London based Retail FX, CFDs and Spreadbetting broker London Capital Group (or LCG) has announced that it has received FCA approval for the transaction which will see the operations of the brokerage transferred to a private company controlled by Charles-Henri Sabet, called SLCG International DMCC. The publicly traded company now retains 8.5% of the issued share…
Read more
Tokyo Financial Exchange (TFX) has just released its trading volumes report for the month of July. The trading volume of Three-month Euroyen futures was 110,841 ( + 38.0% MoM / - 25.6% YoY ) and its average daily volume was 5,278. 項目 July 2018 Trading Volume Daily Average Change on Previous Month Year on…
Read more
GECKO Governance, which recently launched its new ICO compliance solution, GECKO Crypto1, has just announced that Trevor Koverko, Founder and CEO of Polymath, the security token launch pad, has joined its advisory board. I’m very excited to be coming on board as an advisor to GECKO Governance, which has launched the Crypto1 solution for the…
Read more
UK financial regulator The FCA has issued a statement targeted to brokers, regarding the selling of high-risk speculative investments to retail clients following ESMA’s action on CFD products. In June 2018, the European Securities and Markets Authority (ESMA) finalised temporary measures to restrict the sale, marketing and distribution of contracts for difference (CFDs) to retail…
Read more
Al Hilal Bank has just announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic Finance in Abu Dhabi and across the UAE. The Memorandum of Understanding (MoU) was signed by Alex Coelho, Chief Executive Officer at Al Hilal Bank, and Richard Teng,…
Read more
Credit Financier Invest (DIFC) Limited, or CFI Dubai, part of the CFI Financial Group has announced the launching of its new enhanced liquidity dedicated for Institutional Clients, dubbed as CFI’s ULTIMATE LIQUIDITY STREAM. The company stated that CFI’s ULTIMATE LIQUIDITY STREAM is the ultimate top of book pricing layer designed to cater for institutional clients’ needs. Among…
Read more
Continuing a string of somewhat slow set of trading volumes being reported for the month of July by leading institutional FX platforms, Forex ECN FastMatch has reported that July 2018 FX trading volumes were down 10% from June, with average daily trading volumes coming in at $20.0 billion. However, despite the seasonal slowdown, that is not…
Read more
The hot summer months seem to have brought a seasonal cooling in FX trading volumes. Leading off our monthly coverage of activity at leading Retail and Institutional FX platforms, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a 12% decline in average daily volumes from…
Read more
The central question nowadays, except for the regulation issues, is whether cryptocurrencies are the answer to the economic problems so many countries are facing. In the summer of 2017, for example, when Bitcoin was trading for around $9,000 on major international exchanges, certain developing countries saw its price rising to almost $14,000. Now, the latest…
Read more
Binance is one of the largest cryptocurrency exchanges in the world. It just completed its first ever acquisition. Binance bought out the mobile wallet firm Trust Wallet. The company is a mobile app that is essentially an Ethereum wallet that supports Ethereum, ERC20, ERC223 and ERC721. As of now, Binance has not disclosed the amount…
Read more