Latest
GAIN Capital Released Q4 Metrics, Net Revenue Increased by 37% over Q3
- The retail OTC FX trading volume reached $508.0 billion for GAIN Capital in the fourth quarter of 2013, a considerable increase of 28.7% from the third quarter's retail trading volume of $394.8 billion.
Thursday, 27/02/2014 | 13:20 GMT by
Avi Mizrahi
17.4% of Plus500 Shares up for Sale as Founders Propose Secondary Offering
- With shares of CFD broker Plus500 at an all-time high, the company has announced a proposed secondary offering by founders. Up for sale will be 20 million shares are 500p, for a total of £100 million.
Thursday, 27/02/2014 | 08:11 GMT by
Ron Finberg
Lloyds Bank Suspends Trader Amidst Libor Manipulation, Others Return to Work
- The fx and benchmark fixing scandal has taken another turn as of late, this time via an announcement out of Lloyds Banking Group that a trader has been suspended following allegations of Libor manipulation.
Thursday, 27/02/2014 | 00:20 GMT by
Jeff Patterson
Exclusive: OANDA’s CEO Eger Wants to 'Disrupt' Forex Market with Innovative Technology
- Forex Magnates interviews the former head of PayPal's North American business, previously CEO of Citibank's International Cards business, with an exclusive insight into his new role as CEO of a global retail Forex broker.
Wednesday, 26/02/2014 | 14:13 GMT by
Steven Hatzakis
Bank of America is The Latest To Be Drawn Into Forex Probe, Filing Reveals
- The latest bank -with significant institutional foreign exchange business - to file its 2013 annual report, reveals that it is under investigation by regulatory authorities and cooperating under the evolving FX probe.
Wednesday, 26/02/2014 | 11:30 GMT by
Steven Hatzakis
“You Don’t Need a Doctorate to Succeed in Trading”
- Finance Magnates interviewed Philippe Ghanem, SquaredFinancial’s Executive Chairman.
Wednesday, 09/11/2022 | 10:49 GMT by
FM
FXCM UK Announces $16.9 Million Settlement with FCA for Asymmetric Slippage
- Following the reporting of a loss reserve of $15 million in relation to FCA investigation during its Q3 2013 financials report, FXCM has announced that they have reached a $16.9 million settlement with the regulator.
Wednesday, 26/02/2014 | 11:09 GMT by
Ron Finberg
OANDA Expands UK Operation
- After three years of changes at the highest levels, OANDA now reports that the time is right to execute its new strategy at its London office, and confirms that it is employing a number of new business development staff members.
Tuesday, 25/02/2014 | 20:10 GMT by
Adil Siddiqui
Financial Commission Releases Semi-Annual Report on FX, Expansion Eyed in 2014
- The Financial Commission, a third-party dispute and resolution entity specializing in forex, has released its semi annual report, highlighted by a growing list of members and expansionary initiatives.
Tuesday, 25/02/2014 | 17:51 GMT by
Jeff Patterson
ESMA Launches 'One-Stop Shop' for EU Regulatory Information
- Following directives published the EU Parliament in November 2010, the European Securities and Markets Authority announced the launch of what it calls a “One-stop shop for EU regulated investment information”.
Tuesday, 25/02/2014 | 16:12 GMT by
Ron Finberg
Swiss Finance Corporation Partners with Ariel to Offer Spread Betting and Retail FX Trading
- The institutional currency broker which until now have focused exclusively on "tier one clients," like FX funds and small banks, is now aiming at the global retail Forex market for growth and expansion.
Tuesday, 25/02/2014 | 12:34 GMT by
Avi Mizrahi
Monex Net Revenues Drop 14.3% in January, Expenses Skyrocket 43.4%
- Despite the fact that the Japanese Monex Group's January FX Volumes have been the highest in six months, the financial results for the group were disappointing with operating revenues down 9.3% M-o-M.
