All News | Finance Magnates

Basically NFA here extends its grip on more retail forex market participants than now. The Commodity Futures Trading Commission (CFTC) recently approved a number of amendments to NFA Requirements that govern the retail forex activities of NFA Members. These amendments to NFA Bylaws 301 and 306, NFA Compliance Rules 2-10, 2-36 and 2-39, Code of Arbitration Section 1 and Interpretive Notices 9053, 9058 and 9060 will become effective October 1, 2011.

Wednesday, 17/08/2011 | 10:59 GMT by Michael Greenberg

Analysis

Cantors sets eyes on Hedge Fund Industry

Wednesday, 17/08/2011 | 09:15 GMT by Adil Siddiqui

Technology

Savvis strengthens its FX connectivity for High Frequency FX Traders

Tuesday, 16/08/2011 | 08:00 GMT by Adil Siddiqui

Analysis

LMAX takes big hit - £13.2 million loss

Monday, 15/08/2011 | 18:25 GMT by Adil Siddiqui

Technology

FX55 ECN provider implements MaxxTrader

Monday, 15/08/2011 | 11:04 GMT by Adil Siddiqui

Technology

Thomson Reuters gives FX Markets boost by offering its Elektron Hosting Service to improve latency

Monday, 15/08/2011 | 09:58 GMT by Adil Siddiqui

Exchanges

HotSpot reports record trading day in July and growth of 88% from same month last year

It seems this summer's volatility is going to bring overall forex trading volume to record heights. Up until now most major brokers and liquidity providers/venues have reported higher volume than usual and we haven't seen the August data yet. HotSpot too is reporting a record month in July which saw its volumes up almost 100% from the same month last year.

Monday, 15/08/2011 | 07:37 GMT by Michael Greenberg

Analysis

Interbank FX becomes first U.S. broker to offer social network to clients

I just received this press release from Interbank FX announcing the launch of IBFXConnect, their social trading network. I see forex social networks as the next battle ground for forex brokers to win over traders from other brokers. Congratulations to Interbank FX for recognizing this trend ahead of most other U.S. firms. I believe that we will see a shift in client profitability numbers to the upside as more and more traders start using the Copy Trade functionality (where new traders can copy the strategies of experienced traders).

Monday, 15/08/2011 | 06:10 GMT by FMAdmin Someone

Brokers

NFA fines FXCM $2 million for slippage malpractices, FXCM will credit clients back

Apparently Non Dealing Desk doesn't mean you get the best execution - NFA has just announced that it heavily fined FXCM for slippage malpractices. FXCM will pay $2 million directly to NFA and will compensate all customers who suffered from this practice since June 2008. The details of this case are not much different from the similar fine of $459k which NFA imposed on Gain Capital for using the Virtual Dealing plugin and similar slippage settings.

Saturday, 13/08/2011 | 17:14 GMT by Michael Greenberg

Exchanges

High Volatility - record number of contracts in Gold & AUD on CME

Friday, 12/08/2011 | 12:30 GMT by Adil Siddiqui

Next Previous

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}