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BNY Mellon reaches partial settlement in its civil suit
- As was reported only a week ago BNY Mellon which was expected to settle has indeed partially settled the civil lawsuit launched against it by the NY States Attorney. As part of the settlement agreement BNY agrees to actually disclose how it executes transactions, refrain from certain representations and provide a comparison mechanism for pricing.
Wednesday, 18/01/2012 | 12:18 GMT by
Michael Greenberg
TCG World Co-Hosting The Metaverse Expo 2022, Las Vegas
- TCG World has partnered with Shark Tank backed Jigsaw Puzzle International Convention.
Thursday, 12/05/2022 | 11:20 GMT by
TCG World
FXCM reports December 2011 monthly metrics
- FXCM just reported its December 2011 metrics and also metrics for the full 2011 year. As expected volume in December was substantially lower than in November. The reason for this is both the holidays slowdown and relatively low volatility in the currency markets. December 2011 was more than 20% higher than December 2010 which shows FXCM's year on year growth.
Tuesday, 17/01/2012 | 21:38 GMT by
Michael Greenberg
FXPro shows strong volumes in 2011
- 2011 saw record volumes traded with the likes of Hotspot and EBS, volatility helped volumes grow however the credit crunch put pressure on brokerages and we saw US based Interbank FX get taken over by Monex. None the less brokers like FXCM, IG and FXPro have been continuing to show strong results.
Tuesday, 17/01/2012 | 13:58 GMT by
Adil Siddiqui
Leverate obtains CySec license
- Just like Boston Technologies announced FSA license for its Boston Prime prime brokerage two weeks ago so just did Leverate with a CySec license. We announced that Leverate is about to obtain such a license on our Linkedin group few days ago.
Tuesday, 17/01/2012 | 10:05 GMT by
Michael Greenberg
Plimus to stop processing forex related products
- Plimus is one of the largest processing and affiliate networks on the internet. Plimus rivals Clickbank, the biggest affiliates processing network, in processing various e-commerce digital products like ebooks, games, mobile apps and more. Those networks rival the large number of affiliate that use their services to further promote products offered through their sites.
Monday, 16/01/2012 | 13:04 GMT by
Michael Greenberg
Metatrader5 receives Singapore Mercantile Exchange certification
- Metaquotes launches Metatrader5 as its big hope in breaking into the exchanges market. Metatrader5 in general wasn't supposed to replace Metatrader4 but help Metaquotes tap the exchanges market while in parallel continuing to control the retail forex one. Metatrader5 is still a buggy product and is more than a year in beta without any significant forex broker launching it live. It is available for live trading at couple of small brokers.
Friday, 13/01/2012 | 12:14 GMT by
Michael Greenberg
Wintrado Integrates Centroid Solutions’ Bridge and Risk Management Engine
- The strategic partnership helps extend Wintrado's offering for professional clients.
Wednesday, 11/05/2022 | 10:16 GMT by
Wintrado
US retail forex capital grew by $3 million in November 2011
- US retail forex capital held by FCMs, RFEDs and FCMRFDs - per CFTC's definitions - grew by most $3 million in November. These deposits describe the amount of retail forex funds held by American brokers - this may include funds not only from American clients.
Friday, 13/01/2012 | 11:59 GMT by
Michael Greenberg
Bangladesh speaks out against online Forex Trading
- Bangladesh one of the 'next eleven' markets (Goldman Sachs view on next economic growth area) has seen a rise in online speculative FX trading in the last two years, driving concerns that retail investors are not prepared for the risk involved.
Friday, 13/01/2012 | 08:49 GMT by
Adil Siddiqui
CFTC issues an injunction against InstaTrade Corporation and ZTRADEFX LLC
- Instatrade Corporation, aka Insta Forex, and Ztradefx LLC were two of the 14 firms sued by the CFTC early last year. Ever since most firms didn't bother to settle with the CFTC but some did. Last week we saw that FXOpen settled the case with the CFTC paying $140,000 fine.
Thursday, 12/01/2012 | 13:59 GMT by
Michael Greenberg
BNY Mellon may settle as part of the Federal Forex suit
- After months of controversy surrounding issues over foreign exchange transactions, BNY Mellon, the world's largest custody bank, is continuing to work toward a settlement as part of a lawsuit filed by federal prosecutors.
Thursday, 12/01/2012 | 13:37 GMT by
Michael Greenberg
Chicago prepares for FX forum- 12 January Mid America Club
- Chicago’s Mid America Club welcomes Mankoff Company’s exciting discussion affecting the financial markets. The much awaited event will be taking place tomorrow - 12th January at the prestigious Mid America Club where market professional will be sharing their views on what’s to come in the markets.
Thursday, 12/01/2012 | 12:58 GMT by
Adil Siddiqui
RBI wary of Foreigners playing with Rupee
- India’s central bank has warned foreign banks trading in the Indian Rupee and causing market turmoil as the rupee hits new lows amid foreign banks speculative trading. The rupee has depreciated in the BRIC nation as inflation and interest rates are hurting the economy.
Thursday, 12/01/2012 | 08:20 GMT by
Adil Siddiqui
FXCubic Announces the 1st FXCubic Mini-football Tournament
- The top 3 winners of the tournament will be awarded trophies and medals.
Wednesday, 11/05/2022 | 09:04 GMT by
FXCubic
Who wants to be a Forex Millionaire
- Trading Point, a Cyprus based broker claims they have paid out $1 million to a client who deposited $25,000 a couple of months earlier. It is apparent that trader Chris Wheeler an experienced trader started trading with the broker with twenty-five thousand dollars in July 2011, and made request for a withdrawal of one million US dollars in September.
Thursday, 12/01/2012 | 07:14 GMT by
Adil Siddiqui
FXCM launches Canadian offering through Friedberg Direct
Wednesday, 11/01/2012 | 21:50 GMT by
Michael Greenberg
myfxbook launches a spreads comparison engine
- We reported about this trend almost two years ago here as we've noticed an influx of sites with various spread comparison engines. One of the first to enter the market was FX Intelligence which managed to place itself on several broker websites like MB Trading's and others. The conclusion two years ago was this:
Tuesday, 10/01/2012 | 14:11 GMT by
Michael Greenberg
BT Prime Receives FSA Authorization and Announces Name Change to Boston Prime
- This is the official announcement by BT regarding what was announced here last week: Boston Technologies prime brokerage arm BT Prime received an FSA license. BT is also renaming BT Prime to Boston Prime - definitely a more attractive name. The new license will allow BT to start accepting more established clients who'll want to tap into its liquidity and thus increase its volume.
Tuesday, 10/01/2012 | 10:37 GMT by
Michael Greenberg
Vantage FX adds to its EA lab
- Vantage FX a leading FX broker offers traders an exhaustive list of Expert Advisors which are tested by the broker. The London-based Forex trading dealer has added Oscillator Had EA and Average True Range EA to its exclusive Expert Advisor Lab.
Tuesday, 10/01/2012 | 08:10 GMT by
Adil Siddiqui
CMC Markets – Lumber Tops Out for Volatility, Again
- Other asset classes broadly subdued leading to exaggerated action in cryptos.
Tuesday, 10/05/2022 | 16:12 GMT by
CMC Markets
Swiss National Bank Chairman resigns
- After much criticism the SNB chairman Philipp Hildebrand has finally resigned. The chairman was facing criticism after his wife had benefited from foreign exchange dealing where she purchased and sold CHF against the greenback for a profit when the SNB intervened in the currency.
Tuesday, 10/01/2012 | 07:41 GMT by
Adil Siddiqui
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