Did Banks 'Bucketshop' Retail Forex Brokers? Winners and Losers from Swiss Franc Volatility
- It was the non-dealing desk forex brokers that ultimately found themselves operating risky operations, for a change, versus their market making brethren, as CHF moves wiped out clients and led to negative balances.
Sunday, 18/01/2015 | 14:10 GMT by
Ron Finberg
Everest Capital’s $830 Million Capital Global Hedge Fund Wiped out Due to CHF Short
- Suffering a wipe out of their largest fund, Everest Capital's Global Fund closes following large losses after being short the Swiss franc prior to Thursday's SNB actions to allow their currency to appreciate.
Saturday, 17/01/2015 | 18:52 GMT by
Ron Finberg
Vultures Out: Brokers Reviewing the Wreckage for ‘Groyse Metsia’ Acquisitions
- Forex Magnates has learned that some larger and well capitalized brokers are out making calls today about acquiring outright or purchasing a share of customer books to provide capital to struggling brokers.
Friday, 16/01/2015 | 14:49 GMT by
Ron Finberg
FXCM Announces Massive $225 Million Client Negative Balance Hit Due to CHF Volatility
- FXCM is suffering an unprecedented capital hit due to client negative balances reaching $225 million. The losses put the broker in breach of some regulatory capital requirements which they are working on to cover.
Friday, 16/01/2015 | 05:11 GMT by
Ron Finberg
GAIN Capital and Plus500 Report ‘No Material Impact’ from Swiss Franc Volatility
Thursday, 15/01/2015 | 21:05 GMT by
Ron Finberg
Was the Selloff in FXCM Shares Overdone following Their Q4 Guidance?
- Shares of FXCM were down nearly 11% yesterday after the broker announced that retail revenues per million dollars traded was lowered to around $70 from the $75-$80 range the broker had forecast to investors.
Thursday, 15/01/2015 | 10:38 GMT by
Ron Finberg
Optimove Adds Real-Time Marketing Triggers to Its Automated Retention Platform
- Adding features to their core marketing and retention solution, Optimove launched real-time triggers that enable online businesses the ability to send automated messages to their customers to drive engagement.
Tuesday, 13/01/2015 | 17:00 GMT by
Ron Finberg
Coinsetter Launches for Margin and Short Trading for Qualified Accounts
Tuesday, 13/01/2015 | 16:14 GMT by
Ron Finberg
Sneak Peak: New Funding in Hand, ChartIQ to Launch WebTrader at iFX Expo Hong Kong
- HTML5 charting firm, ChartIQ, enters the front-end interface trading market with the launch of a new webtrader. The product is compatible for brokers who require a web-based option for their MT4 clients.
Tuesday, 13/01/2015 | 11:54 GMT by
Ron Finberg
Coinsetter Launches Margin Trading for Business Customers and Market Makers
Monday, 12/01/2015 | 16:54 GMT by
Ron Finberg
Fluent Trade Technologies Launches Low Latency Data Analytics with BigData Release
- With the release of real time big data for the FX market, Fluent Trade Technologies aims to provide clients with tools to handle BI reporting, algorithm reviews, event investigations and compliance assistance.
Monday, 12/01/2015 | 11:00 GMT by
Ron Finberg
TradAir Closes $15 Million Growth Round with EX-Currenex CEO as Chairman
- Having gained industry interest for its liquidity distribution and HTML5 front-end interface technology, TradAir aims to grow their business following a $15 million financing round led by Long Ridge Equity Partners.
Monday, 12/01/2015 | 09:15 GMT by
Ron Finberg
JPMorgan Adds Chinese RQFII License for Singapore Asset Management Unit
- JPMorgan announces approval of a Qualified Foreign Institutional Investor license for its $7 billion Singapore-based asset management unit, to allow additional investment opportunities in China.
Thursday, 08/01/2015 | 11:35 GMT by
Ron Finberg
'Alphabet Battle' Continues as BGC Extends $5.45 Offer for GFI to Trump the CME
- Despite an approved bid from CME Group for GFI Group, BGC continues with its hostile takeover for GFI Group as they have extended the duration of their $5.45 bid for the interdealer.
Wednesday, 07/01/2015 | 14:12 GMT by
Ron Finberg
First Derivatives to Enter Digital Media 'Big Data' with Delta Marketing Cloud Launch
- With the launch of the Delta Marketing Cloud, capital markets technology firm First Derivatives is making their entrance into the multi-billion dollar digital marketing data analytics industry.
Wednesday, 07/01/2015 | 08:32 GMT by
Ron Finberg
AngelList and OurCrowd Break the $100 Million Barrier for Crowdfunding in 2014
- Equity crowdfunding is an emerging market, but it didn't take a long time to lift off. Last year proved this with both AngelList and OurCrowd reporting that total funding surpassed $100 million.
Tuesday, 06/01/2015 | 16:13 GMT by
Ron Finberg
Fintech Trends for 2015: Investing Services, Anti-Social Trading, and Digital Crowdfunding
- We look at three fintech trends that are slated to grow during 2015 but that also have their risks. The uniform theme of each is that they use technology to bring efficiency to the financial markets.
Sunday, 04/01/2015 | 17:00 GMT by
Ron Finberg
Heard of NPAPI? It's Getting Blocked by Google Chrome in 2015, Webtraders Are Warned
- Following plans that began in January 2014, Google Chrome will be bringing in the new year with more plugins being blocked by default in the browser. Included is Silverlight, which is used by some webtraders.
Sunday, 04/01/2015 | 12:02 GMT by
Ron Finberg
2015 Forex Industry Predictions: IPOs, Volatility and Platforms
- The Forex Magnates staff put together their 2015 forex industry predictions. Included are thoughts on potential deal making, regulation, trading platforms, and how volatility will lead to record volume.
Friday, 02/01/2015 | 10:00 GMT by
Ron Finberg
December Forex Industry Review: M&A, Capital Introductions and P2P Finance
- Its official, 2014 is wrapping up today and we head to 2015. As we review the last month of the year, deal making, fintech, Russia, capital introductions and IPOs grabbed the headlines.
Wednesday, 31/12/2014 | 16:19 GMT by
Ron Finberg
Would CLS Bank Support Help the Ruble as Trading Faces MOEX Holiday Closure?
- The Russian ruble's decline in available liquidity this month occurred as the currency had been slated to be added by the CLS Bank. Would its admittance have mitigated current liquidity problems of the ruble?
Wednesday, 31/12/2014 | 07:59 GMT by
Ron Finberg
"Israel Needs to Take a Chance on Bitcoin" States Head of National Economic Council
Tuesday, 30/12/2014 | 16:11 GMT by
Ron Finberg
Gold-i Announces It Has Attained Microsoft Gold Certified Partner Status
Tuesday, 30/12/2014 | 12:32 GMT by
Ron Finberg
Reviewing Our 2014 Forex Industry Predictions
- The time has come to check how well we predicted the landscape of the forex industry in this year, from a bullish USD and the growing stake of high frequency trading to IPO clutter which still has not materialized.
Monday, 29/12/2014 | 08:01 GMT by
Ron Finberg
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