Tuesday, 25/02/2014 | 10:41 GMT by
Avi Mizrahi
ASIC Bans Forex FS from Offering Retail Managed Accounts for Ten Years
- The Australian Securities and Investments Commission has accepted an "enforceable undertaking" from the online FX broker after it violated its Managed Discretionary Account rules and promised 30% returns.
Tuesday, 25/02/2014 | 08:38 GMT by
Avi Mizrahi
UBS Makes Bid for Immunity from US and EU Regulators over FX Manipulation
- UBS AG, the embattled banking giant under investigation for interest-rate rigging and forex manipulation has launched a bid to seek immunity in both the United States and the European Union (EU).
Monday, 24/02/2014 | 18:48 GMT by
Jeff Patterson
US Regulators Launch Investigation against Bitcoin Amidst Mt. Gox Executive Resignation
- In a move that has been feared by proponents of bitcoin and other cryptocurrencies for months, a panel of US Regulators and the CSBS has just announced the launch of an investigation of digital currencies.
Monday, 24/02/2014 | 18:19 GMT by
Jeff Patterson
CySEC Suspends Infina Investments' CIF License, under Suspicions of Lack of Compliance
- Forex Magnates investigates the recent suspensions of two Cypriot Investment Firms, announced by the Cyprus Securities and Exchange Commission, the newest belonging to InfinaInvestments.com a now-defunct website.
Monday, 24/02/2014 | 12:46 GMT by
Steven Hatzakis
Leverate Targets Chinese Brokers, Holds Seminars in Shanghai and Beijing
- The FX and Binary Options platform developer has announced it is set for a major marketing drive centered on Chinese brokers. Leverate has hired additional staff in Hong Kong to cope with mainland demand.
Monday, 24/02/2014 | 12:24 GMT by
Avi Mizrahi
Maltese Regulatory Watchdog Warns That Merex Markets Not Licensed with MFSA
- The Malta Financial Services Authority warns against MerexMarkets.com, an apparently unregulated broker with offices in Cairo and Tbilisi, advising the public that the firm is neither registered nor regulated in Malta.
Monday, 24/02/2014 | 11:34 GMT by
Steven Hatzakis
Octopus Network Poised to Unleash Web3 Gaming (Even in the Darkest of Markets)
- Scalability, customizability, and on-chain governance are critical for mass adoption.
Tuesday, 08/11/2022 | 13:56 GMT by
James Clifford
Plus 500 Co-Founder Unloads 8.5 Million Shares as Stock Hits Under 500 Pence
- Former executive and co-founder of Plus500, Shimon Sofer, has further reduced his stake, after his holding company BQ Soft Ltd reports its holdings are reduced from 7% to just under 3% of all outstanding shares of Plus500.
Monday, 24/02/2014 | 10:16 GMT by
Steven Hatzakis
Ukraine’s Political Debacle Helps Ruble Volumes to Hop Around in Offshore Futures and NDF Trading
- Volatility in Ukraine during the recent protests has had a direct impact on Russia's currency, the Ruble weakened 1.3% during the week. The harsh price movements bought in speculators which drove volumes in the currency pair.
Sunday, 23/02/2014 | 09:03 GMT by
Adil Siddiqui
Canada’s FINTRAC Imposes Fine on Questrade for Serious AML Breaches
- Canada’s regulatory authority that governs money laundering has reported details of a fine it imposed on Toronto based broker, Questrade, in 2011. The broker was found guilty of breaching nine serious rulings.
Saturday, 22/02/2014 | 19:33 GMT by
Adil Siddiqui
SEC Fines Credit Suisse $196 Million for Unregistered Cross-Border Brokerage Services
- The SEC has announced formal charges against Credit Suisse for the violation of US Federal Securities laws through the illegal providing of cross-border brokerage and services to unregistered US clients.
Friday, 21/02/2014 | 18:50 GMT by
Jeff Patterson
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