Breaking: FXCM Inc to Sell Its FXCM Japan Unit to Rakuten Securities
- The deal is worth $62 million, with the sale of the Japanese unit of FXCM resulting in the recovery of cash held at the company most likely as a regulatory capital requirement totaling $22 million.
Wednesday, 25/03/2015 | 14:09 GMT by
Victor Golovtchenko
CWMFX's Parent Group Linked to Massive Offshore Ponzi Scheme, Researcher Says
- According to Offshore Alert, CWM World is linked to a $16 billion Ponzi scheme run by the Mauritius-based Belvedere Management Limited, as sources close to the firm have dismissed the report as inaccurate.
Tuesday, 24/03/2015 | 18:29 GMT by
Victor Golovtchenko
Firms in Singapore, Malaysia, Germany & UAE Top Ranks of CNY Endorsers
- According to the results from HSBC’s annual RMB survey, usage has been steadily climbing with discussions about the Chinese yuan as a business enabler reaching about 22% of company boards worldwide.
Tuesday, 24/03/2015 | 15:53 GMT by
Victor Golovtchenko
Former Rabobank Trader Pleads Guilty of LIBOR Manipulation
Tuesday, 24/03/2015 | 15:10 GMT by
Victor Golovtchenko
BATS Hotspot Targets Europe by Launching London Matching Engine
Tuesday, 24/03/2015 | 10:57 GMT by
Victor Golovtchenko
Monex Group Inc on Track to Report Higher Y/Y Revenues in Q4
- The globally operating Japanese company Monex Group has been on track to deliver a higher net revenue figure during the fourth quarter of 2015 as the volatility across various asset classes has been much higher.
Tuesday, 24/03/2015 | 09:01 GMT by
Victor Golovtchenko
New LBMA Gold Price Fixing Still Leaves Only Six Market Makers
- Despite the launch of the new benchmark LBMA gold price fixing and the transparency of an electronic market making process, the number of banks bidding in the auction remains disappointingly low.
Monday, 23/03/2015 | 18:37 GMT by
Victor Golovtchenko
Social Trading Network FX Stat Upgrades its FCA License
- The changes make FX Stat fully compliant with updated FCA social trading regulations and license the firm to be providing STP execution services in forex, futures, commodities and spread betting contracts
Monday, 23/03/2015 | 16:49 GMT by
Victor Golovtchenko
DMM FX Australia Goes against Higher Margin Requirements Trends
Monday, 23/03/2015 | 14:08 GMT by
Victor Golovtchenko
German Regulator BaFin Fines UK Unit of BlackRock €3.25 Mln
- The fine is related to BlackRock Investment Management UK's failure to timely report the percentage of voting rights holdings to the local financial regulator BaFin as required under German regulation
Friday, 20/03/2015 | 18:30 GMT by
Victor Golovtchenko
Admiral Markets Reshuffles the List of Available Currency Pairs
- After thorough statistical analysis, Admiral Markets is reassessing the number of currency pairs offered to its clients and starting from the 30th of March the company is removing certain instruments.
Friday, 20/03/2015 | 12:39 GMT by
Victor Golovtchenko
New MetaTrader 5 Platform Update Brings Faster EA Testing
- Users of the latest MetaTrader 5 platform update will be able to make use of an optimized version of the Strategy Tester module, which is backtesting Expert Advisors much faster than previous iterations.
Friday, 20/03/2015 | 12:09 GMT by
Victor Golovtchenko
FXCM UK Updates Negative Balance Policy to Include Only First $50,000
- FXCM has just updated its master trading agreement to reflect the challenges associated with a negative balance protection policy for retail forex traders, now including "insurance" only on the first $50,000.
Friday, 20/03/2015 | 10:14 GMT by
Victor Golovtchenko
ADS Securities Sponsoring Formula Renault Swiss Driver in 2015
- Abu Dhabi-based brokerage, ADS Securities, has announced that it will be sponsoring Swiss racing driver Louis Delétraz in his driving at the Formula Renault 2.0 Northern European Cup throughout 2015.
Thursday, 19/03/2015 | 13:30 GMT by
Victor Golovtchenko
Saxo Bank's Co-CEO Kim Fournais: Equity Traders Surpass Forex in 2014
- Forex Magnates' reporters spoke to Founder and co-CEO of Saxo Bank, Kim Fournais, about the company’s performance in 2014 and the challenges of January which the brokerage faced after the EUR/CHF floor removal.
Wednesday, 18/03/2015 | 19:37 GMT by
Victor Golovtchenko
Citigroup and Barclays Set to Pay $800 Mln More for FX Manipulation
- After settling with regulators, big banks have been engaged in reaching a consensus with private entities who filed lawsuits in the aftermath of the FX fixing manipulation investigation results last year.
Wednesday, 18/03/2015 | 12:21 GMT by
Victor Golovtchenko
Breaking: Alpari Looking to Establish New EU Licensed Subsidiary
- The firm is already looking to hire a managing director for a subsidiary to be based in the EU, targeting clients mainly from Eastern Europe, where the brand has been actively promoting its services in the past.
Wednesday, 18/03/2015 | 10:32 GMT by
Victor Golovtchenko
Stock Market Simulation App TradeHero Partners OANDA to Add Forex
- The trading gamification app is adding foreign exchange and precious metals feeds though a partnership with OANDA, boasting an impressive presence in Southeast Asia in trading related mobile applications.
Wednesday, 18/03/2015 | 08:22 GMT by
Victor Golovtchenko
Spanish Retail Broker Interdin Shaken by the US Patriot Act
- The parent company of the broker was Banco de Madrid, which went belly up on Monday as U.S. authorities have cracked down on its parent bank Banco de Andorra and labeled it as "a primary money laundering concern".
Tuesday, 17/03/2015 | 19:39 GMT by
Victor Golovtchenko
Australian Insider Trading Duo Gets Jail Time After Trading Margin FX
- Former Australian Bureau of Statistics employee Christopher Hill got 3 years and 3 months while the holder of margin forex trading accounts with Pepperstone and AxiCorp Luca Kamay is sentenced to 7 years and 3 months.
Tuesday, 17/03/2015 | 19:09 GMT by
Victor Golovtchenko
Stock.com Launches Regulated Binary Options
- The company is using the CySEC license of Lead Capital Markets that is already providing forex trading, delivers it with a platform solution from Keystone, which is part of publicly traded U.K. company Playtech.
Tuesday, 17/03/2015 | 14:25 GMT by
Victor Golovtchenko
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