The International Financial Services Commission of Belize (IFSC) has notified that an entity calling itself ‘Floral Investment Ltd.’ is falsely and fraudulently claiming to be an International Business Company (IBC) incorporated in Belize and to be licensed by the IFSC, stating to be registered at #7 New Road, Belize City, Belize, C.A. The Certificate of…
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The Tokyo Financial Exchange (TFX)'s on its way with its November trading volumes report and yes, it's another one with great results! The trading volume of Three-month Euroyen futures in November was 224,931 ( + 67.9% MoM / + 28.7% YoY) and its average daily volume was 11,247 . The total trading volume of Exchange…
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Next in line with its November volumes report pops up GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), which has reported that November was the second top month for its FX volumes this year. November marked record average daily volume (ADV) for the GTX ECN of $10,340 billion. Previous high water…
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Playtech PLC (LON:PTEC) issued a brief note stating that it has now completed the acquisition of 70% of institutional FX firm CFH Group. The planned acquisition was initially disclosed on November 14. In a deal in which Playtech will eventually pay up to $120 million for all of CFH Group, Playtech paid an initial consideration of…
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ASIC regulated Retail Forex broker IC Markets has reported on its corporate blog that it saw record trading volumes of USD $188 billion for the month of November, including $16.5 billion on the day of the US election, November 8. The company reported that the main driver for the record volumes was strong domestic growth and…
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Continuing what we believe will be a series of fairly strong November trading volume reports - driven by post US election volatility - at both retail and institutional Forex platforms, Forex ECN FastMatch is reporting that volumes in its system rose by 26% MoM from October, to average $17.1 billion ADV for the month. November was FastMatch’s best ever…
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It looks like we're about to see a very good month reported for Forex trading volumes. As we head into December, our first peek at November FX trading volumes for leading retail and institutional eFX platforms comes from Bats Global Markets Inc (BATS:BATS) unit Hotspot FX. Hotspot FX volumes rose more than 20% MoM, to average…
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A new institutional Forex trading platform is on the way for the 3rd largest currency trading market behind London and New York. Singapore-based start-up company Spark Systems as reported first by the Straight Times is building a new trading platform to make FX trading in Singapore more cost effective and faster for investors. It was…
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Match-Trade Technologies, a Forex technology provider headquartered in Irvine, California, today announced the launch of a new service for forex brokers known as the Match-Trade (M-TT) Ultra-Fast Data Feed. The new service is a real-time tick by tick FX and CFD data which comprises of real; executable prices aggregated from real market participants, delivered directly…
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The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm will pay approximately $780,000 in restitution for inadequately supervising its customers’ use of leverage in their Merrill brokerage accounts. Merrill “loan management accounts” (LMAs) are lines of credit that allow the…
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