Some good news for Israel based retail forex brokers, or at least those who serve Israel based clients. Israel business newspaper Globes has reported that the Tel Aviv District Court has overturned a previous decision by the Israel Securities Authority (ISA), which had frozen retail forex broker USG Capital's algorithmic trading business on the grounds that it…
Read moreMastercard Inc (NYSE:MA), The Western Union Company (NYSE:WU), bKash and BRAC Bank today announce the launch of a new, international remittance receiving service in Bangladesh. The new service enables bKash’s registered customers to use their mobile phones to get remittances from abroad directly into their bKash accounts. bKash has attracted more than 22 million customers…
Read moreAnyoption analyst Elise Blanford takes an interesting look at explaining the inter-connectivity of global financial markets. For more of Elise’s research see the Anyoption blog. [divide] Oil Tanks & Bottoms Out Near $27 Before Upsurge Begins From well over $100 per barrel, the price of crude oil dropped to the upper $20 range by February…
Read moreWe believe that this is called 'coming full circle'. Retail FX broker ForexTime Limited (FXTM) has announced the opening of its fully operational division in the UK. Located in the City of London, the UK division will service retail and institutional clients, offering them access to FXTM's products and services. Some brief history... FXTM was…
Read moreOil prices collapsed on Monday after major oil producers failed on Sunday to an output freeze.
Read morePost trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), has announced that Nasdaq members completed the first successful compression cycle for cleared Swedish Krona (SEK) interest rate swaps. More than 40% of the cleared outstanding SEK swap inventory was eliminated in this first collaboration between Nasdaq and TriOptima. Johan Rudén, Senior Vice President and…
Read moreA follow-up to LeapRate's earlier report about a former employee of Japanese FX broker YJFX, a subsidiary of Yahoo Japan Corporation (TYO:4689), stealing loads of customer data... The broker announced today that an external professional, hired to conduct an investigation into the breach, has concluded its check, with no further leaks of information detected. YJFX…
Read moreJapanese online trading company Invast Securities Co., Ltd. (TYO:8709) has just published its financial metrics for March 2016, with revenues failing to match the result registered in February 2016. The company reported operating revenues of JPY 346 million ($3.18 million) for March 2016, a result which is 7.7% lower than the result of JPY 375…
Read moreFXCM Inc (NYSE:FXCM) seems to be doing what it can to keep its senior executives in the fold, and well incentivized. We reported last month that FXCM's renegotiated agreement with Leucadia National Corp (NYSE:LUK) was focused mainly on carving out a significant portion of the equity upside for FXCM management, at the expense of shareholders. That…
Read moreRetail FX and CFD broker Plus500 Ltd (LON:PLUS) has earlier today published a trading update for the first three months of 2016, with revenues staging a rise in both quarterly and annual terms, In fact, quarterly revenues hit a record level of $85.2 million, up 26% from the preceding quarter and up 4% from the…
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