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Exclusive: FXCM Speaks Out On Potentially Damaging Effects Of Israel's Proposed Regulatory Reform
- Following an exclusive revelation by Forex Magnates that Israel's ISA plans to impose extremely strict capital adequacy, leverage and client exposure rulings, FXCM voices extreme concern for domestic retail FX industry.
Monday, 24/06/2013 | 07:19 GMT by
Andrew Saks McLeod
Exclusive: Israel's Finance Committee Receives Stringent New Proposals From National Regulator On OTC Markets
- In an exclusive report by Forex Magnates, the State of Israel's Knesset Finance Committee has been presented with a set of detailed procedures for reforming regulations in Israel, relating to leverage, client funds and suitability of products to clients.
Monday, 24/06/2013 | 06:11 GMT by
Andrew Saks McLeod
NPCI announces start of RuPay PaySecure, plans further e-commerce rollout
Monday, 24/06/2013 | 00:00 GMT by
FMAdmin Someone
PayLane expands payment methods with three new additions
Monday, 24/06/2013 | 00:00 GMT by
FMAdmin Someone
MEDA teams up with Better Than Cash Alliance to help the needy
Monday, 24/06/2013 | 00:00 GMT by
FMAdmin Someone
Does Barclays prove that the privacy of the public is no longer protected?
Monday, 24/06/2013 | 00:00 GMT by
FMAdmin Someone
Krys Kling Joins DirectFX.com As Global Head of Operations
- Australian broker and ASIC licensed, DirectFX, has announced the hiring of Krys Kling as its new Global Head of Operations. The hiring is part of DirectFX’s aim of “to broaden their exposure to the global forex market”.
Sunday, 23/06/2013 | 08:16 GMT by
Ron Finberg
Danish FSA Completes Two Month Inspection of Saxo Bank - No Irregularities Found
- A decline in Saxo Bank's revenue during 2012 prompted a full inspection of activities by the Danish regulatory authorities, which has now been completed with no irregularities found in adherance to rulings.
Saturday, 22/06/2013 | 19:40 GMT by
Andrew Saks McLeod
CySEC Bares Its Teeth: Trading Point Fined €5,000 For Infringement of Client Funds Regulations
- Cypriot regulator CySEC today demonstrated its commitment to monitoring of the administrative and compliance procedures of brokers in its jurisdiction by imposing a €5,000 administrative penalty on Trading Point.
Friday, 21/06/2013 | 15:29 GMT by
Andrew Saks McLeod
Executive Interview: Max Lebedev, CEO, Forex4You
- In this week's Forex Magnates Executive Interview, Max Lebedev, CEO of forex broker Forex4You discusses his company's business model and elaborates on the recent entry into the copy trading segment.
Friday, 21/06/2013 | 05:46 GMT by
Andrew Saks McLeod
Growing pains come with success between China UnionPay and Visa
Friday, 21/06/2013 | 00:00 GMT by
FMAdmin Someone
Innovation in design extends to Italian payment instruments
Friday, 21/06/2013 | 00:00 GMT by
FMAdmin Someone
US Court Orders Tony Hunter's 'Double Act Fraud' to Pay $11.7 million
- A U.S. District Court in North Carolina found FX and Commodity fraudster Tony Hunter who ran Prestige and D2W guilty of fraud and regulatory violations, the Order enforces a $11.7 million financial penalty.
Thursday, 20/06/2013 | 23:39 GMT by
Adil Siddiqui
Skype Innovator, Janno Teelem Joins tradable as Chief Product Officer
- Tradable, developer of the new ‘apps’ based trading platform with the same name has announced the hiring of Janno Teelem as its new Chief Product Officer. Before arriving at tradable, Teelem had been an early employee at Skype.
Thursday, 20/06/2013 | 22:00 GMT by
Ron Finberg
IG to Launch MetaTrader 4 Platform, Succumbs to its Popularity
- IG has announced on its website that it will be offering CFD forex trading on the Meta Trader 4 platform. In anticipation of the launch, IG is soliciting ‘beta testers’ for the new product. The news represents the overall popularity of MT4.
Thursday, 20/06/2013 | 21:23 GMT by
Ron Finberg
Russian Broker BCS Gains FCA Approval
- Leading Russian broker BCS sets up fully regulated FCA broker to enhance its global position. London, the worlds financial capital continues its domination as the preferred destination for Russian financial services firms.
Thursday, 20/06/2013 | 18:44 GMT by
Adil Siddiqui
Russia On The Radar - IXcellerate Issues Guidelines On Future-Proofing As Connectivity Race Goes Global
- Russian enterprise infrastructure and colocation company IXcellerate has today produced a white paper on how to stay ahead of the latency race and maintain efficiency when connecting to Russian venues.
Thursday, 20/06/2013 | 15:14 GMT by
Andrew Saks McLeod
MtGox Announces Temporary Suspension of USD Withdrawals
- Leading bitcoin exchange, MtGox, has announced that its temporarily suspending US dollar withdrawals to account holders. MtGox, who transacts around 65% of bitcoin conversions, stated that it is experiencing rising volumes over the past few weeks.
Thursday, 20/06/2013 | 12:28 GMT by
Ron Finberg
Hong Kong Regulator Calls For Greater Transparency - HKMA To Implement Trade Reporting Structure in July
- Following the lead taken by the CFTC in US, Hong Kong's HKMA has developed a set of rules for the reporting of all OTC derivatives trades via an electronic system, with FX NDFs being in the frame.
Thursday, 20/06/2013 | 10:22 GMT by
Andrew Saks McLeod
Bitspend Bank Accounts Get Frozen - Suspends Operations
Thursday, 20/06/2013 | 10:14 GMT by
Ron Finberg
Traiana Keeps Up With The Connectivity Race: Connects Harmony CCP To ForexClear For NDF Clearing
- Further testimony to the industry's connectivity campaigns is evident today as Traiana's Harmony CCP Connect network is scheduled to integrate with LCH.Clearnet's ForexClear for NDF clearing.
Thursday, 20/06/2013 | 09:25 GMT by
Andrew Saks McLeod
ICAP Invests in Portfolio Reporting Firm Enso Financial Management
- Interdealer ICAP, has announced that it is investing Enso Financial Management (EFM), an early stage firm that provides hedge funds and asset managers portfolio reporting and data analytics services.
Thursday, 20/06/2013 | 08:40 GMT by
Ron Finberg
China’s popular store DX.com chooses CyberSource
Thursday, 20/06/2013 | 00:00 GMT by
FMAdmin Someone
PCI Security Standards Council welcomes Cognia to its ranks
Thursday, 20/06/2013 | 00:00 GMT by
FMAdmin Someone
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