fx
Time Is Money: CME Group To Use Perseus Telecom Time Synchronization Service
- Perseus Telecom has today released a new service which is deployable across trading data centers, in order to syncronize the time systems to reduce latency, initially available at CME's Aurora facility.
Thursday, 03/10/2013 | 07:56 GMT by
Andrew Saks McLeod
Former Director Of Sonray Capital Markets Faces Jail For Part In $46M Demise
- ASIC announces end to the high-profile case involving failed Australian introducing broker, Sonray Capital Markets, at one time one of the nation's largest white labels and referrer of business to Saxo Bank.
Wednesday, 02/10/2013 | 11:00 GMT by
Andrew Saks McLeod
Interactive Brokers Releases Monthly Metrics For September: 1% Up MoM
- Interactive Brokers has today announced its monthly metrics, showing a slightly increased performance over last month, and in keeping with the general dynamics, a 16% increase in average revenue trades YoY.
Wednesday, 02/10/2013 | 05:37 GMT by
Andrew Saks McLeod
Russian Trading Volumes up 33% in September YoY
- Russia's main equity and derivatives bourse has reported positive trading metrics for September. Volumes were up year on year across all asset classes with FX markets jumping 36% higher than September 2012 figures.
Wednesday, 02/10/2013 | 04:02 GMT by
Adil Siddiqui
How Low Can You Go? Argon Design Reduces HFT Latency to 176ns, Close to the Theoretical Limit
- British software house Argon Design which has carved out a specialist niche for engineering high performance hardware and software solutions, has launched a system to reduce latency to 176 nano seconds.
Tuesday, 01/10/2013 | 20:59 GMT by
Steven Hatzakis
ActTrader Integrates LMAX Exchange To Platform
- ActForex has today announced that it has completed integration of LMAX Exchange to its ActTrader platform in order to provide its users with access to an open order book and low latency exchange-style execution.
Tuesday, 01/10/2013 | 14:08 GMT by
Andrew Saks McLeod
CFTC Loses Chief of Enforcement Responsible For Bringing Hundreds of Cases in Recent Years
- The CFTC says goodbye to Chief of Enforcement David Meister, who during his three year tenure was responsible for a plethora of enforcement actions. Ms. Gretchen L. Lowe is to succeed his position.
Tuesday, 01/10/2013 | 09:29 GMT by
Steven Hatzakis
GMO Click September Volumes Down 22% to Year Low
- GMO Click, the world’s largest retail forex broker by volume announced its September OTC FX trading volumes. Total volumes were $635 billion, 22% below August’s figures, but 117% above the same period last year.
Tuesday, 01/10/2013 | 08:58 GMT by
Ron Finberg
CFTC Issues FXDD With $275,000 Penalty For Violating Capital Adequacy Rules
- Regulatory authorities in the United States are becoming notorious for insistance that FX firms maintain sufficient net capital. Today, the CFTC issued FXDD a $275,000 penalty for contravening such rules.
Monday, 30/09/2013 | 20:20 GMT by
Andrew Saks McLeod
The Road Beyond MetaQuotes
- For years Retail Forex Technology has been dominated by the ubiquitous MT4 trading platform.
Sunday, 29/09/2013 | 16:18 GMT by
Mitch Eaglstein
CFTC Orders R.J. O'Brien To Pay $125,000 For Misuse Of Omnibus Account
- The US Commodity Futures Trading Commission has issued R.J. O'Brien with a $125,000 fiscal penalty for violation of customer protection regulations, in this case due to funds transferred between omnibus accounts.
Sunday, 29/09/2013 | 14:35 GMT by
Andrew Saks McLeod
FIX Trading Community Produces Guidelines Amid Series Of SEF Approvals In US
- Concurrent with the series of Swap Execution Facilities (SEFs) that have been granted temporary approval by the CFTC recently, FIX Trading Community has released a set of standardized industry guidelines.
Sunday, 29/09/2013 | 10:42 GMT by
Andrew Saks McLeod
Executive Interview: Matthew Atherton, Managing Partner, TPG
- 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.
Friday, 27/09/2013 | 06:50 GMT by
Andrew Saks McLeod
CFTC Censures Daniel K. Steele For $1.7 Million FX Fraud
- The US Commodity Futures Trading Commission has today issued proceedings against mid-western FX firm Champion Management International and its owner Daniel K. Steele for carrying out a $1.7 million FX fraud.
Thursday, 26/09/2013 | 20:12 GMT by
Andrew Saks McLeod
ICAP Releases Six-Monthly Statement - Revenue Down 1% YoY
- 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.
Wednesday, 25/09/2013 | 13:53 GMT by
Andrew Saks McLeod
CFTC Orders ICAP To Pay $65 Million Penalty For Manipulating Yen LIBOR
- Interdealer broker ICAP has been issued with a $65 million civil monetary penalty by the CFTC today for manipulation, false reporting and attempting to manipulate the Yen LIBOR rate.
Wednesday, 25/09/2013 | 13:18 GMT by
Andrew Saks McLeod
TMX Atrium Launches Low Latency Connection To Moscow Via Frankfurt Data Center
- In keeping with Moscow's increasing presence as home to high frequency traders, TMX Atrium today announced its low-latency connection between Moscow and Frankfurt's Equinix FR2 IBX data center.
Wednesday, 25/09/2013 | 08:09 GMT by
Andrew Saks McLeod
M&A Activity Continues! Swissquote Acquires MIG Bank
- 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.
Wednesday, 25/09/2013 | 06:33 GMT by
Andrew Saks McLeod
Diversification On The Agenda - OANDA Purchases Social Trading Network Currensee
- 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.
Tuesday, 24/09/2013 | 22:00 GMT by
Andrew Saks McLeod
Spreadex Heads For The Clouds - Invests £1.2 million In Privately Hosted Platform
- 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.
Tuesday, 24/09/2013 | 17:52 GMT by
Andrew Saks McLeod
InterTrader Direct Launches Spread Betting On MT4 Platform
- 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.
Tuesday, 24/09/2013 | 13:12 GMT by
Andrew Saks McLeod
Monex Announces Dividend Forecast For Fiscal Year Ending March 31, 2014
- 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.
Tuesday, 24/09/2013 | 06:12 GMT by
Andrew Saks McLeod
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