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Executive Moves
Safecap (Markets.com) Hires Eyal Wagner as CEO, as He Departs Post at Leverate CY (Cyprus)
2013-11-15T18:09:14.000+02:00
We have learned of a senior executive move within the Foreign Exchange industry, with a departure from a enterprise technology focused provider of brokerage solutions, to an online brokerage firm within the same region.
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Analysis
Exclusive: FXOpen Launches UK site after Successful Regulation with FCA, Full Story
2013-11-15T15:33:26.000+02:00
With entities regulated in New Zealand, Australia and now the United Kingdom, the latest forex broker to launch a website in the esteemed financial capital of foreign exchange trading speaks with Forex Magnates.
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Brokers
Executive Interview: Luis Sanchez, VP & Head Of Institutional Sales, Dukascopy Bank
2013-11-15T08:41:51.000+02:00
Selecting an effective sales model is an important matter for all FX companies to consider. Dukascopy Bank's Head of International Sales Luis Sanchez goes into intricate detail on white label partnerships.
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Technology
KCG's October FX Volumes On The Up: $1.1bn Increase MoM
2013-11-14T15:16:15.000+02:00
KCG Holdings Interbank dealing platform division Hotspot FX has today released its figures for October 2013, which in congruence with the steady performance among interbank ECNs showed a $1.1 bn increase in ADVs.
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Technology
Traiana Broadens Eastern Expansion: Announces Opening Of Singapore Operations
2013-11-14T11:13:38.000+02:00
Traiana has today announced that it has made a further step in its expansion in the Asia Pacific region by opening an office in Singapore, adding to existing Hong Kong and Tokyo facilities.
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Brokers
Alpari UK CEO Daniel Skowronski Resigns, David Hodge Assumes Post
2013-11-13T16:41:22.000+02:00
Alpari UK has today announced the appointment of David Hodge as CEO of the company's UK operations, whilst existing encumbent Daniel Skowronski tenders his resignation following a successful tenure at the top.
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Executive Moves
Life After PFG: Richard Clarke Appointed CTO At Direct FX Trading
2013-11-13T08:51:04.000+02:00
Richard Clarke becomes CTO at Direct FX Trading post-PFG.
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Regulation
Californian FX Fraudster Ordered To Pay $17 Million In Penalties, Plus Jail Term
2013-11-12T22:27:46.000+02:00
The US Commodity Futures Trading Commission has today announced that it has obtained a federal court order against FX fraudster Lyndon Parilla, who must pay $17 million, plus sit out a 97 month jail term.
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Analysis
And The Winners Are....! Forex Magnates 2013 Award Ceremony Results
2013-11-12T21:34:17.000+02:00
Concluding the Forex Magnates London Summit this year was the annual award ceremony, during which companies judged to be the best in each of 15 categories were presented with an accolade by Michael Greenberg.
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Technology
EBS Announces Launch Of Full Commercial Service With 325 Customers On Board
2013-11-12T12:15:04.000+02:00
EBS has today announced the launch of its EBS Direct commercial service, which has gone live subsequent to evaluation and on-boarding of an initial 325 customers, 30 of which represent the non-bank segment.
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Technology
Top FX Executives Look Forward To Day Two Of The Forex Magnates London Summit
2013-11-12T11:50:14.000+02:00
The 2013 Forex Magnates Summit begins its second day, with 750 of the world's top figures at the forefront of the FX industry set to participate in discussions, networking, culminating in this evening's award ceremony.
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Brokers
InterTrader Direct's European Expansion - Launches CFDs in Sweden Via Stockpicker
2013-11-12T08:39:02.000+02:00
Spread betting and CFD company InterTrader Direct has today announced its foray into the Swedish market via an exclusive CFD partnership with Stockpicker. Managing Director Shai Heffetz outlines the ethos to Forex Magnates.
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Technology
Traiana To Match And Affirm FX Trades With LCH.Clearnet Via Harmony CCP Connect
2013-11-11T18:19:20.000+02:00
Pre and post-trade processing solutions company Traiana has today announced that its Harmony CCP Connect network now supports FX derivative client cleared trades at LCH.Clearnet as a result of direct connectivity.
