Australia
Hattrick for ASIC: Three Large Firms Censured For Incorrect Handling Of Client Funds
- Australia's national regulatory authority ASIC has today announced that it has censured three large firms for failing to adhere to rulings with regard to segregation of client funds, resulting in a penalty and an EU.
Tuesday, 17/12/2013 | 07:43 GMT by
Andrew Saks McLeod
Life After PFG: Richard Clarke Appointed CTO At Direct FX Trading
- Richard Clarke becomes CTO at Direct FX Trading post-PFG.
Wednesday, 13/11/2013 | 06:51 GMT by
Andrew Saks McLeod
Commonwealth Bank is offering online checkout solution
Sunday, 03/11/2013 | 00:00 GMT by
FMAdmin Someone
Pepperstone IPO Chatter Getting Louder with Hiring of Berkshire Capital
- Chatter of possible Pepperstone IPO grew as the broker has contracted Berkshire Capital, a New York based investment bank that provides services to the Australian market through its local Sydney office.
Wednesday, 23/10/2013 | 09:01 GMT by
Ron Finberg
PayPal encourages online business though education
Thursday, 17/10/2013 | 00:00 GMT by
FMAdmin Someone
Former Director Of Sonray Capital Markets Faces Jail For Part In $46M Demise
- ASIC announces end to the high-profile case involving failed Australian introducing broker, Sonray Capital Markets, at one time one of the nation's largest white labels and referrer of business to Saxo Bank.
Wednesday, 02/10/2013 | 11:00 GMT by
Andrew Saks McLeod
Binary Options Update - Development Decisions: In-House vs External Platforms?
- To develop or not to develop? That is the question. Lionstone Investment Services has today announced that it has developed its own in-house binary options platform, to integrate with the MetaTrader 4 platform.
Tuesday, 01/10/2013 | 16:19 GMT by
Andrew Saks McLeod
$439 Million OzForex IPO Sparks Speculation Down Under - Will Pepperstone Be Next?
- After a two year lull during which financial sector IPOs in Australia were few and far between, OzForex, a deliverable FX firm based in Sydney will list for $439 million, raising the question as to which firm is next.
Monday, 23/09/2013 | 09:53 GMT by
Andrew Saks McLeod
Trade Repository Registrations Take A Step Back In Europe As ESMA Delays Final Date
- The European Securities and Markets Authority has today announced that it is pushing back the implementation timeline relating to the instigation of trade repositories in Europe.
Monday, 16/09/2013 | 16:19 GMT by
Andrew Saks McLeod
TradeSmarter Takes Stock of Future With Offer of $3 Million in Funding
- After 3 and a half years without investment, TradeSmarter has spoken to Forex Magnates in order to detail its means of moving forward, including potential investment of $3 million from a major FX firm and new corporate direction.
Tuesday, 03/09/2013 | 10:25 GMT by
Andrew Saks McLeod
All Together Now.... 11 Regulators Submit OTC Derivatives Cross-Border Report To G20
- In the worldwide quest to standardize the means by which OTC derivatives are regulated across all nations, eleven regulatory authorities submitted a report on regulatory matters to the G20 Committee on August 30.
Sunday, 01/09/2013 | 14:23 GMT by
Andrew Saks McLeod
Interactive Brokers Retracts Margin Loan Facility Following Breach Of ASIC License Terms
- Interactive Brokers has ceased providing its Australian clients with margin lending after surveillance by ASIC unearthed concerns that the company's license does not permit the extension of credit.
Wednesday, 28/08/2013 | 10:21 GMT by
Andrew Saks McLeod
Manage Your Risks, Mate! RocoForex Forced To Submit To Additional Conditions By ASIC
- Australia's regulatory authorities continue reap value from its surveillance systems in unearthing compliance irregularities. Today, ASIC imposed additional license conditions onto RocoForex for risk management inadequacy.
Monday, 26/08/2013 | 07:50 GMT by
Andrew Saks McLeod
MasterPass maximizes its influence in Australia with 16 new partnerships
Thursday, 22/08/2013 | 00:00 GMT by
FMAdmin Someone
ASIC Releases Sixth Supervision Report - Surveillance On The Agenda
- Australian financial markets regulator ASIC has released its sixth market supervision report today, further demonstrating its continued efforts to apply strict rulings to all firms which operate under its jurisdiction.
Wednesday, 21/08/2013 | 09:44 GMT by
Andrew Saks McLeod
MetaTrader Continues Its Retail Dominance; ThinkForex Explains The Need For Diversity
- MetaTrader 4 has enjoyed a clear run of the retail FX market for a number of years, however although it remains a benchmark among retail traders, there is an increasing demand for other platforms. ThinkForex details why.
Friday, 16/08/2013 | 12:41 GMT by
Andrew Saks McLeod
Binary Options Equaling Higher Forex Volumes at Vantage FX
- Vantage FX has reported that binary options volumes quadrupled during the past quarter. The firm also added that traditional forex volumes rose 41% as well due to clients trading multiple products after beginning to trade with the broker.
Tuesday, 30/07/2013 | 09:37 GMT by
Ron Finberg
Exclusive: FX Firms Experiencing Arbitrage In Far Eastern Markets Due To Abuse Of Bonus Credits By Traders
- According to Forex Magnates research, a recent trend has developed in which FX brokers wishing to attract Far Eastern clients are offering large credits, and in doing so, exposing themselves to potentially catastrophic arbitrage.
Thursday, 25/07/2013 | 09:02 GMT by
Andrew Saks McLeod
DMM FX Australia – More Information on Their Upcoming Launch
- Last week we wrote that Japanese DMM Securities, the world’s second largest retail broker by volume, was on its way to launching an Australian subsidiary, DMM FX. Today we have more details about the upcoming launch.
Tuesday, 23/07/2013 | 12:51 GMT by
Ron Finberg
Breaking: Japanese Expansion Continues, DMM Securities Launching Australian Division DMM FX
- MM Securities, the world’s second largest retail broker by volume has secured an ASIC license and will soon be launching DMMFX.COM.AU. DMM FX will feature FX and CFDs as well as binary options trading within its brand.
Thursday, 18/07/2013 | 19:38 GMT by
Ron Finberg
Invast Securities Launches Australian Licensed Brokerage
- Japanese Invast Securities is today announcing the launch of its Australian, ASIC licensed brokerage. As reported by Forex Magnates in February, Invast had secured an ASIC license earlier in the year.
Wednesday, 17/07/2013 | 07:03 GMT by
Ron Finberg
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