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Jignesh Shah Sells Singapore-Based SMX to ICE for $150 million
- Singapore’s latest commodity exchange, the Singapore Mercantile Exchange, has been acquired by ICE for $150 million. The move comes on the back of the recent acquisition of NYSE for an estimated $11 billion.
Tuesday, 19/11/2013 | 15:01 GMT by
Adil Siddiqui
Reviewing FXCM's Q3 Financials and Business Trends
- Like in the past, today we are taking a closer look at FXCM’s Q3 2013 financials following the release of their SEC filed 10Q and earnings conference call. Issued earlier this month, FXCM reported a loss of $5.12 million.
Tuesday, 19/11/2013 | 14:38 GMT by
Ron Finberg
The FX Industry Is Gearing Up for The iFX EXPO Asia 2014
- With the successful conclusion of the London Summit, all the major players in the FX industry are now getting ready to ConversionPros' and Forex Magnates' iFX EXPO Asia, to be held in Macau in January.
Tuesday, 19/11/2013 | 11:32 GMT by
FMAdmin Someone
Traiana's Asian Tigers: Harmony Network Rolled Out Across APAC Region
- Just a week has gone by since pre trade risk and post trade processing firm Traiana announced the launch of its Singapore office, and the Asian expansion continues today as the Harmony network goes live across the continent.
Tuesday, 19/11/2013 | 10:40 GMT by
Andrew Saks McLeod
BVI FSC Denies 4XP’s Claims it Has Frozen Company Accounts: The Full Story
- A developing story that follows a series of warnings, after multiple people close to the company have confirmed that the company which appears to be un-regulated, is halting the processing of withdrawals.
Tuesday, 19/11/2013 | 10:24 GMT by
Steven Hatzakis
Moscow Exchange Posts Q3 Results, Net Profit Down 13.5% Despite Rise in Volumes
- FX trading volume for MOEX went up 7.3% in Q3 2013 to RUB 44.2 Trillion, a considerable increase of 37.9% from last year. EBITDA went down 12.1% compared to Q2 to RUB 3.99 Billion, but up 8.7% yearly.
Tuesday, 19/11/2013 | 09:54 GMT by
Avi Mizrahi
IG Group Issues Trading Update, QoQ Revenue Declines Expected
- IG Group has issued a trading update, alerting investors to progress of its second quarter that closes on December 1st. For the quarter, IG expects to see YoY revenue growth, but lower on a QoQ basis.
Tuesday, 19/11/2013 | 09:39 GMT by
Ron Finberg
LatAm SEF Gains Temporary Approval From SEC After Month-Long Postponement
- The Commodity Futures Trading Commission yesterday announced that LatAm SEF has been granted temporary SEF status subsequent to a one-month no-action relief period, with a view to granting eventual permanent SEF status.
Tuesday, 19/11/2013 | 09:22 GMT by
Andrew Saks McLeod
Citigroup Global Markets Joins Spanish Stock Exchange as Non-Settling Member
- With European markets taking another negative dip news of Citigroup Global Markets Limited’s membership as a non-settling member at the BME is a positive sign for trading in the EU’s fifth largest economy.
Tuesday, 19/11/2013 | 07:01 GMT by
Adil Siddiqui
New report shows half of chargebacks go unanswered by merchants
Tuesday, 19/11/2013 | 00:00 GMT by
FMAdmin Someone
CyberSource partners with Alipay to provide risk management services
Tuesday, 19/11/2013 | 00:00 GMT by
FMAdmin Someone
SecureBuy offers 3D-Secure free to all online merchants
Tuesday, 19/11/2013 | 00:00 GMT by
Adil Siddiqui
PR: Acculynk, With UnionPay Launch, Solidifies Standing as Global PIN Debit Authentication Gateway
Tuesday, 19/11/2013 | 00:00 GMT by
FMAdmin Someone
GAIN Capital Publishes GFT's Three Year Financial Accounts: Steady Revenue Downturn
- GAIN Capital has today published full financial details for GFT and its subsidiaries for three years including 2010, 2012 and 2013 in the 8-K form which the company submitted to the SEC on September 24.
Monday, 18/11/2013 | 22:50 GMT by
Andrew Saks McLeod
FXCM Stretches Final Maturity of its Credit Facility and Tops-Up Total Commitments to $205 million
- FXCM continues its M&A flag with the announcement of an increase and extension of its credit facility. The US FX & CFD broker has extended its credit facility for 3 years and topped up its commitment to $205 million.
Monday, 18/11/2013 | 22:37 GMT by
Adil Siddiqui
CFTC Orders MF Global to Pay $1 Billion in Restitution in Connection with Customer Losses
- In one of the largest recent failures of a Futures Commission Merchant that has been the subject of controversy following its demise, victims have been awarded a degree of justice as the defendant is forced by law to make good.
Monday, 18/11/2013 | 17:22 GMT by
Steven Hatzakis
Coinsetter Launches and Announces it is Raising Follow-On Round of Funding
- Following their public launch last week, new bitcoin trading firm, Coinsetter, has announced to early adopters that they were invited to invest in the company's coming venture round that they were raising.
Monday, 18/11/2013 | 16:35 GMT by
Ron Finberg
Alexey Kutsenko joins The Financial Commission's Dispute Resolution Committee
- The Financial Commission welcomes CEO of Tools For Brokers Inc., Aleksey Kutsenko, as a member of its Dispute Resolution Committee, after it recently added its 6th member, MFX Broker and continues to grow.
Monday, 18/11/2013 | 16:13 GMT by
FMAdmin Someone
BTC China Raised $5 Million in VC Funding as Bitcoin Crosses $600
- The largest Bitcoin exchange in the world, offering clients only Chinese Yuan to Bitcoin trades, BTC China, secured $5 Million in a series A funding. The Bitcoin exchange rate set a new all time high record.
Monday, 18/11/2013 | 14:42 GMT by
Avi Mizrahi
Alpari RU Passes 1M Accounts Mark in October, Volumes Increase 8% MoM to $137.4 Billion
- Serving customers in more than 150 countries, the group of companies under the global brand reports record figures for the month of October, following a series of changes to its strategy, management and product offerings.
Monday, 18/11/2013 | 14:30 GMT by
Steven Hatzakis
CLS Bank Reports Small Decline in October Volumes
- CLS Bank reported its October statistics of volumes submitted for settlement on the firm’s network. During the month, average daily volumes (ADV) from submitting banks was $5.0 trillion, 1% below September’s figures.
Monday, 18/11/2013 | 13:35 GMT by
Ron Finberg
Japan Binary Options Industry October Profitability Report: Profits Above Forex
- Among the new regulations being applied to the Japanese binary options industry is the requirement for firms to publish account performance. Ratios include overall payouts as well as the monthly account performance.
Monday, 18/11/2013 | 10:35 GMT by
Ron Finberg
KVB Kunlun Releases First Post-IPO Financials, Q3 Stalls But 2013 Strong
- Among the forex IPO class of 2013 is Hong Kong listed KVB Kunlun Financial Group (KVB). A provider of forex trading to Chinese and Asian investors, KVB announced its first quarterly earnings as a public firm.
Monday, 18/11/2013 | 08:50 GMT by
Ron Finberg
GoECart partners with Canada Post to offer canadian shipping options for US stores
Monday, 18/11/2013 | 00:00 GMT by
FMAdmin Someone
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