Will the Reserve Bank of Australia (RBA) cut interest rates to a fresh record low of just 1.50%? At the central bank's monetary policy decision tomorrow for August, the odds are in favor 2/3 for the central bank to do just that. In an era of low interest rates, this is still one of the highest…
Read moreGTX, the institutional foreign exchange trading arm of Gain Capital Holdings Inc (NYSE:GCAP), announced today it has hired Thomas Reichel as Director of Institutional Sales. He will be based in Chicago and report to John Miesner, Managing Director and Global Head of Sales. GTX has been making a growth push recently. The company also recently…
Read moreThe following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. [divide] FXPRIMUS Week in Focus for the week beginning 1 Aug: RBA, Bank of England, US payrolls The time for inaction is over. Both the Reserve Bank of Australia (RBA) and the Bank of England (BoE) are expected to…
Read moreThe compression provider LMRKTS has recently facilitated the first multilateral FX compression designed to lower counterparty exposures and consolidate cash flows. LMRKTS has announced today a new strategic partnership with Tradition, wholesale market brokers in over-the-counter financial and commodity related products. The partnership between the two firms will initially handle execution and compression processing unique to…
Read moreOrder book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €100.8 billion in July (July 2015: €137.3 billion). Of the €100.8 billion, €91.8 billion were attributable to Xetra (July 2015: €127.4 billion). The average daily turnover on Xetra stood at €4.4 billion in July (July 2015: €5.5 billion). A…
Read moreToday Spotware Systems announce the introduction of FIX API credentials with every cTrader account by default, marking a major milestone for the industry as cTrader becomes the first retail platform to offer such functionality. With today's update users can see a new menu item called FIX API in their cTrader, cAlgo and soon to be…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has announced that the authorisation for providing Administrative Services of the company Mutual Trust Limited, with number 44/196, is suspended, pursuant to section 15(1)(b) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012. There have been suspicions of an alleged violation of section 23(1) of…
Read moreThe hits just keep on coming to Verizon Communications Inc. (NYSE, Nasdaq: VZ) as they've revealed Yahoo's acquisition just a week ago. The telecoms giant and Fleetmatics Group PLC (NYSE: FLTX) have announced today they have entered into a definitive agreement under which Verizon will acquire Fleetmatics, a global provider of fleet and mobile workforce management solutions,…
Read moreThe Financial Markets Authority (AMF)'s annual report for 2015 showed that the number of complaints received against binary options and Forex brokers reached 1,617 in 2015, up from 1,293 in 2014. The high rise in complaints is probably just one of the reasons that AMF is launching a consultation, until 30 September 2016, on the introduction…
Read moreFSA Seychelles regulated Forex broker Tickmill today announced that for August the firm is celebrating its second birthday by doling out handsome incentives to long term clients. The firm stated its been delighted to have been able to provide their clients with supreme trading conditions for these past 2 years. As a token of gratitude,…
Read more