fx
FXCM Aqcuires Controlling Stake In FX Intelligence Firm Faros Trading LLC
- FXCM has announced that it has acquired a 50.1% interest in FX intelligence, market coverage, and institutional FX execution services provider Faros Trading LLC, demonstrating an increasing focus on acquisitions.
Monday, 23/09/2013 | 12:50 GMT by
Andrew Saks McLeod
SDP FX Platform Development Simplified - Caplin Systems Launches Core FX Motif
- London-based institutional FX technology provider Caplin Systems has today announced the release of Core FX Motif, a set of tools designed to establish ready-made starting points for building single-dealer platforms.
Monday, 23/09/2013 | 11:05 GMT by
Andrew Saks McLeod
CFTC Fines IB Foremost Trading $400,000 For Supervision Shortcomings
- American introducing broker Foremost Trading has been issued with a $400,000 civil monetary penalty by the CFTC as a result of deficiencies in its supervision of the handling of trading accounts.
Monday, 23/09/2013 | 10:21 GMT by
Andrew Saks McLeod
$439 Million OzForex IPO Sparks Speculation Down Under - Will Pepperstone Be Next?
- After a two year lull during which financial sector IPOs in Australia were few and far between, OzForex, a deliverable FX firm based in Sydney will list for $439 million, raising the question as to which firm is next.
Monday, 23/09/2013 | 09:53 GMT by
Andrew Saks McLeod
Ex-Blackberry Executive Graeme Whittington Joins OANDA As CTO
- Telecommunications and FX may be very different, but they share one common denominator: technology. Today, OANDA announces the appointment of ex-Blackberry executive Graeme Whittington as CTO.
Monday, 23/09/2013 | 08:25 GMT by
Andrew Saks McLeod
Advanced Markets Appoints Ex-FXCM Pro Exec Henry DePaolis As Director of Institutional FX
- American provider of FX liquidity Advanced Markets has today announced the appointment of ex-FXCM executive Henry DePaolis as Director of Institutional FX as the firm seeks to further its DMA offering.
Sunday, 22/09/2013 | 17:28 GMT by
Andrew Saks McLeod
LiteCoin Anonymous Marketplace Atlantis Goes Under After Just Six Months
- After just six months in operation, Atlantis, the anonymous marketplace for LiteCoin, has announced that it is ceasing operations, posts message to customers to withdraw within a week.
Sunday, 22/09/2013 | 15:37 GMT by
Andrew Saks McLeod
Status Symbol That Never Was - Web Of Deceit Surrounds MMA Group's Bogus Airline
- MMA Group's scheme which bilked many customers out of substantial sums of money did not end with a straightforward FX scam. The firm also used disreputable tactics to promote its airline, which has no CAA license.
Sunday, 22/09/2013 | 14:09 GMT by
Andrew Saks McLeod
The Reasons Behind CySEC's Revoking of Sama Brokers' CIF License
- Further to the revocation of Sama Brokers' CIF license by CySEC, Forex Magnates has been informed by a number of industry sources of the reasons for which CySEC took action, and that it has ceased operations.
Sunday, 22/09/2013 | 10:59 GMT by
Andrew Saks McLeod
CFTC Approves Two Further SEFs As America Bolsters Institutional FX Industry
- Two further SEF registrations were grantred on Friday by the CFTC. ICE Swap Trade and trueEX received temporary registration which will allow their performance to be monitored before attaining permanent SEF status.
Sunday, 22/09/2013 | 07:54 GMT by
Andrew Saks McLeod
Pay Up, Says Uncle Sam! FXDD Ordered To Pay Penalties As Case Draws To A Close
- After over a year's worth of legal pursuit by the US authorities, the NFA and CFTC's cases against FXDD have today drawn to a close with FXDD liable for substantial fines and $1.8 million in restitution.
Wednesday, 18/09/2013 | 20:14 GMT by
Andrew Saks McLeod
Regulatory Veteran Vincent A. McGonagle Appointed Director of CFTC Division of Market Oversight
- Continuing his 16 year career at the US Commodity Futures Trading Commission, it was yesterday announced that Vicent A. McGonagle has been appointed Director of the CFTC's Division of Market Oversight.
