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The Forex Magnates Industry Report for Q2 2013 - Available Now
- The only truly concise and detailed report for the entire Forex business, the Forex Magnates Industry Report for Quarter 2 of 2013 is now available and can be purchased, providing a detailed insight into the dynamics within the industry.
Monday, 15/07/2013 | 10:42 GMT by
Andrew Saks McLeod
Kevin Millien Leaving Boston Technologies
- After a four year run as Co-Founder and key executive at Boston Technologies, Kevin Millien is departing from the firm. During his time at BT, Millien was involved in expanding the usage of the firm’s key MetaTrader 4 liquidity bridge offering.
Monday, 15/07/2013 | 10:25 GMT by
Ron Finberg
Capital Calculations: Markit's Updated Front Office System Allows Single-Application Calculation Of Capital Resources
- As the regulatory structure in North America and Europe evolves in relation to capital resources and funding, Markit upgrades its front office analytics system to allow calculations of trades in one applicaiton.
Monday, 15/07/2013 | 09:47 GMT by
Andrew Saks McLeod
Ex-Saxo Bank Executive Launches Advisory Services Company For FX and CFD Firms
- Consultancy firms aiming their services at the FX, CFD and binary options industry are relatively sparse, particularly in Europe. Today, Danish firm FXBtoB is established by Patrick Mortensen to help firms steer their business.
Monday, 15/07/2013 | 08:56 GMT by
Andrew Saks McLeod
DGCX Posts Record Monthly and H1 Volumes
- The Dubai Gold and Commodity Exchange (DGCX) has posted is June and first half 2013 volume figures. For the month, volumes reached an all-time high of 1,593,150 contracts, a 73% YoY increase, with a notional value of $43.77 billion.
Monday, 15/07/2013 | 08:09 GMT by
Ron Finberg
James Whyte Joins TradeTools FX as Global Head of Sales
- FX and binary options technology provider, TradeToolsFX, has announced that James Whyte has joined the firm as its new Global Head of Sales. Whyte will be charged with developing and expanding TTFX’s technology business.
Monday, 15/07/2013 | 07:15 GMT by
Ron Finberg
British Research Consultancy Predicts Way Ahead For FX Market Structure As Fragmentation of Liquidity Increases
- Consultancy firm GreySpark Consulting has released a predictive report on the ways in which the structure of the FX markets could be affected by continual fragmentation of liquidity, and its effect.
Monday, 15/07/2013 | 06:50 GMT by
Andrew Saks McLeod
Canadian Forex Teacher Lands Jail Time for Tax Evasion
- After failing to report of pay income taxes, the Canadian Revenue Agency (CRA) announced that Ontario Superior Courts have sentenced Najam Mahmood, of MIGForex.com to one year and jail and fined him $687,000.
Sunday, 14/07/2013 | 13:13 GMT by
Ron Finberg
New Zealand FMA Continues Senior Level Restructure - Sue Brown Elected To Position of Head Of Strategy, Innovation and Development
- As New Zealand's financial regulatory environment evolves, the FMA makes further appointments to its leadership team. Today, Sue Brown assumes her new role as Head of Strategy, Innovation and Development.
Sunday, 14/07/2013 | 12:49 GMT by
Andrew Saks McLeod
SEPA influenced by cultural variances across Europe
Sunday, 14/07/2013 | 00:00 GMT by
FMAdmin Someone
Visa introduces V.me to Australia. Visa’s alternative payment solution
Sunday, 14/07/2013 | 00:00 GMT by
FMAdmin Someone
Coinbase incentivizes Bitcoin users identification
Sunday, 14/07/2013 | 00:00 GMT by
FMAdmin Someone
SEC Gets Its Act Together - Publishes Final Ruling On Retail FX
- Just one day after SEC Commissioner Luis Aguilar expressed his dismay at the length of time taken to produce final rulings on retail FX, the regulator today produced its full and concise ruling in final form.
Friday, 12/07/2013 | 16:51 GMT by
Andrew Saks McLeod
Get A Move On! Senior SEC Official Expresses Frustration At Dodd-Frank Delays In Retail Sector
- Whilst the CFTC has spent the first half of this year reasonably satisfied with its progress on working toward completion of rulings on the Dodd-Frank Act, one senior SEC official expresses dismay at what he sees as unnecessary delays.
Friday, 12/07/2013 | 08:19 GMT by
Andrew Saks McLeod
Alpari Posts Combined Monthly Totals For June - Slightly Down MoM But Still Demonstrates Strong Year So Far
- Alpari posts sound volume figures for June at in excess of $243 billion for the month, slightly down on May's record volumes but concurrent with the firm's strong performance into the middle of 2013.
Thursday, 11/07/2013 | 17:43 GMT by
Andrew Saks McLeod
Signed And Sealed! Cross-Border Derivatives Methodology Agreed On Both Sides Of The Atlantic
- The Commodity Futures Trading Commission today announced that it has reached a common path forward with European Union officials on how to approach cross-border derivatives.
Thursday, 11/07/2013 | 13:08 GMT by
Andrew Saks McLeod
FCStone Backs Off – Retracts Intention To Acquire Cleartrade Exchange
- FCStone today announced a controversial change of tack in withdrawing its intention to purchase a controlling stake in Singapore-based Cleartrade Exchange two months after demonstrating interest to proceed.
Thursday, 11/07/2013 | 10:11 GMT by
Andrew Saks McLeod
CFTC Posts May FCM Financials – Advanced Markets Out, Whotrades FX is In
- The CFTC has posted financials for FCMs as of the end of May. Total Retail Forex Funds were $644,593,164, a drop of $3,166,759 (-0.49%) from the end of April. The decline was mainly the result of a near $9 million drop at Oanda,
Thursday, 11/07/2013 | 10:00 GMT by
Ron Finberg
As New Rules Go Into Effect, Advanced Markets Swaps NFA For ASIC Regulation
- Deciding it’s not worth the $20,000,000 minimums; Advanced Markets has also officially withdrawn all of its licenses with the NFA. As of June 28th, the broker withdrew both its FCM license and NFA membership.
Thursday, 11/07/2013 | 09:16 GMT by
Ron Finberg
New Zealand FMA CEO Sean Hughes Announces Resignation, Will Clear His Desk At End Of 2013
- The New Zealand Financial Markets Authority today announced the intention of its CEO to stand down at the end of this year, after a three year tenure during the inaugural stages of the national regulator.
Thursday, 11/07/2013 | 09:13 GMT by
Andrew Saks McLeod
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