Luis Sanchez Talks FX in Peru, Saxo Bank Lists 2015 Predictions

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.

Interviews

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

Longtime foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term 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