Saxo Bank in Focus, Gold-I’s Tom Higgins Talks STP Migration

Saxo Bank drew the attention of investors and a number of regulators following its handling of its CHF trading.

Saxo Bank drew the attention of investors and a number of regulators following its handling of its CHF trading a couple weeks ago – meanwhile, Gold-I’s Tom Higgins checks in to discuss risk management.


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Gold-I’s Tom Higgins Talks Risk Management Fortification, STP Migration

Forex Magnates spoke with Tom Higgins, CEO of Gold-i, for his assessment of the FX industry’s risk management shortcomings following the CHF fallout, whilst lending his perspective on the future direction of the industry. Read More Here

Key Executive Moves

Head of Global Exchange, Alberto Pravettoni, Parts Ways with LCH.Clearnet

LCH.Clearnet was left with a glaring void to fill following the departure of Alberto Pravettoni, the group’s Head of Global Exchange – since leaving, the group has allocated his responsibilities to Cecile Nagel and Bruce Kellaway. Read More Here

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Asaf Yigal Parts Ways with OANDA, Co-Founds

Asaf Yigal has parted ways with OANDA, snapping a tenure that saw Currensee’s acquisition by OANDA over a year ago – Mr. Yigal has since founded, where he will serve as Co-Founder and Vice President. Read More Here


Breaking: FXCM Inc Takes a ‘Poison Pill’ to Prevent Hostile Takeover Attempts

FXCM Inc (NYSE:FXCM) has announced a shareholder rights plan to thwart potential hostile takeovers of the company. The program allows shareholders to purchase reduced priced shares in the event that a hostile bid is made or an individual or group’s ownership of the firm’s float crosses above 10%. The plan was created to dilute a potential buyer’s stake with the issuance of additional shares. Read More Here

Saxo Bank Raising Margin Requirements, Maintains Legal Option for Trade Adjustment

Saxo Bank has announced to clients that it will be applying a second wave of minimum margin requirements increases starting February 4th. The broker had initiated an initial across-the-board increase of margins on January 21st, affecting many popular forex and CFD products. Read More Here

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