May 12, 2016 BY Mike Fox

Tickmill posts audited financial results showing net profit for 2015

The company records $208bn trading volume in 2015 with results from Q1 2016 putting the business on track for over $330bn by the end of this year. Global ECN broker Tickmill authorized and regulated by the Financial Services Authority (FSA) of Seychelles, was pleased to announce this week a successful 2015 with an audited net…

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May 12, 2016 BY Maria Nikolova

Windsor Brokers redesigns website

CySEC-regulated Forex broker Windsor Brokers has joined the lineup of FX companies with redesigned websites. The company is introducing a cleaner, user-friendly interface, with the stress falling on imagery content rather than text. As a result, navigation is easier. In tune with a trend that sees more traders use mobile devices to visit brokers' websites…

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May 12, 2016 BY Maria Nikolova

TAIFEX sees RMB futures volumes drop in April 2016

Taiwan Futures Exchange (TAIFEX) has earlier today posted its volumes metrics for April 2016, with yuan futures trading volumes staging a steep decline in monthly terms. Overall trading volumes at the Exchange amounted to 19,239,430 contracts in April 2016, down 14% from the reading of 22,400,159 contracts for March 2016. The annual comparison was also…

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May 12, 2016 BY Maria Nikolova

ASX proposes increasing financial thresholds for listings

ASX has today published a consultation paper on proposed changes to its requirements for admission to the ASX official list. The key proposals include: Increasing the financial thresholds for listing – lifting the “assets test” thresholds from net tangible assets of $3 million or a market capitalisation of $10 million to an NTA of $5…

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May 11, 2016 BY Mike Fox

Nordea Markets launching new Forex trading offering on e-Market Nexus

Nordea Markets part of Nordea Bank AB (STO:NDA-SEK), the biggest bank in the Nordic and Baltic Sea regions today announced a new Forex offering through its trading platform Markets Nexus. The bank stated the new FX offering was created in collaboration with customers and is specifically designed to support daily business and work flows. e-Markets Nexus now includes…

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May 11, 2016 BY Mike Fox

U.S. Forex brokers report 2nd lowest asset total; OANDA closes in on top spots

March data from just released CFTC reports filed May 2nd revealed that in total Forex brokers within the United States for March remained above the $500 million handle at $510,714,141 from the $518,945,514 reported in February, for a 1.6% dip. Though showing setback MoM, the lowest asset total on record occurred a few months ago when $499,339,084 was reported in January. (see graphs…

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May 11, 2016 BY Mike Fox

Bloomberg confirms its Forex benchmarks comply with IOSCO principles

Bloomberg announced today the successful completion of an independent assessment confirming the alignment of the BFIX family of benchmarks with the International Organization of Securities Commissions’  (IOSCO) principles for financial benchmarks. The assessment was conducted by Ernst & Young LLP (EY). The BFIX family of benchmarks covers spot, forward and non-deliverable forward rates for a…

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May 11, 2016 BY Mike Fox

Sucden Financial promotes Michael Davies to Head of eFX Sales EMEA

International derivatives broker Sucden Financial today announced that Michael Davies has been promoted to Head of eFX Sales EMEA following a period of significant growth at the London-based prime of prime brokerage. Davies joined Sucden Financial as an analyst over a decade ago back in 2004 before moving into its eFX business in 2011. He…

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