As the calendar edges closer to 2015, many brokers are closing out the year with a variety of hires and predictions – meanwhile, BMFN’s Luis Sanchez discusses the prospects of FX in Peru.
BMFN’s Luis Sanchez Discusses the Bourgeoning FX Market in Peru
Latin America is one of the hottest destinations for FX brokers, with access to nearly 600 million people. Given numerous barriers to entry, Peru has established itself as a market on the rise – BMFN’s CEO Luis Sanchez details the country’s ascendency. Read More Here
Hello Markets’ Ronen Priewer Talks Binary Options in China
Ronen Priewer, Hello Markets’ regional manager, discusses his perspective on binary options’ potential in the Chinese market, and the logistics involved in the trade. Read More Here
Key Executive Moves
FX Veteran Graeme King Lands at Commonwealth Bank of Australia
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Longtime foreign exchange veteran Graeme King has joined the Commonwealth Bank of Australia (CBA) as a senior spot trader after leaving Royal Bank of Canada (RBC) Capital Markets in February. Read More Here
HSBC Holdings PLC Parts Ways with Head of Currency Trading Stuart Scott
Not long after the first fine decisions related to the FX industry were announced, HSBC Holdings Plc (LON:HSBC) was the first bank to let go of its head of currency trading. The company has dismissed Stuart Scott, citing his connection with the global investigations of the foreign exchange fixings. Read More Here
In Case You Missed It
Saxo Bank’s Outrageous Predictions to Rock the Markets in 2015, or Will They?
Russia defaults again, Japanese inflation hits five percent, 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. Read More Here
Did Forex Rigging Banks Leave Traces of Manipulation in Their FX Pricing Algorithms?
Another chapter in the foreign exchange fixings saga is up for grabs as apparently the New York’s Department of Financial Services has embarked on a new path as part of the ongoing fixings manipulation investigations, suspecting that Deutsche Bank and Barclays Plc used certain algorithms within their platforms to facilitate price manipulation. Read More Here