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Strengthening FX regulations in Russia
- Russia, the world’s eleventh largest economy and part of the famous Bric’s pact has been discussing regulations in derivates trading in a recent money market forum in Moscow. Russia has developed its free market economy post Soviet divide; it now boasts liquid stock and derivatives exchanges for both retail and institutional investors.
Tuesday, 01/11/2011 | 13:20 GMT by
Adil Siddiqui
$100,000 Battle: PrimeXBT Debuts New Contests Module
- A closer look at the new module the award-winning trading platform and why it's a big deal for traders.
Friday, 03/12/2021 | 13:48 GMT by
PrimeXBT
CFTC-SEC Statement on MF Global, hundreds of millions of client funds may be missing
- This story just keeps getting 'better' - since yesterday's post about MF's possible sale, MF has declared bankruptcy and was trying to be bough by IB. However the deal doesn't seem to go through as there are suspicions that huge amount of client funds is missing.
Tuesday, 01/11/2011 | 13:18 GMT by
Michael Greenberg
NFA finalizes several new rules - requires more reporting, governs US forex M&A deals
- NFA has just published set of new rules it has been working on lately. The result is a daily, monthly and quarterly reporting requirement from brokers regarding client positions. NFA also reminds its members of certain key responsibilities and finally published set of rules governing situations of forex M&As - what happens when a US forex broker buys another one and there's a bulk transfer of accounts. This of course missed quite a few such deals we've witnessed this year such as Gain/CMS and Gain/dbFX.
Tuesday, 01/11/2011 | 09:24 GMT by
Michael Greenberg
MF Global may file for bankruptcy protection and sell to Interactive Brokers
- NEW YORK (Reuters) - Troubled brokerage MF Global Holdings Ltd was nearing a deal late on Sunday night to file for bankruptcy protection and sell assets to Interactive Brokers Group , media reports said.
Monday, 31/10/2011 | 11:38 GMT by
Michael Greenberg
Saxo Bank launches aggregated FX Spot positions visual tool
- Saxo Bank has just released a new tool allowing anyone to see the aggregated positions of its clients across 10 forex currency pairs. The tool shows the relative size of position by USD value held by Saxo Bank clients in a selection of currency pairs, and the relative proportion of longs versus shorts by currency pair. It also shows aggregated positions at certain pip levels which may help clients learn of support and resistance positions. Tool also shows simple charts of those currency pairs.
Monday, 31/10/2011 | 09:28 GMT by
Michael Greenberg
Mankoff events continue to shed light on High Frequency Trading in FX
Thursday, 27/10/2011 | 22:56 GMT by
Adil Siddiqui
XRP Now Available to Trade on the Kinesis Exchange
- A pivotal step in further broadening the range of carefully selected and most sought-after digital currencies on the market.
Friday, 03/12/2021 | 07:05 GMT by
Kinesis Exchange
Gain Capital reports Q3 2011 Results - Net Revenue $53.9 million
- Gain just released its Q3 2011 results which show a solid increase in revenues and improvement in net income. Retail volume was almost unchanged from Q2 2011. Gain's institutional GTX platform is experiencing high growth and its volumes were $260 billion in Q3 - a little more than third of all Gain's volume.
Thursday, 27/10/2011 | 21:16 GMT by
Michael Greenberg
Fall of MF Global’s Jon Corzine (Part 1)
- Shares of MF Global plunged to $1.07 on Wednesday when the company reported its largest quarterly loss ever on Tuesday, ($191.6 million loss). Close to 90% of the market cap has vanished since former New Jersey Governor took over as CEO for Brokerage giant MF Global. On Monday Moody’s downgraded MF Global debt to just above junk status. As of Wednesday, the company's bonds were trading at an 18% yield underscoring a lack of investor confidence in Jon Corzine’s capacity to manage the company as CEO.
