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LMAX Evolvement Continues as it Focuses more on Liquidity
- LMAX, continues to evolve its business model since a management buyout last December separated the firm from Betfair. From partnering with retail IBs, it now focuses on becoming a source of liquidity for the FX industry.
Monday, 12/08/2013 | 11:38 GMT by
Ron Finberg
FCA Fines Nigerian Bank, GTB, for Lapsed Money Laundering Controls
- The UK's Financial Conduct Authority has fined Nigerian bank, Guaranty Trust Bank (UK) Ltd £525,000 for failures in its anti-money laundering control. GT Bank joins a growing list of foreign banks who have failed to meet UK standards.
Monday, 12/08/2013 | 09:39 GMT by
Adil Siddiqui
Things to consider when choosing a payment processor
Monday, 12/08/2013 | 00:00 GMT by
FMAdmin Someone
Regulations for Signal and Copy Trading? Tradeslide Gains FCA Authorization
- Compliancy Services, a UK consulting firm that provides assistance to firms with their FCA regulatory needs has announced that their client, Tradeslide has gained authorization to act as an FX Investment Manager.
Sunday, 11/08/2013 | 10:15 GMT by
Ron Finberg
Ladies At The Top: SEC Elects Kara M. Stein As Commissioner
- The US Securities and Exchange Commission elected Kara M. Stein as Commissioner on Friday last week, superceding Elisse B. Walter. Serving under incumbent Chair Mary Jo White, this represents a highly senior position.
Sunday, 11/08/2013 | 09:16 GMT by
Andrew Saks McLeod
Executive Interview - Mikhail Berman, Business Development Director At Devexperts
- In this week's Forex Magnates Executive Interview, software development company Devexperts' Business Development Director Mikhail Berman discusses customization and efficiency of solutions required by brokers.
Friday, 09/08/2013 | 05:20 GMT by
Andrew Saks McLeod
One on One with FXCM’s Drew Niv: Death Stars, Rise of the US and M&A
- Forex Magnates speaks to FXCM CEO Drew Niv following the broker's Q2 earnings report which sent their stock to all-time highs. Niv discusses strength in the US, who they aren't buying, and institutional platforms.
Thursday, 08/08/2013 | 20:38 GMT by
Ron Finberg
360 Consulting Director Costas Constantinides Assumes Senior Position At Boudica Group Following Acquisition
- FX and binary options consultancy firm 360 Consulting's Founder and Director Costas Constantinides has been elected to the board of directors of Cypriot fiduciary service provider Boudica Group.
Thursday, 08/08/2013 | 15:47 GMT by
Andrew Saks McLeod
Gold Volumes Lose their Shine at TOCOM, July Activity Drops 12.8%
- Asia Pacific’s most liquid commodity exchange reported trading metrics for July. The Tokyo Commodity Exchange (TOCOM) saw volumes across all commodity contracts decline by 15.5% from a month earlier.
Thursday, 08/08/2013 | 11:58 GMT by
Adil Siddiqui
Case Closed: NFA and IKON Global Markets Settle
- The US National Futures Association has entered into a settlement with IKON Global Markets and a senior director of the firm, following a complaint filed in April for non-cooperation. Permanent ban administered.
Thursday, 08/08/2013 | 11:46 GMT by
Andrew Saks McLeod
Hong Kong Monetary Authority Releases Foreign Currency Reserves for July 2013
- Every month, Hong Kong's regulatory authority, the HKMA, releases full details of the amount of foreign exchange contracts are held within the nation. July's figures, released yesterday, demonstrate a downward turn.
Thursday, 08/08/2013 | 09:55 GMT by
Andrew Saks McLeod
CLS Group Opens Hong Kong Office To Serve Increasing Asian Settlement Demand
- Risk mitigation provider and FX settlement company CLS Group has today announced the opening of an office in Hong Kong with a view to increase the number of Asian currencies that the firm settles.
Thursday, 08/08/2013 | 08:57 GMT by
Andrew Saks McLeod
Saxo Bank July Volumes Decline as Summer Hits Europe
- Saxo Bank has released its July trading volumes. During the month, total volumes were $273 billion, a 6.5% decline from June’s figures. On an average daily volume ratio, activity dropped 18% month over month to $11.9 billion
Thursday, 08/08/2013 | 08:06 GMT by
Ron Finberg
GAIN Capital Announces Results For Q2 Of 2013 - Record Net Revenue of $73 Million
- In line with the general dynamic within the retail FX industry segment this year, GAIN Capital's metrics for the second quarter of 2013, announced today, demonstrate a significant increase over last year.
Wednesday, 07/08/2013 | 21:01 GMT by
Andrew Saks McLeod
Malawi’s New Commodity Exchange Goes Live with Full E-Trading Capabilities
- Malawi, an emerging markets nation in Africa has gone live with InterContinental Systems’ exchange technology for its latest commodity bourse, AHL Commodities Exchange Ltd, the exchange aims to be the largest in Malawi.
Wednesday, 07/08/2013 | 19:07 GMT by
Adil Siddiqui
Oil Trading Sets New Record at Dubai Mercantile Exchange in July
- Dubai’s commodity exchange saw record trading for the month of July in its benchmark Oman oil futures contract. Trading volumes usually decline during the summer and Ramadan however volatility in the energy markets kept markets buoyant.
Wednesday, 07/08/2013 | 18:30 GMT by
Adil Siddiqui
ConvergEx Group Subsidiary LiquidPoint Launches Market Data Service
- Brokerage and trading software conglomerate ConvergEx has today announced that its LiquidPoint division has launched a market data service which can be connected via a single LiquidPoint API.
Wednesday, 07/08/2013 | 15:20 GMT by
Andrew Saks McLeod
LCH.Clearnet Announces Hitting $1 Trillion Milestone on ForexClear
- LCH.Clearnet, announced that it has cleared $1 trillion on FX NFDs since launching its ForexClear service in March 2012. The milestone comes six months after hitting $500 billion in cleared volume earlier this year.
Wednesday, 07/08/2013 | 12:22 GMT by
Ron Finberg
The Case Continues: BNY Mellon Faces Ongoing FX Fraud Case Once Again
- The latest development in the State of New York's lawsuit against financial giant BNY Mellon was heard by the Supreme Court on Monday this week, ruling that the fraud claims brought against the bank can proceed.
Wednesday, 07/08/2013 | 11:56 GMT by
Andrew Saks McLeod
FXCM Posts Record Quarterly Revenues and July Volume Metrics
- FXCM has announced their second quarter financial results. Following a quarter of multiple record months, the firm announced $140.1 million in revenues, an all-time high and 53% above the same period last year.
Wednesday, 07/08/2013 | 11:13 GMT by
Ron Finberg
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