brokers
FXCM Inc Unveils Revised Terms of Leucadia Agreement, Client Funds Down 25%
- Details about the company’s dealings, reveal $332 mln fewer client funds in custody and an increased interest rate cap on the Leucadia rescue loan now at 20.5%, while FXCM can prepay its loan without penalty.
Tuesday, 27/01/2015 | 14:14 GMT by
Victor Golovtchenko
Spotware Systems Incorporates an Autochartist Module Within cTrader
- The Autochartist pattern recognition software is becoming integrated within the platform, delivering a long-standing technical analysis tool to brokers who choose to deliver the service to their clients.
Tuesday, 27/01/2015 | 11:06 GMT by
Victor Golovtchenko
GMO Click Reports Increased Quarterly Revenues and Income
- On the heels of surging forex volumes and client incentive programs, GMO Click reported that Operating Net Income for the quarter ending December 2014 has increased 40% from the same period a year before.
Tuesday, 27/01/2015 | 09:27 GMT by
Ron Finberg
CMC Markets Extends Sponsorship with Australian Super Rugby Champions, the NSW Waratahs
- After sponsoring the NSW Waratahs during their successful campaign to become Australian Super Rugby Champions in 2014, CMC Markets is upgrading its deal to become sleeve sponsors in a two-year deal,
Tuesday, 27/01/2015 | 08:07 GMT by
Ron Finberg
Japan Outperforms Global Units as Monex Group Reports Q3 Results
Tuesday, 27/01/2015 | 07:11 GMT by
Ron Finberg
Exclusive: Boston Prime and BT Prime Enter Bankruptcy Proceedings
- Forex Magnates' reporters have confirmed with a Boston Technologies representative that Boston Prime and BT Prime have entered into a bankruptcy procedure in the aftermath of the Swiss franc debacle.
Monday, 26/01/2015 | 15:23 GMT by
Victor Golovtchenko
Swissquote Partners with Manchester United as Global Sponsors
Monday, 26/01/2015 | 14:52 GMT by
Ron Finberg
Dukascopy Bank Expresses Interest in a Japanese License, Eyes Alpari Japan
- The company is looking into expanding into the lucrative Japanese market in the aftermath of the Swiss franc debacle, where Japanese brokers remained mostly unaffected due to weak interest in Japan to trade CHF.
Monday, 26/01/2015 | 11:26 GMT by
Victor Golovtchenko
King Abdullah's Death Propels An Already "Sheikhy" Oil Price
- With royal uncertainty enough to thrill George R. R. Martin, it’s important to understand Saudi reasoning in order to predict future volatility. Why is Naimi refusing to prop up prices even after a 60% decline?
Sunday, 25/01/2015 | 15:00 GMT by
Kenny Mariasin
Alpari UK Clients Will Be Required to Cover Negative Balances, KPMG Confirms
- The insolvent broker's administrator has issued a F.A.Q document, stating that traders with negative balance "will be asked to pay that money". KPMG has also commented on the execution of Swiss franc.
Sunday, 25/01/2015 | 11:56 GMT by
Ron Finberg
KVB Kunlun Expects a Significant Increase in Revenue and Profit in H2 2014
- The Hong Kong based broker does not provide any exact figures but explains that such a significant increase was due to the increased earnings brought by the upbeat market volatility in the latter part of 2014.
Sunday, 25/01/2015 | 11:46 GMT by
Avi Mizrahi
Should Clients Cover Their Own Negative Balance?
- Our article "Are You Covered? These Brokers Forgive Negative Balance following CHF Crisis" made our guest blogger Ron de Luca raise the question whether traders should be held responsible for the negative balance or not. What is your opinion? Feel free to submit a blog post about this issue. More details can be found at the end of the article.
Sunday, 25/01/2015 | 11:19 GMT by
FMAdmin Someone
Critical Lists Detail the CHF Effects as the Alpari UK Insolvency Saga Unfolds
- Forex Magnates spotlights the past week's top news from around the world at one of the most challenging times for the industry. From compulsory leverage changes to the latest acquisition offers for struggling firms.
