Continuing what has been a fairly strong June in the Retail FX space, forex broker FXCM Group LLC has announced that its trading volumes rose by 5% during June, to $223 billion. On a daily average basis, volumes were up 9% in June. The rise in volumes at FXCM, and its continued membership in the…
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The U.S. Commodity Futures Trading Commission (CFTC) has launched True Fraud Stories, a video series about how cunning fraudsters have lured smart investors into fraudulent investment schemes that resulted in the loss of thousands of dollars of their savings. These real-life victims tell their stories hoping others will become educated about financial fraud and avoid…
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The European Securities and Markets Authority (ESMA) announced that has added 2 new Q&A to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The new Q&A cover the topics of recording of telephone conversations and electronic communications, and…
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Euronext announced the closing of the acquisition of a 60% stake in iBabs, a Dutch provider of dematerialised board portal solutions for corporates and public organisations, for a consideration of €30.1 million. iBabs, based in the Netherlands, provides an efficient and secured board portal solution to close to 1,000 companies and public organisations with more…
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GAIN Capital Holdings, Inc. (NYSE: GCAP) today reported certain operating metrics for the month of June 2017. OTC Trading Volume at GAIN's Forex.com Retail Segment was $241.8 billion - up 10.2% from May's $219.5 billion. This marks the second consecutive month of healthy, double digit percent volume increases at Forex.com, at a time when many…
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The Abu Dhabi Securities Exchange (ADX), a leading securities exchange in the region, announced that has signed a Memorandum of Understanding (MoU) with Dubai Gold and Commodities Exchange (DGCX), the region’s largest and most diversified derivatives bourse, and its parent company, DMCC (Dubai Multi Commodities Centre) to create the basis for collaboration on a unified…
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The following article was written by Emma Davidson, Communications Manager at FXTM. Global currency revaluation is a divisive topic, writes FXTM’s Emma Davidson. It has been covered extensively by experts purporting it will never happen, and others who decry that it is inevitable. So, which camp has it right? A global currency re-evaluation would require all nations…
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Abu Dhabi based international financial services firm ADS Securities has announced that Marco Baggioli has been appointed Chief Operating Officer (COO) for ADS Securities LLC. He is currently the firm's Executive Managing Director – Global Head of Brokerage, and in his new role will take on additional direct line responsibility for Operations, Legal & Compliance, Product…
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It has been a golden summer for HKEX, because just days after launching the Bond Connect, they've turned their attention to one of the world’s most precious metals: gold. Today HKEX has launched a dual-currency gold futures contract in Hong Kong that is physically-settled, and a gold contract as part of LMEprecious on the LME.…
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The Kuala Lumpur Sessions Court today convicted and jailed two former executive directors of Axis Incorporation Bhd (Axis) for furnishing false statements to Bursa Malaysia Securities Bhd. Lee Han Boon and Saipuddin Lim Abdullah both pleaded guilty for furnishing false information to the stock exchange in relation to Axis’ revenue of RM91.13 million. Out of…
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