NFA Bars Bullion Trading Advisor Years after He Stopped Operations and Left the US
- The association said that it started its investigation of Success Bullion in 2014 but the firm did not operate for at least two years before. The owner migrated back to Taiwan in June 2011 and shut down the company.
Monday, 27/10/2014 | 11:50 GMT by
Avi Mizrahi
FXCM to Pay $180,000 Penalty for Unregistered Trades to Canadian Provincial Regulators
- The NYSE listed brokerage has agreed to pay a penalty of $180,000, of which $22,000 will be paid to the New Brunswick's Financial and Consumer Services Commission - recently established by the provincial government.
Monday, 27/10/2014 | 09:09 GMT by
Avi Mizrahi
Twenty-Four Banks Fail ECB Stress Test, Capital Shortfall Is Proportionally Highest in Cyprus
- The European Central Bank's comprehensive assessment, which consisted of an asset quality review and a forward-looking stress test of the banks, found a combined capital shortfall of about €25 billion at 25 banks.
Sunday, 26/10/2014 | 14:53 GMT by
Avi Mizrahi
Who Partnered with Arsenal and Which Broker's Revenue Soared? Read Our Best Stories of the Week
- Forex Magnates spotlights the recent global industry’s news you must know all about, from changes undergoing at Australian brokers to regulators joining forces to offer a dual gambling/financial licence and more.
Sunday, 26/10/2014 | 10:54 GMT by
Avi Mizrahi
China's Forex Regulator Not Worried about "Hot Money" Capital Outflows, Monitors U.S Policy
- The head of the department of international payments at SAFE explained that the decline in reserves was caused by the USD appreciation, which reduced the dollar value of the reserves held in other currencies.
Thursday, 23/10/2014 | 14:03 GMT by
Avi Mizrahi
London Metal Exchange Allies with Chinese Group to Support the Globalisation of RMB
- The London Metal Exchange, a part of Hong Kong Exchanges and Clearing Group, signed a strategic alliance agreement with China Merchants Group to further strengthen its position in the offshore RMB arena.
Thursday, 23/10/2014 | 11:28 GMT by
Avi Mizrahi
Former Indonesian Commodity Futures Trading Regulator Faces 10 Years in Jail for Corruption
- Syahrul King Sempurnajaya tried to hide the proceeds of his corrupted acts by transferring money to his second wife's account at Bank Central Asia as many as 91 times until 5 April 2013, totalling USD 786 million.
Thursday, 23/10/2014 | 09:17 GMT by
Avi Mizrahi
Thomson Reuters Affiliate Tradeweb Adopts Its Know Your Customer Managed Service Accelus
- Thomson Reuters launched Accelus Org ID earlier this year as an end-to-end client identity service that collects, verifies, screens, determines ultimate beneficial owners, and monitors a legal entity for change.
Wednesday, 22/10/2014 | 20:22 GMT by
Avi Mizrahi
Breaking: DMM FX Australia Adopts "Ultra-Low Fixed Spreads" on All Trading Pairs
- The move raises the question: did FXCM start a new price war between brokers in Australia last week when it switched to a raw spreads model and how low can profits go if brokers will be forced to compete on spreads?
Wednesday, 22/10/2014 | 16:21 GMT by
Avi Mizrahi
Interactive Brokers Suffers Comprehensive Loss in Q3 2014 Due to USD Appreciation of $211 MLN
- The decrease in market making profits can also be attributed to lower average volatility, higher global M&A activity and a trading error that resulted in a loss of approximately $16 million during the quarter.
Tuesday, 21/10/2014 | 20:57 GMT by
Avi Mizrahi
Strong Rebound for Alpari Group in September as Trading Volumes Increase 31.5% MoM
- Last year, the total trading volume for the month of September reached $260 billion for Alpari group, meaning that the group suffered about $43 billion drop compared to 2013, coming out at a yearly 16.5% decrease.
Tuesday, 21/10/2014 | 15:11 GMT by
Avi Mizrahi
Exclusive: City Index Integrates MT4 Accounts with its Proprietary G2 Platform
- Mike Lear, CIO at City Index explained the choice of the integrator and bridge developer saying: “We selected Gold-i because of their strong reputation in highly complex trading system integrations."