Thursday, 27/10/2011 | 11:03 GMT by
FMAdmin Someone
AvaFX partners with ayondo - a new signal following platform
- It seems forex signal/trade following is the biggest trend now with just about everybody offering their own version of this - Currensee, Tradency, Zulutrade, FxStat, fxjunction, Collective2, eToro and dozens of other smaller services. Each of these providers has its own platform with or without social aspects, some offer signal trading, others actual traders following. Some platforms are very simple, others are advanced are professional. Today we see AvaFX (one of the fastest growing fx brokers) partnering with ayondo- a relatively unknown/new signal following service. ayondo seems to be a German venture and has also partnered with UK based ActivTrades.
Thursday, 27/10/2011 | 10:40 GMT by
Michael Greenberg
Massachusetts posts BNY Mellon internal emails - smoking gun is there?
- BNY Mellon and State Streep Corp are under increasing regulatory scrutiny for alleged overcharging of their institutional clients in forex transactions. Steven Grossman, Massachusetts State Treasurer, estimated that BNY Mellon overcharged the state’s pension fund by over $20 million, after additional analysis this figure now seems to be over $30 million.
Wednesday, 26/10/2011 | 17:21 GMT by
Michael Greenberg
CFTC Charges Linda Harris, Chance Harris and Two of Their Companies with Forex Fraud
- Linda Harris's name sounded vaguely familiar and I went through all my contacts and emails. And viola! in May 2009 (one month after FM's launch) I found an email exchange with Linda Harris who used the lharris@cdhgroupllc.com email and represented to me that she was a registered CTA offering Forex investment management via Managed Account Program and Forex Investment Advisory service. She also said that she used Advanced Markets for her Managed Accounts Program.
Tuesday, 25/10/2011 | 20:36 GMT by
Michael Greenberg
Forex Magnates Q3 2011 Retail Forex Volume Survey - FXCM world's largest forex broker
- As every quarter Forex Magnates is conducting its retail forex market volume survey as part of the Quarterly Forex Industry Report. Below is an excerpt of survey which shows that outside Japan volumes have grown by 5.1% while including Japan they dropped 2.9%. Global retail forex volume is now $219 Billion daily and $4824 Billion monthly.
Tuesday, 25/10/2011 | 10:38 GMT by
Michael Greenberg
An interview with Brian King of Penson Worldwide
- Penson Financial Services, Inc. one of the largest broker dealers recently launched MetaTrader4 for its growing FX trading client base. With the ‘US client‘ trading rules amendment post Dodd Frank Penson has entered into a strategic relationship with a leading Swiss FX bank. Forexmagnates team caught up with Brian King; Vice President of Sales – FX products, to discuss Penson’s current and future growth plans.
Monday, 24/10/2011 | 18:09 GMT by
Adil Siddiqui
The Forex Forum in NYC - 1st November 2011
- The Forex markets haven’t been shy post 2008 Credit Crisis. On the one hand the latest BIS Survey shows the asset class continuing to grow strong; however 2011 saw Central Banks using protectionist strategist to hold brace to their currencies.With the economy still on the sidelines market sentiment is unclear, Euromoney, a research and media organisation, is holding the well awaited Forex Forum 2011 on Tuesday 1st November at the Pierre, New York.
Monday, 24/10/2011 | 17:28 GMT by
Adil Siddiqui
InstaForex and Borussia Dortmund Open New Chapter in Partnership!
- The decision to prolong a fruitful partnership came as no surprise.
Thursday, 02/12/2021 | 13:38 GMT by
InstaForex
China Union Pay suspends credit card processing for forex brokers for at least a month
- This was sent to several forex brokers and is a huge blow to them as it was one of the only available safe methods of accepting money from Chinese clients: I regret to inform you that we received a formal notification from China Pay this morning regarding the suspension of processing for all the Forex business at the China Pay side commencing 1st Nov for about a month’s time.
Monday, 24/10/2011 | 11:37 GMT by
Michael Greenberg
FxStat launches Managedbook - advanced Market Leaders portfolio management
- Managedbook is an innovative service that will allow you to create your own currency portfolio by following as many Market Leaders as you want and choosing the exact currency pairs you want to invest in. The system works by Market Leaders providing signals once they buy or sell a currency, signals that are immediately and automatically executed into their followers’ account (similar to FxStat Tradebook).
Monday, 24/10/2011 | 09:37 GMT by
Michael Greenberg
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