Trading Volumes at DGCX Recorded 3% YoY Growth in February
- The Dubai Gold and Commodities Exchange marked year-on-year growth amid continuing increases in trading of Indian rupee contracts, equities as trading marked 929,152 contracts with total value amounting to $35 billion.
Tuesday, 10/03/2015 | 15:10 GMT by
Victor Golovtchenko
Licence of Hungarian Broker, Quaestor Securities, Temporarily Suspended
- The brokerage is facing difficulty in refinancing its obligations, due to paper losing value in the aftermath of the Buda Cash announcement made by authorities several weeks ago, revealing sector weakness.
Tuesday, 10/03/2015 | 13:44 GMT by
Victor Golovtchenko
IG Group First to Unveil an Apple Watch Trading Application
Tuesday, 10/03/2015 | 11:31 GMT by
Victor Golovtchenko
Euro Collapse Continues, Opening the Doors for More Volatility
- The single European currency marked its lowest level since April 2013, as the European Central Bank's bond-buying effort continues to exert substantial downward pressure on European bond yields.
Tuesday, 10/03/2015 | 09:22 GMT by
Victor Golovtchenko
ECB Introducing Eurobonds by the Backdoor, Says German Think Tank
- The widely respected German institute IFO, has stated that the results from ECB's bond-buying program are mainly focused on depreciating the local currency, which according to Euro Zone's treaty rules is forbidden.
Tuesday, 10/03/2015 | 08:30 GMT by
Victor Golovtchenko
Foreign Exchange Ponzi Scheme Perpetrator Jailed After FCA Charges
- UK court of law sentenced Philip Boakes to ten years in prison after defrauding his victims of £3.5 million through his company, CurrencyTrader Ltd, claiming to be investing their funds in spread betting.
Friday, 06/03/2015 | 18:14 GMT by
Victor Golovtchenko
Peter Williams to Leave Foreign Exchange Desk At Goldman Sachs
- According to sources close to the matter, Mr. Williams has left Goldman Sachs to pursue other career opportunities after spending the last seven years at the investment bank as an executive director.
Friday, 06/03/2015 | 17:28 GMT by
Victor Golovtchenko
Stellar Non-Farm Payrolls Send U.S. Dollar to New Multiyear Highs
- Foreign exchange volatility remains buoyant in tandem with the U.S. dollar after a hiccup in February which led to substantially lower volumes reported by leading companies within the FX industry.
Friday, 06/03/2015 | 14:24 GMT by
Victor Golovtchenko
Saxo Bank Volumes Slump in February despite Record Client Deposits
- The Danish multi-asset brokerage published its monthly numbers for February, stating that it had experienced growth in new client numbers of 24% when compared to last year’s figures for the same period.
Friday, 06/03/2015 | 11:47 GMT by
Victor Golovtchenko
Breaking: CFH Systems to Bridge FX Liquidity Between London and China
- The company will start providing direct internet access into China, dramatically reducing latency after CFH Clearing moved its matching, order and execution systems into Equinix LD4, known as the FX datacenter.
Friday, 06/03/2015 | 08:36 GMT by
Victor Golovtchenko
Euro below $1.10 Amid Dovish European Central Bank President
- The European Central Bank's bond buying program kicks off in 4 days, but the markets are already questioning its effectiveness, while selling off the euro across the board to below key psychological levels.
Thursday, 05/03/2015 | 18:34 GMT by
Victor Golovtchenko
Acuity Trading Raises Equity Valuing Company Close To €1 Mln
- The company delivering sentiment analysis to retail investors has partnered up with the Jensen EIS Fund, securing an investment for the future development of marketing operations and additional products.
Thursday, 05/03/2015 | 15:33 GMT by
Victor Golovtchenko
Foreign Exchange Trading on Moscow Exchange Halts for 74 Minutes
- Trading on the venue was interrupted between 11:26 and 12:40 Moscow time due to a malfunction in the operation of gateways used to access the FX market's trading system leading to a halt of precious metals too.
