Breaking: Polish Financial Regulator to Propose a Cap on Forex Leverage at 1:50
- Just after the dismal numbers from a four year survey about forex trading profitability made by the Polish financial regulator have hit the wires, there is an incoming proposal to reign in excessive leverage.
Friday, 31/10/2014 | 09:31 GMT by
Victor Golovtchenko
ECB Appoints Four Executing Asset Managers for the ABS Purchase Program
- The European Central Bank appointed Amundi and Amundi Intermédiation, Deutsche Asset & Wealth Management International, ING Investment Management and State Street Global Advisors to conduct the ABSPP.
Thursday, 30/10/2014 | 15:41 GMT by
Victor Golovtchenko
Renminbi Maintains 7th Spot in Global Payments, Closing in on Canadian Dollar
- According to the RMB tracker report released by SWIFT, the Canadian dollar’s sixth spot is hanging in the air as the Chinese currency is on track to surpass it this month, trailing it by only six basis points.
Thursday, 30/10/2014 | 14:49 GMT by
Victor Golovtchenko
State Street’s FX Connect Platform to Integrate with ITG’s Triton EMS
- ITG’s multi-asset broker-neutral execution management system Triton will be integrated into State Street’s multi-bank foreign exchange platform FX Connect offering in the first quarter of 2015.
Thursday, 30/10/2014 | 12:06 GMT by
Victor Golovtchenko
Strategic Options for KCG Hotspot after Global Execution Services down 8% QoQ
- KCG Holdings revealed in its quarterly report that it is looking to sell its Hotspot FX unit just as it reported its record monthly volumes in September and a new all time record setting trading day in October.
Thursday, 30/10/2014 | 11:46 GMT by
Victor Golovtchenko
UnionPay Payments Monopoly in China Close to Ending, as Russia Is Moving Towards One
- Taking yet another step to market reform, albeit at a very slow pace, the Chinese government is likely to let VISA and MasterCard into the card transactions business at a time when Russia is doing the opposite.
Thursday, 30/10/2014 | 11:06 GMT by
Victor Golovtchenko
Russian Ruble Continues Its Falling Knife Trend, MOEX Raises Margin Requirements
- The Moscow Exchange raised its margin requirements for trading the Russian ruble across the board as the currency continues to drop like a falling knife in light of an incoming Russian central bank meeting.
Thursday, 30/10/2014 | 09:18 GMT by
Victor Golovtchenko
Big Data Analytics Company, Eagle Alpha, Raises Additional $1.2 m in Funding
- The company provides both buy side and sell side firms with tools which are curating the entire internet, approaching big data in an unusual way - by mixing technology with human judgement in Web Watch.
Wednesday, 29/10/2014 | 22:50 GMT by
Victor Golovtchenko
Federal Reserve Ends Quantitative Easing, US Dollar Spikes Higher after Hawkish Talk
- The Federal Reserve has ended its third round of quantitative easing, opening the door for future rate hikes despite dovish expectations boosting the US dollar and surprising the foreign exchange market.
Wednesday, 29/10/2014 | 19:22 GMT by
Victor Golovtchenko
Exclusive: Poland Financial Regulator’s Forex Profitability Survey Results Unmasked
- Forex Magnates reporters reached out to a player in the local market to delve deeper into the reasons for the high client loss ratio with 81% of local traders have experienced losses on their trading accounts.
Wednesday, 29/10/2014 | 16:59 GMT by
Victor Golovtchenko
TD Ameritrade Reports Record 2014 Earnings, Double-Digit Asset Growth
- TD Ameritrade reported record diluted Earnings per Share of $1.42 for fiscal 2014, which is higher by 16% year-on-year and marks a record in net revenues of $3.1 billion, up by 13% YoY, with client assets up by 10%.
Tuesday, 28/10/2014 | 13:12 GMT by
Victor Golovtchenko
Bank of Japan Maintains Mantra of Incoming Higher Inflation despite Falling Oil Prices
- Governor Haruhiko Kuroda presented the BoJ’s report before the Committee on Financial Affairs and the House of Councillors, outlining that the central bank is on track to deliver on its promise for 2% inflation.
