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Saxo Bank January Metrics, Volumes Jump Nearly 30%, Deposits Up $90Mln to $8.11Bln
- Online trading broker Saxo Bank has Reported January 2014 Forex figures, showing deposits up 1.12% from December, and total trading volumes up 29% to $304 billion in January up from $235 billion in December.
Monday, 03/02/2014 | 14:01 GMT by
Steven Hatzakis
ASIC Hands $15,000 Fine to Pershing Securities Australia Over Trade Confirmation Errors
- The Bank of New York Mellon Subsidiary operating the Pershing brand had one of its business lines handed a tiny fine by the Australian Securities and Investment Commission over errors related to ASX trade confirmations.
Monday, 03/02/2014 | 12:04 GMT by
Steven Hatzakis
GMO Click's FX PRIME Business Reports Its Q3 Results, Share Price Drops 4.52%
- Results for the firms FY Q3 included October, November and December, consisting of plummeting trading volumes, steady deposits near 15 bln yen, and 2,977 new accounts to reach 143,805 accounts, operating income dropped.
Monday, 03/02/2014 | 11:18 GMT by
Steven Hatzakis
Mind Your Tweets - SEC Slaps a $100K Penalty on Misleading Social Media Posts
- A New York based celebrity money manager was fined $100,000 by the Securities and Exchange Commission for promoting his fund on Twitter by selectively highlighting past performance of his investment advice.
Sunday, 02/02/2014 | 13:19 GMT by
Avi Mizrahi
Reaping the Rewards: Maintaining a Quality & Motivated Sales Team
- In the Forex Magnates Quarterly Industry Report for Q4 of 2013, the method by which to build, establish and maintain a successful and motivated sales team is examined in detail, with viewpoints from FX industry leaders.
Sunday, 02/02/2014 | 08:00 GMT by
Andrew Saks McLeod
Mergers and Acquisitions in 2013 - Review and Analysis
- From the FXCM-GAIN Capital-GFT saga to Thomson Reuters’ acquisitions to the merger of GETCO and Knight Capital forming KCG, Forex Magnates examined the reasons that made M&A such a hot trend last year.
Saturday, 01/02/2014 | 08:39 GMT by
Avi Mizrahi
FCA Fines State Street UK £22 Million On Hidden Markups and Overcharging Six Clients
- The Financial Conduct Authority's case shows that from June 2010 to September 2011, undisclosed fees and hidden mark-ups totaled $20,169,603, and associated misconduct from this merited a hefty fine to State Street UK.
Friday, 31/01/2014 | 21:36 GMT by
Steven Hatzakis
New Zealand Regulator Adds Extra Layer of Checks for Advisers Selling FX & Futures
- New Zealand's financial regulator has enhanced the licensing procedure for financial advisers promoting regulated financial instruments. Advisers will need to provide additional details to the regulators prior to gaining approval.
Friday, 31/01/2014 | 12:42 GMT by
Adil Siddiqui
cTrader Introduces Tick Charts Amid Increased Demand for Advanced Technical Analysis Tools
- Leading FX trading platform, cTrader has reported that it has introduced tick charts to the trading terminal. cTrader has launched the enhanced technical analysis tool on the back of increased client demand.
Friday, 31/01/2014 | 12:17 GMT by
Adil Siddiqui
10 Questions About Saxo Bank’s New ‘Social’ TradingFloor.com, What to Expect
- Last week Saxo Bank officially unveiled its new TradingFloor portal which is being re-launched as a social trading community. Today we review some of its key features, what is lacking, and overall what users should expect.
Friday, 31/01/2014 | 10:42 GMT by
Ron Finberg
MONEX Group Consolidated Q3 Results Confirm Growth & Profitability Despite Lower Volumes
- MONEX reports strong operating performance for the third quarter of the current Japanese fiscal year. Revenues and income were up across global business units despite a fall in trading activity during the latter stage of 2013.
Friday, 31/01/2014 | 08:43 GMT by
Adil Siddiqui
LMAX Quietly Introduces Physical Delivery of FX on Majors
- Multilateral trading facility LMAX has today added the facility of providing physical delivery of major currencies as a complimentary service to its clients.
Thursday, 30/01/2014 | 20:12 GMT by
Andrew Saks McLeod
CySEC Approves Binary Options Broker Dragon Options Ltd as Cypriot Investment Firm
- The latest CIF approved by the Cyprus Securities and Exchange Commission is Dragon Options Ltd, a binary options provider under the website DragonOptions.com, Forex Magnates speaks with its CEO Moti Rivlin for comments.
Thursday, 30/01/2014 | 17:41 GMT by
Steven Hatzakis
ASIC Censures CFD Trader Via Magistrates Court for Market Manipulation
- ASIC has today announced that it intends to pursue criminal proceedings against a New South Wales-based CFD trader for market abuse, with a maximum penalty of $495,000 or 10 years imprisonment.
Thursday, 30/01/2014 | 14:34 GMT by
Andrew Saks McLeod
Alpari US Fined $50,000 by NFA for Insufficient Compliance with Fortress
- Failure to submit complete trade reports to the NFA's Forex Transaction Reporting Execution Surveillance System and failure to maintain required trade records, cost the former US retail broker $50,000.
Thursday, 30/01/2014 | 11:38 GMT by
Avi Mizrahi
Alpari RU Closes Out 2013 with Record Year, Looks Toward 2014
- Ending a solid year, Alpari RU hosted a press conference yesterday to review it 2013 achievements. For the year, Alpari RU posted monthly trading volumes of $131.2 billion and client RPM of $66.5.
Thursday, 30/01/2014 | 11:10 GMT by
Ron Finberg
HFM Wins Two New Success Awards
- Receiving global awards further proves HFM's success in expanding its services.
Tuesday, 26/07/2022 | 14:11 GMT by
HFM
Ariel Introduces iTrade: A Flexible Offering for Start-up Brokers
- Ariel a London based technology firm launches a specialised solution for small FX and CFD brokers as it implements its new strategy to cater to the diverse needs of firms in the margin trading business.
Thursday, 30/01/2014 | 07:44 GMT by
Adil Siddiqui
Deutsche Bank Chief Questions Decision to Limit FX Fixings, Calls for Fundamental Change
- As the manipulation of benchmark rates causes widespread upheaval in the industry, some banks opted to limit daily forex fixings, prompting Deutsche Bank to label this as an unsustainable solution.
Thursday, 30/01/2014 | 01:20 GMT by
Jeff Patterson
Unlawful Poaching Campaign Draws FCA Ban of Former BGC Senior Executive Anthony Verrier
- The FCA has banned Anthony Verrier, a former senior executive at fx brokerage BGC Partners Inc. from participating in financial services for his misconduct following an abrupt exit from Tullet Prebon.
Thursday, 30/01/2014 | 00:10 GMT by
Jeff Patterson
France's AMF Adds fxntrade.com And Tradmaker.com To Forex Warning List Now 25
- The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), warns about 25 unauthorised Forex firms in France, after two new additions were included in its latest advisory.
Wednesday, 29/01/2014 | 20:19 GMT by
Steven Hatzakis
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