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eToro and IronFX Bolster Their UK Units as Industry IPO Chatter Rises
- London continues to be the hub of the FX world, not only for the interbank market but for retail a well. Case in point has been the flock of brokers establishing a presence in the country to increase their brand appeal.
Thursday, 12/06/2014 | 16:58 GMT by
Ron Finberg
As FCA Defends HFT and SEC Goes Neutral, “Big Tobacco Lawyer" Steps into the Ring
- Regulators have adopted a mild approach, but the lawyer who made Big Tobacco companies pay billions has filed a class action lawsuit against exchanges who allowed front running. His name, by the way, is Michael Lewis.
Monday, 09/06/2014 | 20:27 GMT by
Victor Golovtchenko
Exclusive: Mitch Eaglstein is Appointed CEO of Fortress Prime
- A month after leaving Boston Technologies Mitch Eaglstein is back with full swing, leading Fortress banking’s dubai-based prime brokerage division. The affiliate company's equity is close to $130 Million.
Friday, 06/06/2014 | 13:41 GMT by
Victor Golovtchenko
Exclusive: eToro Solidifies UK Operations with Appointment of Paul Chrimes as Director
- Since become licensed by the FCA in 2013, social trading broker eToro has been migrating its operation towards the UK. Solidifying their presence in the country, they have appointed Paul Chrime as UK Director.
Monday, 26/05/2014 | 11:20 GMT by
Ron Finberg
X Open Hub Adds Multi Account Management & IB Modules to Its XOH Trading Platform
- XOH has added the xMAM and xIB modules to its open trading platform environment, to better cater to brokerages and their respective money managers and introducing brokers, with additional tools and functionality.
Monday, 19/05/2014 | 19:25 GMT by
Steven Hatzakis
ICAP Launches Its Trans-Atlantic SEF, Regulated by Both CFTC and FCA
- The world's largest broker responsible for interbank transactions has unveiled its SEF offering today which could help alleviate the liquidity-squeeze effects caused by different regulatory environments.
Thursday, 15/05/2014 | 15:09 GMT by
Victor Golovtchenko
RP Martin Fined by CFTC and FCA, over Yen Libor Manipulation, Totaling $2.2M in Penalties
- RP Martin Holdings Limited, and subsidiary Martin Brokers (UK) Ltd were fined a total $2.2M, of which $1.2M was announced by the CFTC today, and the other $1M equivalent (£630K) by the FCA today over Yen LIBOR case.
Thursday, 15/05/2014 | 14:09 GMT by
Steven Hatzakis
Global Head of Foreign Exchange at Deutsche Bank Kevin Rodgers to Retire in June
- With the banking foreign exchange industry in dire straits, hobbies and academic interest take hold for Mr Rodgers after loyally serving for more than 15 years at the biggest German bank by assets.
Monday, 28/04/2014 | 23:57 GMT by
Victor Golovtchenko
Executive Interview: Amana Capital CEO Ahmad Khatib on FCA License Value in the Middle East
- Subsidiary Amana Financial Services UK Ltd. has been authorised by the FCA, making it one of the first middle eastern brokers to strengthen its brand position in a market where client awareness is growing rapidly.
Saturday, 26/04/2014 | 19:33 GMT by
Victor Golovtchenko
The FX Corporate Identity Theft Trend Continues, FCA Warns About Another Clone
- Scammers are giving out some of the details of MN Financial Services Ltd., a former Appointed Representative Firm, to trick victims. This is the latest warning about a growing trend of "cloning" FX firms.
Wednesday, 23/04/2014 | 20:33 GMT by
Avi Mizrahi
FCA Crushes Hope, Rules On Fraudulent FX Scheme Worth $9.4 Million
- The Financial Conduct Authority is presently arbitrating a case against London resident, Alex Hope, orchestrator of a fraudulent forex scheme that is estimated to have duped clients out of approximately $9.4 million.
Wednesday, 23/04/2014 | 18:47 GMT by
Jeff Patterson
Exclusive: WorldWideMarkets Obtains FCA Authorization, Targets Professional Clients
- The company's core is formed by a big part of the team that co-founded FX Solutions, headed by former co-CEO Thomas Plaut and principle architect of the Global Trading Solutions (GTS) platform Ronald Andriulli.