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GAIN Capital Posts Metrics For October: Retail ADVs Up, Institutional ADVs Down
2013-11-11T15:19:33.000+02:00
GAIN Capital has today announced its monthly metrics for October 2013, with an increase of 43.3% MoM in total retail trading volume along with high ADVs, whereas the company's institutional ADVs receded by 4.5% MoM.
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Technology
London Calling! Forex Magnates Prestigious Summit Commences Tomorrow
2013-11-10T11:49:30.000+02:00
Forex Magnates is set to welcome 750 of the FX industry's senior figures as the doors open tomorrow morning on the London Summit, encompassing two days of discussion, exhibition, networking and awards.
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Regulation
NFA Files Complaint Against Euro Pacific Holdings For Fraud & Deception
2013-11-09T18:52:43.000+02:00
The NFA has charged Euro Pacific Holdings and its CEO Alexander Blum with fraudulent business activities, providing false information, conducting FX business with non-Members of NFA, and using a deficient disclosure document.
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Brokers
Single Corporate Identity: Swissquote To Redirect AC Markets Site To Swissquote.com
2013-11-08T15:11:04.000+02:00
Swissquote has completed two acquisitions over the last three years in order to expand its presence in the retail FX market, and in a move to ensure unity within the firm, today announced redirection of ACM site.
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Technology
BIS Posts Updated OTC Derivatives Survey - $59 Trillion O/S In FX Forwards & Swaps
2013-11-07T22:48:44.000+02:00
The Bank For International Settlements has today released detailed updates to its biannual and triennial survey on FX and OTC derivatives, in order to include data and statistics until the end of June 2013.
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Execution
LCH.Clearnet's ForexClear Makes Buy-Side FX Derivatives Clearing Available Via 3 FCMs
2013-11-07T18:17:44.000+02:00
LCH.Clearnet has today announced that its FX clearing and novation division ForexClear is to provide FX derivatives clearing facilities to buy-side industry participants, in line with forthcoming regulatory rulings.
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Exchanges
FXecosystem To Provide LD4 Point of Presence For CFH Clearing FX PB
2013-11-07T16:07:23.000+02:00
Dedicated connectivity via points of presence is gaining increasing popularity among European institutional FX companies, as demonstrated by CFH Clearing having selected FXecosystem to connect to LD4.
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Brokers
New Product Spotlight: Tradesmarter To Launch Strategix With User-Selectable Risk
2013-11-07T14:49:39.000+02:00
Binary options platform provider Tradesmarter has announced that it will launch its new Strategix product at Forex Magnates London SUMMIT next week, allowing users to vary the risk management strategy.
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Fraudster Who Led MMA Forex In Dubai Sentenced To Two Years In Jail
2013-11-07T10:40:56.000+02:00
Malik Noureed Awan has been sentenced to two years in jail following a guilty verdict at a court in Dubai on allegations of fraud. Mr Awan's company, MMA Forex had taken deposits from customers that it could not return.
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LCG Settles Legal Proceedings - Pays £350,000 Contribution To Expenses
2013-11-06T20:39:10.000+02:00
LCG has today made a corporate statement that it has settled a claim in relation to the termination of a fee sharing agreement with Life Settlement Consulting Ltd surrounding introductions to a managed FX fund.
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Brokers
ACM Gold Concentrates On Analytics: Launches Traders' Compass On MT4
2013-11-06T12:35:46.000+02:00
As the ever-increasing demand for retail FX brokers to utilize technology with which to increase volumes and customer engagement, ACM Gold today announced that it is to offer CorrSight's Trader Compass on MT4.
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Executive Moves
SEC Appoints Criminal Prosecutor David A.Glockner As Head Of Chicago Office
2013-11-06T10:34:03.000+02:00
The US Securities and Exchange Commission yesterday announced the appointment of David A. Glockner As Regional Director of the SEC's Chicago Office.
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