Matching volume declines we have seen across the board at leading Retail and Institutional eFX platforms in what seems to be a very slow summer trading season, Denmark-based multi-asset broker Saxo Bank has reported that August volumes came in at $221 billion, or $9.6 billion per trading day during the month. The $221 billion figure was…
Read moreGTX, the institutional foreign exchange trading arm of Gain Capital Holdings Inc (NYSE:GCAP), announced today it has hired Eduard Poltavsky as Director, e-FX Sales. Poltavsky specializes in Russian ruble and other eastern European currency pairs. Before joining GTX, Poltavsky was Director of FX Sales at the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS). This marks…
Read moreEurope based brokerage Admiral Markets has announced an update to their CFD offering on indices of the world's largest exchanges, as follows: decreasing spreads and margin rates, expanding the list of instruments, adding special features, such as extended trading hours and fixed in-hour spreads. Also an improvement in the offering, Admiral Markets is offering the…
Read moreThe FCA warning follows a similar warning issued against CMS in February in Canada.
Read moreThere are quite a lot of parallel between the Forex sector and other heavily regulated industries. And that includes how they go about marketing in jurisdictions where marketing is either not formally allowed, or is heavily restricted. What can Forex brokers do in these situations? What lessons are there to be learned from other regulated…
Read moreMultiasset execution management systems provider FlexTrade Systems has announced the introduction of TradeGuide - a unique new way of visualising and presenting trade data in the company’s FlexTRADER multi-asset execution management system (EMS). TradeGuide is a series of pre-defined web components sitting directly in the FlexTRADER multi-asset EMS. It offers pre-trade and in-flight feedback on…
Read moreAustralia financial regulator ASIC has announced that Collaroy director Mark Frederic Byers, has been banned by ASIC from managing companies for the maximum of five years for his conduct in the management of four failed companies. Mr Byer's ban follows the appointment of liquidators to four fashion apparel companies he managed: Mentmore Pty Ltd, 095…
Read moreRussia-based network operator Avelacom has announced that it has launched a new point of presence (PoP) in the DataSpace data center, bringing faster access to Russia’s securities and FX markets. Avelacom's new point of presence the in DataSpace facilities are in close proximity to the Moscow Exchange (MoEx) and optimize its customers’ access to the exchange’s…
Read moreFCA regulated interbank prime of prime liquidity provider CFH Clearing has announced that James Dewdney has been appointed as Institutional Sales Manager, to focus on global sales for the Prime of Prime brokerage. Reporting directly into Paul Jackson, CFH’s Global Head of Sales, Dewdney's remit encapsulates traditional Prime of Prime liquidity, technology sales and client acquisition. Dewdney…
Read morePutting an emphasis lately on its investment management business, retail forex broker Saxo Bank has announced that it collaborating with Morningstar Investment Management Europe Ltd, the EU arm of Chicago-based investment research giant Morningstar, Inc., to expand the range of investment strategies available to Saxo Bank clients. With the new collaboration, Saxo Bank will add a value-based investment…
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