Thursday, 17/04/2014 | 15:07 GMT by
Victor Golovtchenko
BCS Appoints Ex-BofA Merrill Lynch MD Max Hayden as Head of Business Development
- The latest person to head BCS Financial Group's new business development efforts brings a nearly 30 year career holding senior roles in financial services including in Foreign Exchange related positions.
Tuesday, 15/04/2014 | 11:20 GMT by
Steven Hatzakis
EMIR News: European Commission Asks FX Related Companies for Input
- All firms which are active in the trading of FX spot and derivative contracts are invited by the EC to submit their input about where should the boundary between an FX financial instrument and a spot FX contract be.
Monday, 14/04/2014 | 14:55 GMT by
Victor Golovtchenko
Henyep Capital Markets Ltd. Launches FCA-Licensed HY Binary Options
- UK-based Henyep Capital Markets Ltd. has announced the launch of HY Binary Options, a fully regulated and FCA-licensed company - the first such regulated entity since Alpari's exit from the industry.
Friday, 04/04/2014 | 12:17 GMT by
Jeff Patterson
FCA Releases Business Plan for New-Year, Outlining LIBOR Oversight and New Responsibilities
- The UK’s Financial Conduct Authority (FCA) has announced its new methodology for examining traders’ behaviors in an effort to curb the risk of benchmark manipulation, part of its overall Business Plan in 2014.
Monday, 31/03/2014 | 09:38 GMT by
Jeff Patterson
FCA Goes on Warning Spree: Clone Website, Unregulated Broker and Traders in Line of Fire
- The Financial Conduct Authority has just made several announcements, two including traders it warned surrounding benchmark rigging cases, and warned of a fake clone website, and a firm not regulated in the UK.
Thursday, 27/03/2014 | 15:44 GMT by
Steven Hatzakis
Regulatory Changes Coming Amid Vulnerabilities in FX, Swaps Compliance
- Lingering questions into the regulation of swaps and fx transactions have revealed vulnerabilities in oversight, leading to speculation that a series of changes may be on the horizon from the CFTC.
Monday, 24/03/2014 | 08:34 GMT by
Jeff Patterson
FX Fixing: FCA Might Have Uncovered Evidence against the BoE
- Investigators representing UK’s Financial Conduct Authority (FCA) might have gotten their hands onto crucial evidence that exposes Bank of England’s role in the imploding FX fix manipulation scandal.
Wednesday, 19/03/2014 | 22:55 GMT by
Victor Golovtchenko
ASIC Launches Investigation into Aussie Markets over Forex Manipulation
- The list of global regulators investigating the manipulation of fx rates in a $5.3 trillion-dollar-a-day industry has continued, with recent news of ASIC joining the probe in examining Australian markets.
Wednesday, 19/03/2014 | 11:09 GMT by
Jeff Patterson
Exclusive: Japanese FX Broker Makes 'Yet Another Hierarchical Officious OPENING' Launches UK Subsidiary
- One of Japan's largest brokerage firms has joined the international band wagon by launching its UK licensed operation. London welcomes Gulliver FX, a subsidiary of Tokyo based YJFX, as it plans to become a truly global provider.
Friday, 14/03/2014 | 18:54 GMT by
Adil Siddiqui
CySEC Warns Against Imposter Websites Silicon Valley Markets and FXTTCM
- CySEC has issued a press release warning against two imposter websites, one of which has copied regulated Liquid Markets’ design, replacing the logo with its own branding, the other one in Chinese.
Friday, 14/03/2014 | 15:50 GMT by
Victor Golovtchenko
FCA Issues First Opinion on Copy Trading, Questions Still Remain (Part 1)
- Following an opinion on the matter from ESMA in 2012, the UK’s Financial Conduct Authority (FCA) has issued a letter to brokers providing their opinion on copy trading. Part one look of what is coming.
Friday, 14/03/2014 | 13:29 GMT by
Ron Finberg
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