CySEC-regulated Forex broker FXTM (ForexTime) targets wider clientele via the launch of a website in Persian and the addition of four languages to the personal gateway for traders – MyFXTM. The language lineup for MyFXTM now also includes: Hindi, Czech, French, and Spanish. The announcement is released less than a month after MyFXTM got enriched…
Read moreBank of Russia, the “Megaregulator” of Russia's financial markets, today announced its decision to to suspend 12-month FX repo auctions. The decision is effective April 1, 2016. The watchdog explained that the move reflects weak demand for these facilities from Russian credit institutions and the shift of this demand to 28-day FX repos. The Bank…
Read moreOpening up your own brokerage makes sense, but let’s explore your options so you make the best decision for you and for your clients.
Read moreChina Securities Regulatory Commission (CSRC) on Friday argued against a media report alleging it has drafted a blacklist of 30 to 40 companies targeted for delisting. CSRC spokesman Deng Ge sought to refute the allegations. According to Xinhua, he stated: "The report is seriously inconsistent with the facts. Stock exchanges are the ones responsible for…
Read moreJapan's IG Securities Limited, part of IG Group, is about to change the margin requirements for certain CFDs on stock indices. Effective April 9, 2016, the maintenance margin requirement will change for China 300 (CNH300) and South Africa 40 (ZA40) for corporate (institutional) accounts. The new margin requirement for China 300 is 5%, compared with…
Read moreClients of Japanese Forex broker FX PRIME, part of GMO Corporation, will be able to tap into the opportunities offered by Tradency's hedge fund solution. Effective March 28, 2016, clients of the Japanese broker who use Mirror Trader gain access to a range of automated hedge fund strategies, which have usually been available only to…
Read moreThe Protrader Multi-Connect (PTMC) trading platform has become available through LMAX Exchange. Deep integration with LMAX Exchange makes it possible to use advanced panels of PTMC, including Market Depth, Matrix, etc. Also, LMAX Exchange execution algorithms allow making trades at guaranteed best prices and with low latency. The PTMC application can be used to trade…
Read moreSWIFT announced on Friday that it has signed a memorandum of understanding (MOU) with China International Payment Service Corp., (CIPS Co.). The MOU details plans for strategic co-operation to develop China’s Cross-border Interbank Payment System (CIPS) leveraging SWIFT as a channel to connect CIPS with SWIFT’s global user community. SWIFT Chief Executive of Asia Pacific…
Read moreSocial investment expert eToro keeps pushing into the Russian Forex market. The company has just announced that it is improving the conditions for Russian ruble (RUB) deposits. The commission for converting RUB into USD when making deposits is reduced five times from 250 pips to 50 pips. In February this year, eToro sealed a partnership with…
Read moreRetail Forex broker Alpari Limited keeps streamlining its offering, with the latest changes to affect the lineup of account types available to its clients. Effective March 28, 2016, the broker will no longer support demo.nano.mt4 accounts. The broker will delete all open accounts of this type. The Alpari nano accounts for the MT4 platform have…
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