Russian Finance Ministry Commits $7 Billion to Prop up Ruble, FX Market Yawns
- A month after the official abandonment of the trading corridor which was acting as a backstop against excessive moves on the forex market, the Russian central bank is facing an endless volatility conundrum.
Wednesday, 17/12/2014 | 12:41 GMT by
Victor Golovtchenko
Interactive Brokers to Refund $1.5 Million in Fees & Commissions in Australia
- The Australian customers of the company will be reimbursed with the fees and commissions which they paid to the brokerage for retail margin loans during the period between July 2010 and August 2013.
Tuesday, 16/12/2014 | 14:31 GMT by
Victor Golovtchenko
LMAX Exchange Deploys Matching Engine in Tokyo Equinix TY3
- The new matching engine is designed to deliver lower latency after its launch in the Equinix IBX Data Centre in Tokyo securing to traders in the country high speed trading delivering less than 4ms latency.
Tuesday, 16/12/2014 | 10:48 GMT by
Victor Golovtchenko
Russian Ruble Remains on the Defensive despite Record Rate Rise
- Political pressure has been lifted off the shoulders of the Bank of Russia, as it hiked rates overnight to a record high of 17%, making a deep recession in the country a virtual certainty and challenging ruble shorts.
Tuesday, 16/12/2014 | 08:43 GMT by
Victor Golovtchenko
Exclusive: Kevin Millien Challenges Boston Technologies & Forexware in Court
- Boston Technologies co-founder and minority shareholder Kevin Millien filed a preliminary injunction against former BT CEO George Popescu, BT, Currency Mountain Holdings, Forexware and Emil Assentato.
Monday, 15/12/2014 | 19:18 GMT by
Victor Golovtchenko
Breaking: Trading Central Acquires Automated Quantitative Analysis Company Recognia
- One of the leading providers of technical analysis tools targeting traders directly with technical analysis solutions is widening its scope by acquiring a firm specializing in automated quantitative analysis.
Monday, 15/12/2014 | 12:50 GMT by
Victor Golovtchenko
Thomson Reuters Matching Adds Malaysian Ringgit and Philippines Peso
- Emerging Asia currencies are making its way to the Thomson Reuters platform as interest in trading currencies outside of G7 is increasing and the volatility of emerging market currencies is rising.
Monday, 15/12/2014 | 12:06 GMT by
Victor Golovtchenko
Russian TV Alleges MMCIS Founders Financed Ukrainian Politicians
- After the debacle of the Ukrainian brokerage MMCIS, we are seeing yet another turn, as a Russian TV station reports that the client funds allegedly stolen from depositors were used to finance Ukrainian politicians.
Friday, 12/12/2014 | 13:46 GMT by
Victor Golovtchenko
SafeCharge International Group to Acquire CreditGuard for $8 Mln
- The company acquires a level 1 certified payment service provider with white labeling capabilities and a highly secure payment gateway environment and reconciliation solutions brining annual revenues of $2.9 million.
Friday, 12/12/2014 | 08:01 GMT by
Victor Golovtchenko
Did Forex Rigging Banks Leave Traces of Manipulation in Their FX Pricing Algorithms?
- A Reuters report is citing sources close to the matter claiming that the New York banking regulator is investigating whether Deutsche Bank and Barclays Plc used certain algorithms facilitating fixing manipulation.
Thursday, 11/12/2014 | 08:38 GMT by
Victor Golovtchenko
Saxo Bank Outrageous Predictions to Rock the Markets in 2015, or Will They?
- Russia defaults again, Japanese inflation hits 5%, Draghi quits the ECB, China devalues the Yuan 20% and the UK housing market crashes - which one of these can really happen we leave up to you in the comments below.
Thursday, 11/12/2014 | 00:00 GMT by
Victor Golovtchenko
HSBC Holdings PLC Parts Ways with Head of Currency Trading Stuart Scott
- Mr Scott parts ways with HSBC Holdings after allegedly conspiring with a major hedge fund to leak information related to client orders on the foreign exchange market and serving in a role related to fixing investigations.
