CFTC Orders ABN AMRO Clearing to Pay $1 Million to Settle Charges
- The CFTC has announced that it has ordered ABN AMRO Clearing Chicago LLC to pay $1 million to settle charges against the firm. The charges include failing to segregate or secure sufficient customer funds and meet minimum capital requirements.
Wednesday, 19/06/2013 | 14:34 GMT by
Ron Finberg
Is WebMoney the Next Liberty Reserve?
- Since the seizure of Liberty Reserve’s operations last month, it has put all alternative payment providers in focus. Coming into the spotlight now is WebMoney, as its Ukrainian unit was the subject of a raid an bank account freeze.
Wednesday, 19/06/2013 | 09:48 GMT by
Ron Finberg
TradeRush Launches Bitcoin Binary Options
- Binary options broker, TradeRush, has announced the launch of bitcoin binary option contracts for trading. The Cyprus broker becomes the second largest binary firm to offer bitcoin trading, with AnyOption being the biggest.
Wednesday, 19/06/2013 | 06:55 GMT by
Ron Finberg
NFA Signs Agreement with TeraExchange to Provide Regulatory Services to its Swap Execution Facility
- The NFA and TeraExchange have announced that they have signed an agreement where the NFA will provide regulatory services for TeraExchange’s SEF. The agreement finalizes TeraExchange’s evolvement from an EBOT to a SEF.
Tuesday, 18/06/2013 | 15:38 GMT by
Ron Finberg
Simplex Holding Shares Soar 44% on MBO Takeover news
- Shares of Japanese financial technology solution provider have jumped over 44% following news of a tender offer from SCK Holdings. Under terms of the deal, Simplex management, will be implementing a MBO and subsequent sale to SCK Holdings.
Tuesday, 18/06/2013 | 11:35 GMT by
Ron Finberg
Leverate Launches Updated HTML5 Sirix Web Platform
- Forex technology provider, Leverate, has announced the launch of its new web based trading platform, SirixTM. The platform is an updated HTML5 based version of their web trader. The product was first demoed last month at the iFXEXPO
Tuesday, 18/06/2013 | 05:23 GMT by
Ron Finberg
TRADOLOGIC Launches iPad Binary Options Trading Platform
- Binary options provider, TRADOLOGIC, has announced the launch of an iPad app of its trading platform. The app is part of a growing trend among providers to launch native mobile based platforms for binary options trading.
Monday, 17/06/2013 | 15:16 GMT by
Ron Finberg
Celoxica Hires Diance Saucier to Lead US Business Development
Monday, 17/06/2013 | 14:33 GMT by
Ron Finberg
Crowd Sourced Ponzi Schemes - Playing Russian Roulette With HYIPs
- There are 'Dumb Ways to Die' and dumb ways to invest. Topping the list are HYIPs which are simply Ponzi schemes waiting to fall apart. Taking their chances are a new breed of investors flocking to social HYIP websites.
Monday, 17/06/2013 | 13:28 GMT by
Ron Finberg
Real Time Social Media Analytics Firm Dataminr Secures $30 Million in Funding
- Real time data discovery Dataminr announced yesterday that they raised $30 million in Series C funding. Leading the round were Venrock and late-stage venture fund Institutional Venture Partners who invested $25 million
Thursday, 13/06/2013 | 12:56 GMT by
Ron Finberg
Technocash Closing Under Liberty Reserve Damage
- Falling under pressure from investigations related to Liberty Reserve, payment provider Technocash is shutting down. They stated local banks placing restrictions on the company as leading to the decision.
Thursday, 13/06/2013 | 10:50 GMT by
Ron Finberg
CFTC Reports April FCM Data – FXCM Rises and OANDA Declines
- The CFTC reported April financial data for reporting FCMs. For forex firms, there was very little change, as total Retail Forex Funds dropped $177,260 to $647,759,923. Among gainers, FXCM saw account growth of $4.9 million
Thursday, 13/06/2013 | 08:00 GMT by
Ron Finberg
Nicholas Stadel Joins Forest Park FX as Director of Sales and Marketing
Thursday, 13/06/2013 | 06:40 GMT by
Ron Finberg
Russia’s State Duma Approves Forex Legislature in First Reading
- Leading Russian Forex SRO CRFIN announced that forex regulation legislation has passed a first reading at the State Duma. According to CRFIN, the draft is based on guidelines and support from the SRO.
Wednesday, 12/06/2013 | 12:24 GMT by
Ron Finberg
“April Showers Bring May Flowers”: Alpari Posts Another Volume Record for May 2013
- May is turning out to have been a very strong month for retail brokers. Following all-time records that were announced earlier this month from GMO Click, FXCM, and DMM, Alpari has just announced their fourth consecutive month of record volumes.
Wednesday, 12/06/2013 | 11:25 GMT by
Ron Finberg
Executive Interview: Vyacheslav Taran, Co-Founder and CEO of Forex Club
- In our latest Executive Interview, Forex Magnates speaks with Vyacheslav Taran Co-Founder and CEO of Forex Club, on his recent appointment to the top job at the broker, to learn about the recent news and to receive an update about Forex Club
Wednesday, 12/06/2013 | 11:09 GMT by
Ron Finberg
Deutsche Bank Launches iPad Version of Autobahn Trading Platform
- Deutsche Bank has recently launched an iPad version of their FX and equity trading platform Autobahn. The iPad app marks the first mobile offering of the updated Autobahn offering, Deutsche Bank’s FX and Equity single dealer platform
Wednesday, 12/06/2013 | 10:15 GMT by
Ron Finberg
Thomson Reuters Volumes At 11 Month High, FXall Flat
- Thomson Reuters has just reported May trading volumes for its electronic Spot FX trading platforms. During the month average trading volumes at Thomson Reuters rose to $140 billion, an 11 month high for the trading venue
Tuesday, 11/06/2013 | 13:55 GMT by
Ron Finberg
IG Group Releases Q4 and Full Year Trading Statement for 2013
- IG Group released its Trading Statement for the year ending May 31st, 2013. The statement includes unaudited figures for Q4 and the full year, with official audited results due out in July. Q4 revnues are expected to have risen 8% to £104.3.
Tuesday, 11/06/2013 | 08:48 GMT by
Ron Finberg
Another Record for DMM Securities in May 2013 Trading Volumes
- Japanese broker DMM Securities set another record as it has released its May trading volumes. For the month, total volume was $788.5 billion, 3.5% the previous all-time high of $761.5 billion set last month.
Tuesday, 11/06/2013 | 06:45 GMT by
Ron Finberg
Tradition Launches Volatis, a New Volatility Futures Platform
- Interdealer broker Tradition has announced the launch of Volatis, a new platform for trading volatility futures of CME Group listed and cleared products. Volatis offers traders a platform for managing volatility risk
Monday, 10/06/2013 | 09:03 GMT by
Ron Finberg
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