forex
Thomson Reuters Average Daily Volumes Wane -7.2% Month-to-Month in November
- Thomson Reuters has just released its monthly volumes ending November 2014, characterized by a total average daily volume (ADV) of foreign exchange trading at $347 billion, falling -7.2% MoM from October.
Thursday, 11/12/2014 | 15:49 GMT by
Jeff Patterson
FX Veteran Graeme King Lands at Commonwealth Bank of Australia
- Longtime foreign exchange veteran Graeme King has joined the Commonwealth Bank of Australia (CBA) as a senior spot trader after leaving Royal Bank of Canada (RBC) Capital Markets in February.
Thursday, 11/12/2014 | 00:03 GMT by
Jeff Patterson
ISAM's IS Prime Set to Offer Hedge-Fund's "Powerful Tools" for Institutional Forex
- After launching IS Prime Jonathan Brewer and Raj Sitlani discuss the advantages of a brokerage incepted by a hedge fund, citing several unique offerings they are poised to deliver to the institutional forex space.
Wednesday, 03/12/2014 | 10:50 GMT by
Jeff Patterson
FFAJ Releases Quarterly Figures, Trading Volume Jumps 27.7% QoQ
- The FFAJ has released its Quarterly statistic report on domestic and international transactions for the Q2 (July – September 2014), highlighted by a 27.7% jump in on-exchange trading volume.
Friday, 28/11/2014 | 06:49 GMT by
Jeff Patterson
EBS Appoints Bill Marsden as Newest G10 Currencies Head
- Longtime FX industry veteran, Bill Marsden has reportedly joined EBS as its newest G10 Currencies Head, who will be based out of London where he will be tasked with the development of G10 currencies market share across all EBS’ platforms.
Tuesday, 25/11/2014 | 15:17 GMT by
Jeff Patterson
TraderTools Partners with Solid FX in Bid to Secure Liquidity Provisions
- FX technology company and provider TraderTools, has integrated Solid FX’s non-bank liquidity capabilities, helping bolster its FX trading platform, whilst adding to a growing number of liquidity providers.
Tuesday, 25/11/2014 | 09:55 GMT by
Jeff Patterson
The Industry Elite Gathers In London as Fortress Prime Eyes FCA Regulation
- At the heart of this week’s “Best Stories” edition are the panels, launches and awards held at the forex industry's top event, along with notable regulatory updates from Fortress Prime and EZTrader.
Saturday, 22/11/2014 | 22:30 GMT by
Jeff Patterson
KVB Kunlun on the Verge of a Takeover as Share Price Volatility Remains Elevated
- KVB Kunlun is on the brink of a takeover as one of its founders prepares to sell a 50% stake. However, with inside information being leaked, share price turbulence has put a spanner in the works.
Friday, 21/11/2014 | 07:15 GMT by
George Tchetvertakov
Day 2: Forex Magnates London Summit Concludes, Award Winners Revealed
- Day two of the 2014 Forex Magnates London summit finished yesterday, capping off a highly successful event that resulted in the coalescence of key executives from every corner of the industry.
Thursday, 20/11/2014 | 06:00 GMT by
Jeff Patterson
MoEx Reports Solid Financial Performance Figures for Q3 2014
- Moscow Exchange reports stellar improvements in financial performance driven by an up tick in trading activity over the past few months. Impressively, the venue was able to mitigate the geo-political effects of a weaker RUB and weak investor sentiment.
Wednesday, 19/11/2014 | 10:30 GMT by
George Tchetvertakov
ICAP Announces Mixed Half Year Financial Results as Moody Markets Take Toll on Revenues
- One of the most prominent and market dominant market players, ICAP has published lukewarm financial results, largely affected by swings in market volatility since the start of 2014.
Wednesday, 19/11/2014 | 08:34 GMT by
George Tchetvertakov
Goldman Sachs Dismisses Sterling Trader for Prior FX Market Misconduct
- Goldman Sachs decides to mitigate risks by terminating a currencies trader holding a smoking gun. With so many counts of misconduct found by regulators, Frank Cahill may not be the first benchmark pirate to walk the plank.
Wednesday, 19/11/2014 | 04:28 GMT by
George Tchetvertakov
Australia and China Sign Historic Free Trade Agreement as Businesses Rejoice
- Australia has agreed to the closest trade ties with China compared to any other region aside from HK and Macau. With negotiations concluded, the agribusiness revenue frenzy can commence subject to Parliamentary and JSCOT approval.
Tuesday, 18/11/2014 | 05:24 GMT by
George Tchetvertakov
FX Fixing Window Set for Widening to Reduce Propensity for Market Manipulation
- As various proposals are implemented to reduce the propensity for FX manipulation, WM Company takes the simple step of widening the fixing window to 5 minutes. Does a wider window reduce the chance of collusion?
Tuesday, 18/11/2014 | 02:51 GMT by
George Tchetvertakov
Discretionary CFD Broker Terminated by ASIC, Director Banned for Second Time
- ASIC terminates one CFD broker, bans its Director and warns against a margin foreign-exchange broker YoutradeFX operating without a license. The regulator's battle for compliant market practises continues.
Tuesday, 18/11/2014 | 01:26 GMT by
George Tchetvertakov
Another Bout of US Dollar Strength Mixed with Commodity Weakness
- Ongoing macroeconomic and geopolitical themes are pushing several asset classes to multi-year highs (lows) and causing significant angst amongst investors.
Monday, 17/11/2014 | 05:50 GMT by
George Tchetvertakov
Banks Face Judgment Day As FXCM Strengthens US Market Foothold
- This week’s “Best Stories” edition explores the true meaning and possible consequences of the much awaited FX rates manipulation fines, along with interesting findings from CFTC's September retail fx report.
Saturday, 15/11/2014 | 22:01 GMT by
Jeff Patterson
Ukraine Raises Interest Rates to 14%, Stemming Capital Outflows and Forex Devaluation
- As the geo-political conflict between Russia and the Ukraine intensifies, both the Rouble and the Hryvnia are suffering via capital outflows. In Ukraine's case, raising interest rates is like fighting a rising tide with a bucket.
Thursday, 13/11/2014 | 03:00 GMT by
George Tchetvertakov
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