Sunday, 25/01/2015 | 11:01 GMT by
Avi Mizrahi
Australia Headquartered Brokerage ThinkForex Obtains FCA License
- London continues its domination in attracting foreign exchange and CFD brokers from all over the world with the reputation of its Financial Conduct Authority regulatory body now being put to the test by the Swissie.
Saturday, 24/01/2015 | 12:29 GMT by
Victor Golovtchenko
US Watchdog Enforces Higher Margins on FX Crosses, 3% on JPY & AUD
- Retail FX brokers in the USA will be adhering to regulatory requirements to increase margin values on certain major and exotic financial instruments. The move comes amid heightened volatility in global markets.
Saturday, 24/01/2015 | 00:39 GMT by
Adil Siddiqui
FXCM Confirms Plans to Sell Non-Core Assets Plus Record FX Volumes Amid Volatility
- Trading activity was in the green at listed broker FXCM as volatility supports trading volumes. The broker also confirmed that it plans to release certain non-core business units in order to cover its rescue loan.
Saturday, 24/01/2015 | 00:04 GMT by
Adil Siddiqui
FXCM Share Buyout on the Table? Charles Schwab Emerges as Possible Suitor
- Charles Schwab Corp has emerged as a darkhorse candidate to buyout shares of FXCM (NYSE:FXCM), following the recent Leucadia lifeline last week, with a premium of $5.25 per share being seen as a plausible figure.
Friday, 23/01/2015 | 19:11 GMT by
FMAdmin Someone
Dukascopy Bank to Embrace 1% Margin on EUR/CHF
- Swiss bank, Dukascopy, is one of the first major forex providers in the country to reinstate its standard margin requirements on the troubled EUR/CHF financial instrument. The revised margins are to return on the 25th of January.
Friday, 23/01/2015 | 18:26 GMT by
Adil Siddiqui
Breaking: Saxo Bank Remains Well Capitalized, Albeit Facing up to $107 Million Losses
- The Danish multi-asset brokerage has issued the full details unveiling the maximum prospective losses it is facing in the aftermath of the Swiss National Bank's move to remove its support from the 1.20 EUR/CHF floor.
Friday, 23/01/2015 | 16:00 GMT by
Victor Golovtchenko
FXCM Board Draws Additional Investigation from Kirby McInerney Law Firm
- In what constitutes standard industry practice, a number of law firms are filing shareholder lawsuits against companies whose value drops massively in a short amount of time, as happened with FXCM.
Friday, 23/01/2015 | 14:51 GMT by
Jeff Patterson
Breaking: FxPro to Launch an MT5 Platform Offering from Metaquotes
- After FxPro became one of the few large true ECN providers to cover losses of its clients in the aftermath of the Swiss franc crisis, it is now adding another platform to its variety of offerings.
Friday, 23/01/2015 | 14:24 GMT by
Victor Golovtchenko
Compagnie Financière Tradition's Fourth Quarter Results up 6.2% YoY
- The Swiss company's results in the fourth quarter of 2014 have improved materially, after volatility across a broad spectrum of financial markets brought in an increased flow of trading volumes.
Friday, 23/01/2015 | 06:47 GMT by
Victor Golovtchenko
Where Do Loyal Middle Eastern Alparites Trade?
- Alpari’s Dubai office has been one of the best performing units in the group with strong capital inflows over the last four years, however, with Alpari UK closed for business where does the office send interested clients?
Friday, 23/01/2015 | 01:06 GMT by
Adil Siddiqui
75% of InteractiveBrokers' Franc Losses from FX Futures, Not Spot FX
- Providing critical details on their forex business in the company's financials conference call, IB addressed what product was the biggest loser, who the largest losers were and the size of their forex business.
Thursday, 22/01/2015 | 22:55 GMT by
Ron Finberg
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