Tuesday, 17/09/2013 | 09:21 GMT by
Andrew Saks McLeod
IG Group Releases Interim Statement - Revenue Up 15% YoY
- British company IG Group has today released its interim statement for the period between June 1, 2013 and September 16 this year, the figures showing a 15% increase over those of the same period last year.
Tuesday, 17/09/2013 | 08:59 GMT by
Andrew Saks McLeod
Trade Repository Registrations Take A Step Back In Europe As ESMA Delays Final Date
- The European Securities and Markets Authority has today announced that it is pushing back the implementation timeline relating to the instigation of trade repositories in Europe.
Monday, 16/09/2013 | 16:19 GMT by
Andrew Saks McLeod
Ponzi Scheme Eh? Ontario Regulator To Hear FX Fraud Case Tomorrow at 10.00am
- The Ontario Securities Commission is scheduled to hear the case against FX trader Sylvan Blackett, Rezwealth Financial Services and Tiffin Financial in legal proceedings which have been a somewhat long, drawn-out affair.
Monday, 16/09/2013 | 13:06 GMT by
Andrew Saks McLeod
Global FX Volumes Climbing: BIS Releases Data For Exchange Traded Instruments
- To further depict 2013's return to form within the global FX market, the BIS has released its quarterly report for Q2 of 2013, detailing concise figures for exchange-traded instruments. Currency volume up internationally.
Sunday, 15/09/2013 | 14:33 GMT by
Andrew Saks McLeod
London Capital Group Offloads ProSpreads For £1.5 Million
- After a year of trepidation in 2012, LCG continues to make efforts toward economical recovery strategies, today announcing that it is to sell its spread betting arm, ProSpreads, for £1.5 million.
Friday, 13/09/2013 | 07:25 GMT by
Andrew Saks McLeod
BTC To Be Declared On Tax Returns? State of Israel May Deem Profit on Virtual Currency Taxable
- As virtual currency polarizes opinions worldwide, being viewed in some jurisdictions as a way to circumvent capital controls, and others as a legitimate currency, Israel considers applying a tax on profits.
Thursday, 12/09/2013 | 14:05 GMT by
Andrew Saks McLeod
As China Tests FX Cross Border Possibilities, Deutsche Bank Joins Pilot Scheme
- Attempting to do business in China has often resulted in western firms being thwarted by the country's lack of a free market economy. Today, however Deutsche Bank joins SAFE's pilot of cross border FX pooling.
Thursday, 12/09/2013 | 12:04 GMT by
Andrew Saks McLeod
FENICS Provides Middleware Solution To Chinese Institution To Enhance FX Analysis
- GFI-owned pricing, trading, risk management and STP solution provider FENICS has today announced that it is to further its relationship with Bank of Communications by providing middleware to enhance FX options analysis.
Wednesday, 11/09/2013 | 14:28 GMT by
Andrew Saks McLeod
MarkitSERV Announces Connection To NASDAQ OMX For FX Clearing
- Post-trade processing company MarkitSERV has today announced that it has connected to NASDAQ OMX, becoming the first middleware provider to deliver FX trades for clearing to the firm.
Wednesday, 11/09/2013 | 10:41 GMT by
Andrew Saks McLeod
DGCX Joins Euroclear Collateral Highway as First Middle Eastern CCP
- Whilst North American venues are well-versed in CCP connectivity, other regions are unburdened by such requirements - until now. Today, the DGCX becomes the first Middle Eastern CCP to join Euroclear.
Wednesday, 11/09/2013 | 09:33 GMT by
Andrew Saks McLeod
ZuluTrade Aims For The Proprietary Platforms - Partners With IBFX
- As social trading platform providers branch out and seek new methods of providing services to operate in conjunction with proprietary platforms, ZuluTrade yesterday announced its partnership with IBFX.
Wednesday, 11/09/2013 | 06:37 GMT by
Andrew Saks McLeod
Volante Focuses On Cloud Applications As Buy & Sell Side Messaging Evolves
- Volante Technologies has announced the release of version 5.0 which includes further support for cloud-hosted applications as a result of industry demands brought about by rapid implementation of existing and new message standards.
Wednesday, 11/09/2013 | 06:30 GMT by
Andrew Saks McLeod
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