volumes plaguing Japan's FX industry continues as DMM's November's volumes demonstrate a downturn from last month, representing a contrast from the firm's record volumes in June.
Thursday, 05/12/2013 | 11:37 GMT by
Andrew Saks McLeod
China’s Central Bank Bans Bitcoin For Financial Transactions, Price Drops
- The People’s Bank of China barred financial institutions in the country from taking any part in Bitcoin transactions, causing the BTC exchange rate to immediately plunge against the RMB Yuan and USD.
Thursday, 05/12/2013 | 10:29 GMT by
Avi Mizrahi
FX Futures Off to Flying Start at SGX - Overall Volumes in the Green
- Singapore’s launch of emerging market currency futures was welcomed by members as trading commenced in November. Volumes for the month fared well from a year earlier with record open interest in derivatives.
Thursday, 05/12/2013 | 09:08 GMT by
Adil Siddiqui
Alipay adds fees for desktop users, mobile not affected
Thursday, 05/12/2013 | 00:00 GMT by
FMAdmin Someone
Apple’s new patents hint towards future payment platform
Thursday, 05/12/2013 | 00:00 GMT by
FMAdmin Someone
Prominent Singapore Investor Takes Goldman Sachs to Court Over Losses
- Singapore's billionaire Oei blames Goldman Sachs for various fraudulent conducts, wrongfully leading him to place two currency options trades worth $100M, which resulted in the loss of tens of millions.
Wednesday, 04/12/2013 | 21:47 GMT by
Steven Hatzakis
EBS Sees Slight Improvement in FX Volumes During November – Future Lies in Aggregation
- Total electronic trading ADV for ICAP in November barely changed MoM or YoY, but Spot Foreign Exchange ADV increased by 3% compared to October to $79.5 Billion. ICAP FX ADV was $103.8 Billion November 2012.
Wednesday, 04/12/2013 | 17:19 GMT by
Avi Mizrahi
KCG Announces $100 Million Credit Facility Repayment
- Also according to today's announcement, a credit facility of $535 Million was needed to finance the merger of GETCO and Knight Capital into KCG Holdings back in July, $300 Million of which is already repaid
Wednesday, 04/12/2013 | 16:15 GMT by
Avi Mizrahi
¿Que Pasa En Sudamerica? - Hot Topics At The Technology Panel At FXIC Santiago
- The technology panel at yesterday's FXIC in Santiago hosted a detailed debate surrounding platforms, innovations, latest trends, technological development and mobile platforms as LATAM rapidly develops.
Wednesday, 04/12/2013 | 14:20 GMT by
Andrew Saks McLeod
8 Dealers in Derivatives Rigging Scandal Fined a Total of €1.71 Billion by European Commission
- UBS, Citigroup, Barclays, Deutsche Bank, RBS, Société Générale, JPMorgan and RP Martin named in settlement with European Commission in rigging case about Yen and Euro Interest Rate Derivatives, enforced under anti-cartel rules.
Wednesday, 04/12/2013 | 13:56 GMT by
Steven Hatzakis
Leverate: Copy Trading Volume Increased Fourfold by Sirix Community
- The introduction of the multi broker copy trading system last month resulted in considerable increases in social trading volumes, says the FX software firm that provides brokers with a turn-key platform.
Wednesday, 04/12/2013 | 13:41 GMT by
Avi Mizrahi
Asian Rivals Unite To Bolster Offshore Chinese Yuan Trading
- Surprising turn of events in Asia as two fierce competitors call it truce. The Singapore Exchange and Hong Kong Exchange have joined forces by signing a MOU to promote overseas trading in the Chinese Yuan.
Wednesday, 04/12/2013 | 13:34 GMT by
Adil Siddiqui
InvestTech FX Senior Executives Charged By Canadian Police Over Alleged Fraud
- The Toronto division of the Royal Canadian Mounted Police has today charged two directors of InvestTech FX Technology with fraud, as a result of a high value scheme which misappropriated client funds.
Wednesday, 04/12/2013 | 13:17 GMT by
Andrew Saks McLeod
Physicist Hedge Fund Guru Dr. Richard Bateson Leaves Man Group, to Head New Venture as CEO
- A senior hedge fund manager departs his post at one of the largest providers, in order to run a new venture as CEO of a quantitatively driven boutique asset manager London Quantitative Investments regulated by the UK FCA
Wednesday, 04/12/2013 | 13:14 GMT by
Steven Hatzakis
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