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Exclusive: ILQ Acquires Velocity Futures
2013-09-28T22:30:23.000+02:00
ILQ, a leading institutional FX provider has acquired Velocity Futures, LLC a US based Futures Commission Merchant. Velocity Futures made the announcement in an email to its clients.
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Australian Direct FX Launching Binary Options on MT4
2013-09-27T11:30:43.000+02:00
Australian Direct FX, has become the newest FX broker to begin offering binary options, providing it to clients directly on the MetaTrader 4 platform. The offering uses the FX Lite technology from TradeToolsFX
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Executive Interview: Matthew Atherton, Managing Partner, TPG
2013-09-27T08:50:31.000+02:00
Carving out a market share which is substantial enough to make the business of an Introducing Broker a feasible endeavor is not an easy task. Matthew Atherton, Managing Partner of TPG explains his philosophy.
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Macau to Embrace iFX EXPO Asia The Largest Financial B2B Exhibition in January 2014
2013-09-27T08:00:19.000+02:00
Asia welcomes the largest financial business to business event for a second year. iFX EXPO Asia 2014 is expected to attract over 2,000 attendees to the Venetian Macau Resort Hotel on January 22nd and 23rd, 2014 for an unmissable event.
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City Index Makes Managerial Changes, COO Simon Bird Departs
2013-09-26T20:14:14.000+02:00
Forex Magnates has learned that City Index’s Chief Operating Officer will be leaving the firm. Simon Bird is moving on from his position at the broker, he joined in the midst of the crisis in 2008 from Bear Stearns.
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Saxo Bank Launches New Exotic Crosses, Specialises in Gold Pairs
2013-09-25T20:01:15.000+02:00
Saxo bank has launched four new financial instruments as it expands its overall foot print in multi asset class trading. Among the four crosses is; Gold versus the Turkish Lira, an interesting and unique offering.
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ICAP Releases Six-Monthly Statement - Revenue Down 1% YoY
2013-09-25T15:53:38.000+02:00
ICAP has today released its half-yearly report, detailing a 1% decline in revenue for the entire group compared with the same period during last year. BrokerTec volumes averaged $215 billion per day.
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M&A Activity Continues! Swissquote Acquires MIG Bank
2013-09-25T08:33:59.000+02:00
In what is proving to be a week of M&A activity, Swissquote has today announced its outright purchase of MIG Bank with a view to strengthen its expansion program.
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CFTC Approves FX SEFs - Integral and 360T
2013-09-25T01:17:26.000+02:00
US regulator, the Commodity Futures Trading Commission (CFTC) has announced that it has approved Integral's Swap Execution Facility, the CFTC granted INFX SEF Inc temporary registration. FX ECN, 360T was also granted SEF approval.
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Diversification On The Agenda - OANDA Purchases Social Trading Network Currensee
2013-09-25T00:00:56.000+02:00
OANDA, one the handful of retail FX firms still operating in America, has today announced that it is to purchase Currensee, alluding to a potential need for diversification of service offering to stay in the market.
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GAIN Capital Completes GFT Acquisition - $40 million in Cash Plus Extras
2013-09-24T21:48:16.000+02:00
GAIN Capital has confirmed that it has completed the acquisition of GFT in one of the most exciting buyouts of the year. GAIN paid $40 million in cash, issued 3.6 million shares of GAIN Capital’s stock and a $33 million 5-year seller note.
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Spreadex Heads For The Clouds - Invests £1.2 million In Privately Hosted Platform
2013-09-24T19:52:31.000+02:00
British spread betting company Spreadex has today announced that it has entered a strategic partnership with Computacenter in order to provide the company with a private cloud environment to safeguard transactions.
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InterTrader Direct Launches Spread Betting On MT4 Platform
2013-09-24T15:12:39.000+02:00
FX companies in Britain have stuck tenaciously to their bespoke spread betting and CFD platforms, until recently. InterTrader Direct is the latest to offer the mainstream MetaTrader 4 platform, today announcing its launch.
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Monex Announces Dividend Forecast For Fiscal Year Ending March 31, 2014
2013-09-24T08:12:34.000+02:00
Japanese FX company Monex Group has today announced its divident forecast for the fiscal year ending March 31, 2014. The interim dividend per share is 1,100 Yen, ten times more than that of the previous year.
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New gaming regulations for Ireland
2013-09-24T02:00:00.000+02:00
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Italy not allowed to block online poker
2013-09-24T02:00:00.000+02:00
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FXCM Aqcuires Controlling Stake In FX Intelligence Firm Faros Trading LLC
2013-09-23T14:50:55.000+02:00
FXCM has announced that it has acquired a 50.1% interest in FX intelligence, market coverage, and institutional FX execution services provider Faros Trading LLC, demonstrating an increasing focus on acquisitions.
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$439 Million OzForex IPO Sparks Speculation Down Under - Will Pepperstone Be Next?
2013-09-23T11:53:17.000+02:00
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.
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Status Symbol That Never Was - Web Of Deceit Surrounds MMA Group's Bogus Airline
2013-09-22T16:09:36.000+02:00
MMA Group's scheme which bilked many customers out of substantial sums of money did not end with a straightforward FX scam. The firm also used disreputable tactics to promote its airline, which has no CAA license.
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FXCM Adopts Retail FX Accounts From Alpari US
2013-09-21T00:56:37.000+02:00
FXCM will obtain MetaTrader 4 accounts from Alpari US LLC. The US division of Alpari Group, a global financial services firm announced today that it will be withdrawing from the retail trading environment in USA.
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Alpari US Speaks-Out About its New Strategy for the US Market
2013-09-20T21:09:16.000+02:00
Alpari US has decided to restructure its brokerage business in the United States. The move comes on the back of continued pressure by regulatory authorities as they drive out business from one of the largest FX markets in the world.
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Exclusive: Alpari to Exit US Market
2013-09-20T16:51:37.000+02:00
Forex Magnates has learned that Alpari is exiting the US market and will be withdrawing its FCM registration with the NFA. According to sources, US accounts will be transferred to FXCM.
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Executive Interview: Lior Nabat, Tradency's CEO Discusses Dynamics of Social Trading
2013-09-20T08:04:26.000+02:00
The entire concept of social trading has become quite a developed ancilliary component in FX trading, and a useful means by which retail FX firms can increase volumes. Tradency CEO Lior Nabat details today's burning issues.
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Alpari RU Monthly Volumes Average $134 Billion - January to August 2013
2013-09-18T19:09:56.000+02:00
Alpari RU, a FX brokerage firm has announced trading volumes for the period of January to august 2013, the firm saw record trading volumes for the month of July where the firm traded in excess of $150 billion dollars.
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No More Records as GAIN Capital August Volumes Lower
2013-09-17T15:03:10.000+02:00
GAIN Capital announced its metrics for August. During the month, retail volumes fell 13.1% MoM to $123.1 billion, but were 30.9% above the same period last year. Similarly, institutional volumes fell 23% during the period.
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