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Regulation
China SAFE to Conduct More Rigorous Checks of FX Businesses
2014-04-23T14:17:18.000+02:00
The PBOC's arm responsible for the FX market, the Chinese State Administration of Foreign Exchnage is raising alarm bells about bank conduct of FX regulations, as the Renminbi hits fresh 14 month lows.
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Expert Insights
Liquidity And Regulation Forcing FX Broker Attrition In US, Canada?
2014-04-22T07:11:58.000+02:00
Whether FX broker attrition is happening is the million dollar question in the North American market right now.
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Exchanges
Binary Options Exchange Nadex Welcomes Group One Futures Trading as Market Maker
2014-04-21T18:15:16.000+02:00
One of the largest privately held options market makers in the U.S. has joined a regulated binary options exchange as binary options gets a boost for the Chicago-based North American Derivatives Exchange.
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Expert Insights
FX Broker Tactics For Marketing In An Underdeveloped Region
2014-04-21T07:03:14.000+02:00
Underdeveloped markets have unique characteristics that call for a change in marketing strategy and fx broker tactics.
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Brokers
IG Markets the Latest Broker to Launch Web TV After Dukascopy and Saxo TV
2014-04-19T17:16:32.000+02:00
Former Bloomberg and BBC presenters Jeremy Naylor and Sara Walker, will be the faces behind IG's newest marketing initiative as it challenges other well known players in the field of broker-run web TV.
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Exchanges
MOEX Says Yesterday's Market Interuption Blamed on Error, Resolved After System Reboot
2014-04-18T14:56:37.000+02:00
Moscow Exchange has today provided the reason for its outage that suspended trading yesterday during a span of a few hours - while the exchange rebooted its systems to remedy the issue related to updating cash limits.
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Brokers
Director Of Sonray Capital Markets Sentenced to Six and a Half Years Jail After $46M Collapse
2014-04-17T08:59:24.000+02:00
The former sole director of the Saxo Bank introducing brokerage, Russell Johnson was sent to Jail for his part in the collapse of Sonray including false accounting, theft, deception and conspiracy to steal.
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Regulation
Sweden's FI Warns of Purported Fictitious Binary Options Exchange GFTrades.com
2014-04-16T21:06:51.000+02:00
The Swedish Financial Supervisory Authority has today warned of Clearskies Group Ltd & Neltom Ltd as not having proper authorisation by Finansinspektionen, and how they solicited investors in Sweden to GF Trades.
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Analysis
“Meet The Experts” Welcomes Its Newest Contributing Expert, Rob Booker
2014-04-16T17:34:51.000+02:00
Forex Magnates’ “Meet the Experts” platform is happy to announce its newest contributing expert, Rob Booker, renowned trader and author, who brings with him a vast wealth of knowledge across the field of retail forex.
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Exchanges
FXSpotStream Partners with BNP Paribas For Its Liquidity Provider Needs
2014-04-16T16:38:30.000+02:00
FXSpotStream LLC, a subsidiary of LiquidityMatch LLC, has announced that BNP Paribas will become the newest liquidity provider for its client base, adding to an already robust list of banks responsible for this service.
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Jeff Patterson
Expert Insights
Customization Settings: A Valuable Element Of Autotrading
2014-04-16T08:55:55.000+02:00
Autotrading platforms enable users to program their trades by reference to certain trading signals generated by other users.
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Leon Yohai
Brokers
Full Speed Ahead: Interactive Brokers Releases Q1 2014 Metrics, Net Revenue Soars 64% YoY
2014-04-15T22:57:02.000+02:00
Interactive Brokers Group Inc. has announced the release of its Q1 financial metrics ending March 31, 2013, highlighted by soaring net revenues of $355 (64% YoY) and robust gains across all other operations.
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Analysis
Lloyds' Global Head Of Spot Forex, Darren Coote Resigns
2014-04-15T17:05:59.000+02:00
Darren Coote, the Global Head of Spot Foreign Exchange at Lloyds Banking Group Plc. has resigned from his position for personal reasons, leaving a notable void in the company’s forex department.
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Expert Insights
Is It Possible To Regulate Retail Forex In The United States?
2014-04-15T15:16:14.000+02:00
The NFA ought to be concerned about and they are not: they should be concerned that traders who get stuck in an fx position cannot hedge it.
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Analysis
Windsor Brokers Launches Back Office IB Portal for Introducers of GWAZY Platform
2014-04-15T12:30:09.000+02:00
Following the hybrid-style platform launched in October, the company has today issued a press release about the new portal to support introducing brokers and partners that wish to offer clients the GWAZY platform.
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Regulation
FSMA Warns BFXoption.com is Out of Options in Belgium
2014-04-14T19:45:33.000+02:00
The Financial Services and Markets Authority (FSMA) of Belgium has alerted the public last week that the company BFXoption is not regulated nor authorized to provide investment services in or from Belgium.
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Expert Insights
Why Prime Of Prime Is The New Prime
2014-04-14T19:01:08.000+02:00
FX PoP brokerage model continues to grow because FX PoPs are able to provide a very tailored level of service to clients.
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Brokers
KCG Reports March 2014 Trade Volumes, FX Rebounds 5.6% MoM
2014-04-14T13:53:33.000+02:00
KCG Holdings Inc., an independent securities firm, has released its monthly trade volumes for March 2014, highlighted by a MoM increase of 5.6% increase in average daily volume for foreign exchange.
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Exchanges
Citic Aquires Stake In Equities And FX Firm BTIG, Expansion Eyed
2014-04-14T09:07:46.000+02:00
China’s largest brokerage Citic Securities Co., has announced the acquisition of a stake in US-based BTIG, a firm offering equities and fx, in its latest bid to secure more exposure amongst international investors.
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Expert Insights
EMIR Reporting And The Trouble With MT4
2014-04-14T08:33:04.000+02:00
For all of the improvements made in MetaTrader 5 and introduced by proprietary trading platforms, MT4 refuses to lie down and die.
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Analysis
Essential Reading: Forex Magnates’ QIR1 2014
2014-04-10T22:59:30.000+02:00
This exclusive research and analysis publication is the most encompassing and in-depth report about the global FX industry available on the market. The new Q1 2014 edition is now officially on its way to our readers.
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Regulation
Officials From Leading Central Banks Gather In Sydney To Address FX Allegations
2014-04-10T19:26:49.000+02:00
A panel of senior fx officials constituting some of the leading central banks will meet in Sydney Friday for an annual meeting, whose focus will likely entail a string of probes alleging charges of fx collusion.
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Expert Insights
Does FX Face The Same HFT Vulnerabilities As Stock Markets?
2014-04-10T11:06:01.000+02:00
The fragmented nature of the global FX market to an extent insulates the industry from having prices manipulated by buy-side HFT systems.
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Brokers
Exclusive: ILQ Chief Executive Talks About What's Next After Exit From U.S. Forex Market
2014-04-09T19:07:39.000+02:00
Following the news that Institutional Liquidity LLC will discontinue its RFED license, Forex Magnates followed up with Jason Tanner, the firms CEO, to find out why the exit came, and what's next for ILQ's future.
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Products
FXCM Launches USD/CNH Pair to Clients As Interest in China's Off-shore Renminbi Builds
2014-04-09T11:00:55.000+02:00
US-based FX Broker listed on the NYSE under ticker symbol FXCM, has today announced the launch of the US Dollar versus the Chinese Yuan, as a pair for clients to trade the offshore Renminbi as interest in it grows.
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