With the International Monetary Fund (IMF) announcement of the launch of the new Special Drawing Right (SDR) valuation basket including - for the first time - the Chinese Renminbi (RMB), we are pleased to present some comments on what this means from two FX / China experts: Rachael Hoey, Head of Asia at CLS and Dan Marcus, CEO…
Read moreSwiss online trading, banking and investment services provider Swissquote Group Holding SA (SWX:SQN) added hedging capabilities to its MT5 platforms just a month ago. Now, forex trading platform developer MetaQuotes continues expanding its list of liquidity providers for the MetaTrader 5 multi-asset platform –Swissquote has become the seventh one. The MetaTrader 5 Gateway to Swissquote has been developed by Swissquote…
Read moreASIC has commenced proceedings in the Federal Court of Australia in Sydney against Vocation Limited (in liquidation) and the company's former executive managing director, Mr Mark Hutchinson; former non-executive chairman, Mr John Dawkins; and former company secretary and Chief Financial Officer, Mr Manvinder Gréwal. The proceedings arise out of ASIC's investigation of events leading to…
Read moreSingapore Exchange (SGX) has launched two initiatives in collaboration with Member firms to detect and stop market misconduct, foster good trading practices and maintain a fair, orderly and transparent marketplace. The initiatives complement SGX’s existing real-time trade surveillance, Member inspections and enforcement actions. SGX also regularly discusses with Members any unusual trading behaviour. The first initiative…
Read moreCFD broker Plus500 Ltd (LON:PLUS) has announced that the Financial Markets Authority, the New Zealand government agency responsible for financial regulation, has granted Plus500AU Pty Ltd., Plus500's Australian operating subsidiary, a derivatives issuer licence, which enables Plus500AU Pty Ltd. to operate an online trading platform for retail customers to trade CFDs in New Zealand. The…
Read moreThe Tokyo Financial Exchange (TFX) has just announced its trading volumes for September, 2016. The trading volume of Three-month Euroyen futures in September was 259,995(+ 27.3% MoM /+ 30.3% YoY) and its average daily volume was 13,000. The total trading volume of Exchange FX Margin contracts (Click 365) in September was 3,208,866 ( + 28.3%…
Read moreFastMatch has announced that Gareth Thomas has joined Forex ECN FastMatch as Director of Sales effective October 3rd, 2016. Gareth will be marketing FastMatch products to hedge funds, banks, brokers and asset managers. Gareth Thomas is a seasoned market professional with over 28 years of experience in the FX arena. Thomas is coming to FastMatch from…
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LeapRate Exclusive Interview... LeapRate has learned that former Citi, IG and Integral executive Ramy Soliman has been appointed CEO of a new FCA regulated London based Prime of Prime Brokerage, called Stater Global Markets. Backed by Stater Holdings in New Zealand, Stater Global Markets will be offering clients institutional access to the FX market, with direct…
Read moreContinuing the parade of healthy September FX trading volume reports, GTX - the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) - has reported that September FX volumes increased by 19% MoM and by 25% YoY, coming in at $11.5 billion ADV. ECN and SEF trading at GTX saw volumes average $8.5…
Read moreForex ECN Hotspot FX has published September trading volumes, showing marked improvement from August's depressed volumes. September volumes at Hotspot FX came in at $28.3 billion (average daily volumes), 25% above August's $22.6 billion but still below the $30 billion monthly figures Hotspot FX was posting earlier this year. Hotspot FX parent company Bats Global…
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