Tuesday, 21/10/2014 | 07:02 GMT by
Avi Mizrahi
Two English Channel Islands Join Forces to Attract Brokers With Dual Gambling/Financial Licence
- The gambling regulator of Alderney and the financial regulator of the neighboring Guernsey will cooperate to establish the islands as a joint Binary Options, CFDs and Spread Betting jurisdiction.
Monday, 20/10/2014 | 15:17 GMT by
Avi Mizrahi
Who Got Banned in Australia and How Many Traders Lost? Read Our Best Stories of the Week
- Forex Magnates spotlights the recent industry’s news you must know all about this week, from a global broker changing its pricing model in a couple of countries to a British CFD broker gaining a license in Cyprus.
Sunday, 19/10/2014 | 09:24 GMT by
Avi Mizrahi
Cyprus Regulator Releases Practical Guide to MiFID II for the Financial Trading Industry
- Among the highlighted changes: EU member states may require that third country firms will have to establish a branch in each member state where they operate and risk control requirements for high frequency traders.
Wednesday, 15/10/2014 | 10:41 GMT by
Avi Mizrahi
Banks, Not Startups, Will Need a BitLicense in New York
Wednesday, 15/10/2014 | 09:02 GMT by
Avi Mizrahi
Mikkel Thorup Joins CrescoCap's London Team as CIO
- Mr. Thorup explained his investment philosophy in creating risk-adjusted returns in the currency markets: “When evaluating individual trading strategies and how they perform over the medium to long term..."
Wednesday, 15/10/2014 | 06:55 GMT by
Avi Mizrahi
New Caplin Survey Finds Gaps between Supply and Demand for Banks' FX Mobile Trading Offering
- Patrick Myles, CTO and lead author of the white paper said, “The appetite for mobile dwarfs any preceding technology. Buy-side and corporate traders expect to be able to replicate the desktop experience on mobile.
Monday, 13/10/2014 | 06:00 GMT by
Avi Mizrahi
Exclusive: Amercanex Revamps Executive Team With Key Hires
- The new hires are Chief Business Development Officer Michael Herron, an experienced Wall Street professional, and Vice President of Marketing Lisa Hopkins, former Asian-region marketing associate for Morgan Stanley.
Monday, 13/10/2014 | 00:02 GMT by
Avi Mizrahi
Ending "Too Big to Fail:" Derivatives Industry Asks to Remove Cross-Border Close-Out Risk
- Mark Carney, Governor of the Bank of England and Chairman of the FSB, stated that the announcement “marks another important step towards completion of our comprehensive global reform agenda to end too-big-to-fail.
Sunday, 12/10/2014 | 13:25 GMT by
Avi Mizrahi
Barracuda FX Predicts FSB Recommendations Will Lead Banks to Automate eFX Order Management
- Forex Magnates asked Barracuda FX how a platform like theirs can enhance bank controls and process points around benchmark orders and they explained to us how it works with some central recommendations.
Sunday, 12/10/2014 | 11:05 GMT by
Avi Mizrahi
Who Jumped from FXCM to LCG and Which Platform Added CFDs? Read Our Best Stories of the Week
- Forex Magnates spotlights the recent industry’s news you must know all about, from one major broker dumping its own social trading offering to another major broker becoming a CFDs liquidity provider and more.
Sunday, 12/10/2014 | 09:11 GMT by
Avi Mizrahi
cTrader Becomes Multi-Asset Platform as Spotware Partners with GAIN Capital to Offer CFDs
- Brokers using cTrader will now be able to offer their customers prices on sixteen cash index CFDs, and the platform provider says there are already plans to expand the range to Equity and Futures CFDs.
Wednesday, 08/10/2014 | 10:17 GMT by
Avi Mizrahi
Armada Markets Reports Record Trading Volume of $20.5 Billion in September
- The broker additionally claims that during 2014 it has continued to grow rapidly in terms of client numbers, average monthly trading volumes and active markets where it participates but did not provide any figures.
Wednesday, 08/10/2014 | 08:33 GMT by
Avi Mizrahi
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