BGC Partners, Inc. (NASDAQ:BGCP), a brokerage company servicing the financial and real estate markets, on Thursday updated its outlook for the quarter ending March 31, 2016. BGC currently expects that its revenues for distributable earnings and for its pre-tax distributable earnings for the first quarter of 2016 to be towards the mid-point of the range…
Read moreSeasonal factors took their toll on Hotspot FX trading volumes in March 2016, with weak trading activity on March 25th and March 28th weighing on the overall results. As a result, the eFX institutional platform of Bats reported a double-digit decrease in trading volumes for last month, following a solid February. Hotspot FX average daily…
Read moreInstitutional electronic FX platform FastMatch had a calm March, with trading activity obviously affected by seasonal factors like Easter holidays. Average daily volumes amounted to $10.11 billion in March 2016, down 9% from the result of $11.1 billion registered in February 2016. In annual terms, the comparison was much better, as the reading for March…
Read moreOn the eve of April Fools' Day, FINRA offers five tips to help investors avoid being tricked out of their money.
Read moreSeveral French institutions, including the financial markets regulator AMF, the General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF), the Authority for prudential control and resolution (ACPR) and the Paris prosecutor's office, have jointly addressed the public regarding the growing number of cases of Forex and binary options fraud. The regulators refer to…
Read moreKCG Holdings, Inc. (NYSE:KCG) is expanding its client execution algorithm “Catch”, with the European release of the solution announced today. "Catch," which has already been rolled out in the United States, is designed to leverage smart logic, adaptability and advanced analytics to capture liquidity and achieve incremental micro alpha. Thanks to Catch's highly flexible participation…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has imposed a €12,000 administrative fine on retail Forex broker Mayzus over non-compliance with anti-money laundering rules. The Board of the Commission made the decision for the fine on February 29, 2016. The company is alleged to have violated the Prevention and Suppression of Money Laundering and Terrorist…
Read moreLeapRate has learned that leading Forex and Binary platform provider Leverate has been named as one of the few fintech companies to make Red Herring's annual Top 100 exciting technology companies list in Europe, for 2016. The Red Herring Top 100 highlights the most exciting startups from Asia, Europe and the Americas. Hundreds of companies…
Read moreFinancial visualization platform TradingView has just added another Bitcoin exchange to the lineup of providers of data for its users. The latest addition is Poloniex, a US-based cryptocurrency exchange which seeks to offer maximum security and advanced trading features. Thanks to the partnership, TradingView users get access to more than 100 new symbols. Poloniex joins…
Read moreThe following guest post is courtesy of Bart Burggraaf, Managing Partner, MediaGroup Worldwide. [divide] Online wealth management is a rapidly growing industry and an interesting one to follow for brokers. What’s more, the relatively stable income, large assets under management and a different target audience makes for an attractive diversification play for brokers looking to…
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