Executive Interview: Sanjay Madgavkar Global Head - FX Prime Services At Citibank
- Sanjay Madgavkar Global Head at FX Prime Services At Citibank, the largest Prime Brokerage in the world, sat down for an Interview with Forex Magnates and explained his views on HFT flow and much more.
Thursday, 17/04/2014 | 07:59 GMT by
Avi Mizrahi
Director Of Sonray Capital Markets Sentenced to Six and a Half Years Jail After $46M Collapse
- The former sole director of the Saxo Bank introducing brokerage, Russell Johnson was sent to Jail for his part in the collapse of Sonray including false accounting, theft, deception and conspiracy to steal.
Thursday, 17/04/2014 | 06:59 GMT by
Avi Mizrahi
Exclusive: Strengthened After IPO, Safecharge Searches For Acquisitions in Asia Pacific
- Forex Magnates interviewed David Avgi CEO of SafeCharge a week after the company's successful IPO at the London Stock Exchange AIM, he explained the firm's plans for expansion into new industries and more.
Monday, 14/04/2014 | 11:10 GMT by
Avi Mizrahi
Gleneagle Securities Partners With Integral to Enhance Liquidity and Analysis
- Customers of Global Prime can now receive detailed Transaction Cost Analysis for their trades and also have the ability to customize the mixture of liquidity providers that they receive feeds from.
Sunday, 13/04/2014 | 22:00 GMT by
Avi Mizrahi
Thomson Reuters FXall Trading Volume Set New Record In March, CNH At The Top
- In contrast to FXall, FX trading volumes at Dealing, Matching and Reuters Trading continued to decline in March both on a monthly comparison and yearly one. The Chinese currency keeps climbing in volumes.
Wednesday, 09/04/2014 | 15:33 GMT by
Avi Mizrahi
Australian Watchdog Set To Sharpen Its Teeth: Submits Reforms Recommendations
- ASIC calls for extending its reach and toughening its penalties. The Australian regulator is petitioning the government for the ability to set heavier fines and longer jail terms in non-criminal proceedings.
Tuesday, 08/04/2014 | 15:55 GMT by
Avi Mizrahi
Bitfinex Latest Exchange To Pass "Proof of Solvency" Audit
Monday, 07/04/2014 | 19:37 GMT by
Avi Mizrahi
Total FX ADV Up 35% MoM In March At Intercontinental Exchange Group
- March 2014 FX average daily trading volume dropped 31% YoY and during the whole first quarter of the year at ICE, the total ADV reached only 27,000 contracts, a decrease of about 30% from Q1 of last year.
Thursday, 03/04/2014 | 13:29 GMT by
Avi Mizrahi
Monex Global FX Trading Volumes Drop for a Second Month, down 8.5% in March
- March 2014 continues the downward trend from the previous month in FX trading volumes for the Japan-based Monex Group, after its total global FX trading volumes peaked at $53.4 billion in January 2014.
Thursday, 03/04/2014 | 06:06 GMT by
Avi Mizrahi
Chinese Central Bank Ban Taking Effect, BTC38 Suspends Yuan Trading
Wednesday, 02/04/2014 | 17:35 GMT by
Avi Mizrahi
SafeCharge IPO Launches Today on LSE AIM, $125 Million Raised
- Stocks of the global payments solutions provider specializing in Forex brokers and online gambling sites are now traded on the London exchange with a valuation of about US$400 million at the placing price.
Wednesday, 02/04/2014 | 07:02 GMT by
Avi Mizrahi
Director of Institutional FX at Deutsche Bank Is Suspended Over Manipulation Investigation
- London based Kai Lew has been at the position of Institutional FX Sales since 2006 and before that worked for Goldman Sachs with Fixed Income Derivatives. Hong Kong and New Zealand join the investigations.
Tuesday, 01/04/2014 | 11:54 GMT by
Avi Mizrahi
Click 365 Margin FX Trading Volume up 2.6% in March at the Tokyo Financial Exchange
- Despite a drop of 51.2% YoY Margin FX volumes seems to fare well when compared to other trading instruments on the TFX in March 2014 as the combined trading volume for all TFX products was down 5.2% MoM.
Tuesday, 01/04/2014 | 07:36 GMT by
Avi Mizrahi
New Reports of Central Bank Of China Closing Accounts of Bitcoin Exchanges Driving Price Down
Thursday, 27/03/2014 | 13:52 GMT by
Avi Mizrahi
Exclusive: Dubai Financial Services Authority to Allow Retail FX, Forex Magnates Confirms
- The regulatory authority for the Dubai International Financial Center is set to allow retail brokers to acquire clients, with a leverage of 50 or 20 to 1 according to a correspondent seen by Forex Magnates.
Wednesday, 26/03/2014 | 14:23 GMT by
Avi Mizrahi
Citi Restructures FX Desk and Appoints First Head of Global Spot Trading, Forex Magnates Confirms
- In an internal memo sent by Jeff Feig, Global Head of FX at Citi and seen by Forex Magnates an extensive restructuring of the group's FX trading business is revealed with many executives changing roles.
Tuesday, 25/03/2014 | 13:10 GMT by
Avi Mizrahi
Australian FX and CFD Broker FP Markets Partners with LMAX Exchange
- Access to LMAX is now available through FP Markets, delivering "exchange quality execution", pre & post trade transparency and total trading anonymity in over 60 pairs with average matching speeds of 4ms.
Tuesday, 25/03/2014 | 11:18 GMT by
Avi Mizrahi
Thomson Reuters Changes FX Trading Rules on Its Platform to Discourage Manipulations
- The new rules are seen as an attempt to prevent some forms of market abuse by high frequency trading algorithms such as flashing of prices for nanoseconds with no intention to trade only to move the market.
Tuesday, 25/03/2014 | 09:26 GMT by
Avi Mizrahi
Leverate Adds Copy Trading and Social Features to Mobile Platform
- Copy trading is becoming standard on mobile platforms. Six months after the "social investment network" launched a mobile platform, Leverate launches mobile copy trading for its own Sirix Social Community.
Thursday, 20/03/2014 | 13:33 GMT by
Avi Mizrahi
Deutsche Bank's Trading Business Decreased 43.5% in 2013 Due to Lower Volumes in FX
- The largest FX primary bank dealer in the world, Deutsche Bank published its annual report today revealing the group suffered from falling FX revenues in 2013 due to lower valutility and tighter spreads.
Thursday, 20/03/2014 | 10:41 GMT by
Avi Mizrahi
SafeCharge IPO Planned for Early April 2014, New Details Emerge from AIM Announcement
- The international provider of payments services, SafeCharge has announced its intention to float on LSE AIM and provided financial results, growth strategies and listed FXPro among its notable clients.
Tuesday, 18/03/2014 | 21:51 GMT by
Avi Mizrahi
Software AG's Apama Can Now Detect FX Market Manipulation and Benchmark Fixing Abuses
- The international enterprise solutions giant launched a new version of its market surveillance software which aims to be able to detect fraud and suspicious behavior on behalf of institutional traders.
Thursday, 13/03/2014 | 16:10 GMT by
Avi Mizrahi
New Sentiment Analysis App Available on Bloomberg Professional Service
- Singapore based developer, InfoTrie announced today its FinSentS news analytics and sentiment analysis app is now available on Bloomberg's app portal, including sentiment analysis on the major FX pairs.
Thursday, 13/03/2014 | 10:02 GMT by
Avi Mizrahi
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