Thursday, 05/03/2015 | 12:44 GMT by
Victor Golovtchenko
Intercontinental Exchange FX Trading Volumes Drop 24% in February
- The figures remained higher year-on-year as the foreign exchange market entered into a new cyclical high in terms of volatility, but after several months of steady activity, in February trading ranges took over.
Wednesday, 04/03/2015 | 21:55 GMT by
Victor Golovtchenko
Euro Hits Fresh Lows Awaiting Quantitative Easing Details from ECB
- The single european currency has been losing value in recent weeks amid unabating uncertainty about the prospects of a Greek exit from the Euro Zone while awaiting further details about the ECB's bond buying program.
Wednesday, 04/03/2015 | 21:07 GMT by
Victor Golovtchenko
CME Group Breaks New Ground Launching Oil Storage Futures Contracts
- The new offering will open additional strategies for traders who are forced to take delivery on contracts because of rapidly dropping prices, echoing memories of 2008 & 2009 amid the latest massive oil price drop.
Wednesday, 04/03/2015 | 19:44 GMT by
Victor Golovtchenko
Alpari UK Depositors to Be Fully Compensated By FSCS for up to £50,000
- The UK Financial Services Compensation Scheme has officially stated what has been known all along - clients of Alpari UK who have claims within the insured deposit amount will receive full compensation.
Wednesday, 04/03/2015 | 17:39 GMT by
Victor Golovtchenko
Moscow Exchange Adds USD/CAD & USD/TRY Futures, FX Volumes Rebound 37%
- The foreign exchange futures offering on the Moscow Exchange is being expanded with the introduction of USD/CAD and USD/TRY contracts amid growing demand from local investors and closer ties between Russia and Turkey.
Tuesday, 03/03/2015 | 14:47 GMT by
Victor Golovtchenko
ICAP's EBS Volumes Tank Lower in February, Remain Higher YoY
- Range trading settled in across major foreign exchange pairs in February, pushing trading volumes lower and echoing bad memories from last year when metrics consistently declined for the first half of 2014.
Tuesday, 03/03/2015 | 11:14 GMT by
Victor Golovtchenko
Celer Technologies Partners with Azul Systems For Java Technology
- The modular trading platform designed by Celer Technologies delivers a customizable solution in need of low latency and high bandwidth solution which the firm found in Azul Systems' Zing Java Virtual Machine.
Tuesday, 03/03/2015 | 10:48 GMT by
Victor Golovtchenko
Barclays PLC Sets Aside Another $1.15 Bln for FX Fixing Manipulation
- The company's CEO, Antony Jenkins, said that Barclays PLC remained focused on addressing outstanding foreign exchange conduct issues in 2015 while the bank registered a 12% jump in profits beating market consensus.
Tuesday, 03/03/2015 | 08:09 GMT by
Victor Golovtchenko
Swissquote Group Holding Net Profit Doubles in 2014 After MIG Acquisition
- Margins increased at Swissquote as the company optimized the costs related to the acquisition of MIG Bank in 2013, as electronic foreign exchange accounted for most of the revenue increase throughout 2014.
Tuesday, 03/03/2015 | 06:35 GMT by
Victor Golovtchenko
Trading Forex Is Hardly More Dangerous Than Futures, But...
- The retail forex industry could continue to suffer damaging comments from the mass media as the warning labels on a number of broker websites are missing and instead are substituted with get-rich-quick invitations.
Monday, 02/03/2015 | 22:48 GMT by
Victor Golovtchenko
Interactive Brokers Group Inc Reports Robust February Trading
- The global brokerage registered the third highest month in terms of Daily Average Revenue Trades in February 2015 after the U.S. stock market kept creeping higher and the Dow and the S&P hit new all-time highs.
Monday, 02/03/2015 | 18:39 GMT by
Victor Golovtchenko
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