Tuesday, 28/10/2014 | 12:13 GMT by
Victor Golovtchenko
Owner of S&P 500 Futures Trading System Website Gets $210,000 Penalty
- The U.S. Commodity Futures Trading commission has previously charged Neal E. Hall with failing to register as a commodity trading advisor (CTA) and failure to post cautionary statements on his website.
Tuesday, 28/10/2014 | 00:57 GMT by
Victor Golovtchenko
Social Media Messages of Probed FX Traders to Be Accessed by EU Investigators
- Investigators at the helm of the ongoing antitrust probe by the EU’s European Commission have allegedly requested access to the Facebook personal messages of FX traders working at major banks involved.
Tuesday, 28/10/2014 | 00:16 GMT by
Victor Golovtchenko
FINRA Fines Merrill Lynch $6 Mln for Failing to Prevent Naked Short Selling
- Bank of America will have to pay for both the fines after it took over Merrill Lynch at the height of the financial crisis in September 2008 inheriting the units which didn't comply with SEC's "fail-to deliver" rules.
Monday, 27/10/2014 | 23:08 GMT by
Victor Golovtchenko
Italian CONSOB Introduces Emergency Short Selling Ban Following ECB Stress Tests
- Italian FTSE MIB Index lost 2.4% after the ECB’s new stress testing methodology revealed that Italian banks Banca Monte dei Paschi di Siena & Banca Carige faced a combined shortfall of about $2.9 billion.
Monday, 27/10/2014 | 19:44 GMT by
Victor Golovtchenko
Binary Options Trading Volume in Japan Declines in September, Forex Steals the Show
Saturday, 25/10/2014 | 17:44 GMT by
Victor Golovtchenko
Bitcoin Picks: Another Tough Week for Bitcoin Owners, but Venture Capital Keeps Pouring In
- Bitcoin prices have been dropping sharply again this week, but according to Coinsetter's CEO that isn't a huge surprise, all of this happening while a record amount of venture capital funds has been invested in BitNet Technologies.
Saturday, 25/10/2014 | 15:59 GMT by
Victor Golovtchenko
Financial Robotics Ordered by CFTC to Pay $3 Mln for 'Risk Free' Forex Fraud
- Mark E. Rice and his company Financial Robotics get another fine, however chances are slim that these hefty fines will be ever paid back since Mr Rice has already to pay $1.5 million from a January 2014 order.
Friday, 24/10/2014 | 16:25 GMT by
Victor Golovtchenko
Lottotech Raises $6 million, Launches Its Lottery Messenger Platform
Friday, 24/10/2014 | 15:35 GMT by
Victor Golovtchenko
Bank of Russia to Exempt Forex Accounts from Tax Rebates on Investments
- The Russian Central Bank plans to exempt funds in accounts trading on the foreign exchange market from tax rebates introduced with investment accounts that Russians will be able to open from the beginning of 2015.
Friday, 24/10/2014 | 12:46 GMT by
Victor Golovtchenko
Exclusive: Xenfin Group Confirms Acquisition of Liquidity Pool, Duncan MacInnes to Lead
- The company will retain strategic and operational independence, as the sales team will continue to be led by Kevin Eldridge, while the support team will continue its operations headed by Kevin Taylor.
Friday, 24/10/2014 | 11:28 GMT by
Victor Golovtchenko
Exclusive: Numerous Brokers Experience Serious Delays Due to MT4 Server Vulnerability
- An attack on PrimeXM’s MT4 Server by an individual client caused more than 20 of the firm's brokerages a substantial disruption of their services last Wednesday, which happened to be one of the most volatile days of the year.
Friday, 24/10/2014 | 10:02 GMT by
Victor Golovtchenko
GMO Click Fiscal Q2: Revenues down 5% YoY, Profits Remain Intact
Friday, 24/10/2014 | 08:02 GMT by
Victor Golovtchenko
Panda TS Rolls out Weekend Trading, Provides FX & Gold Data Feeds 7 Days a Week
- The company announced that it will offer real-time data feeds for weekend trading on OTC-assets for major FX pairs & gold to brokers using the company’s feed or binary options platform.
Thursday, 23/10/2014 | 16:03 GMT by
Victor Golovtchenko
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