Wednesday, 10/12/2014 | 14:00 GMT by
Victor Golovtchenko
Average Daily Retail OTC Trading Volumes at GAIN Capital Drop 7% in November
Wednesday, 10/12/2014 | 12:46 GMT by
Victor Golovtchenko
Forex Trading in Singapore Tanks Lower, While CFDs Remain on Track
Wednesday, 10/12/2014 | 11:42 GMT by
Victor Golovtchenko
SafeCharge Gets Approval for Issuing Activity by MasterCard Europe
- MasterCard Europe granted the company the ability to issue pre-paid MasterCard products opening the doors for the firm to expand its range of services to its clients and seek new growth opportunities.
Wednesday, 10/12/2014 | 08:22 GMT by
Victor Golovtchenko
Breaking: Russian Forex Regulation Law Passes Second Reading in Parliament
- The latest version of the Russian forex regulation bill was passed in the Russian Duma on its second reading officially making the bill into a law, pending final due diligence in a formal read in the Federal council.
Tuesday, 09/12/2014 | 14:28 GMT by
Victor Golovtchenko
Canadian Self-Regulatory Organization Revises FX Margin Requirements
- The Investment Industry Regulatory Organization of Canada updated the margin requirement levels on the list of foreign exchange margin rates for Canadian and U.S. base currency FX trading accounts.
Tuesday, 09/12/2014 | 10:47 GMT by
Victor Golovtchenko
FxPro Launches Its Prime of Prime Offering Following up on Quotix Acquisition
- The company launches its prime-of-prime offering using a dozen of liquidity providers with half a dozen more in the pipeline and different pricing structures depending on the platform, with cTrader and MT4 available.
Tuesday, 09/12/2014 | 08:12 GMT by
Victor Golovtchenko
Intercontinental Exchange Inc. Sells Its Euronext Stake for €96.8 Million
- While the company’s management expressed its desire to keep its stake in the New York Stock Exchange, it is parting with its equity in Euronext selling its 6% stake to institutional investors for €96.8 million.
Monday, 08/12/2014 | 22:30 GMT by
Victor Golovtchenko
CRFIN Positive about the Latest Draft of Russian Forex Regulation Bill
- Just before the alleged second vote on a draft proposal of forex regulation in Russia, the self-regulatory body in the country has issued a statement outlining the positives and the negatives of the bill.
Monday, 08/12/2014 | 18:36 GMT by
Victor Golovtchenko
Exclusive: TechFinancials Plans to List on London's AIM in First Binary Options Tech IPO
- With yearly revenues of $10-20 million, the Israeli based white label technology provider for binary options trading is set for an industry pioneering listing in the London Alternative Investments Market.
Monday, 08/12/2014 | 16:44 GMT by
Victor Golovtchenko
Breaking: Saxo Bank Switzerland Appoints Antonio Ferrante as CEO
- Mr Ferrante will head the company after serving in various executive roles at Credit Swiss on the 5th of January 2015, replacing current interim CEO Tobias Straessle after a recent executive reshuffling.
Monday, 08/12/2014 | 16:12 GMT by
Victor Golovtchenko
Dodd-Frank Violations Lead to a $1.3 mln Fine for Gold Distributors Inc
- A Federal Court ordered the company and its owner Jordan Cain to pay restitution and civil monetary penalty for violating Dodd-Frank Amendments to the Commodity Exchange Act between January 2012 and February 2013.
Friday, 05/12/2014 | 17:42 GMT by
Victor Golovtchenko
Fixed Income Trading Platform, Bondcube, Granted FCA Authorization
- The liquidity aggregating bond trading network is aiming to facilitate trading of large tickets and on illiquid markets by providing an alternative solution the the usual buy-side RFQ and sell-side traders.
Friday, 05/12/2014 | 16:48 GMT by
Victor Golovtchenko
Moscow Exchange to Double Tick Size in USD/RUB and EUR/RUB Pairs in February
- The rising FX volatility on the Russian ruble market has triggered a recommendation from the FX Market Committee to double the tick size in select currency pairs in order to deepen market liquidity.
Friday, 05/12/2014 | 14:17 GMT by
Victor Golovtchenko
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