April 04, 2016 BY Mike Fox

Japan authorities set to freeze duos assets over multibillion yen FX trading scam

The Japan Times reported today that the Nagoya District Public Prosecutor’s Office is set to seek a court order to freeze the assets of two individuals accused in a multibillion-yen forex investment fraud case, informed sources told the paper Monday. Nagoya is the center city of Japan's third-largest metropolitan region. The pair, including a man named Masaaki Ito, 48,…

Read more
April 04, 2016 BY Maria Nikolova

Moscow Exchange registers 3.5% MoM drop in Forex ADV in March 2016

Moscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), the biggest Russian trading venue for currencies, shares and derivatives, has earlier today published its monthly volume metrics for March 2016, with monthly Forex volumes up in monthly terms but average daily volumes (ADV) down from February 2016 levels. MOEX reported monthly FX market turnover of RUB…

Read more
April 04, 2016 BY Maria Nikolova

CME Group sees FX volumes fall 4.4% MoM in March 2016

International derivatives marketplace CME Group Inc (NASDAQ:CME) has just published its volumes metrics for March and the first quarter of 2016, with Forex metrics failing to impress. CME Group reported FX average daily volume (ADV) of 912,000 contracts in March 2016, a result which is down 4.4% from the levels seen in February 2016. The…

Read more
April 04, 2016 BY Maria Nikolova

Spain's CNMV warns against BelforFX

Spain's securities commission CNMV today updated its list of public warnings, adding Forex firm BelforFX. BelforFX claims it has several addresses: in Bulgaria, in the Seychelles and in Anguilla. The company is operating via www.belforfx.com, with the Spanish regulator mentioning one more website in the warning – www.isocialfx.com. The latter belongs to a social trading…

Read more
April 04, 2016 BY Mike Fox

Thomson Reuters acquires WM/Reuters Foreign Exchange Benchmarks from State Street Corporation

Thomson Reuters today announced it has acquired WM/Reuters FX benchmark rate calculation business of The World Markets Company (WM) from State Street Corporation. The acquisition will be effective immediately. The acquisition of the WM/Reuters FX benchmark means Thomson Reuters will own, administer and calculate this important benchmark, which is used by financial professionals across the…

Read more
April 04, 2016 BY Mike Fox

XTB releases new TV advert with brand ambassador Mads Mikkelsen

Joshua Raymond, Chief Marketing Officer at FCA regulated Forex brokerage XTB Ltd today was delighted to share the firm's new TV advert with brand ambassador Mads Mikkelsen, star of Hannibal and Casino Royale as well as forthcoming films Dr Strange and Star Wars Rogue One. The campaign is titled "I trade. I love it." In the new spot, Mads…

Read more
April 04, 2016 BY Maria Nikolova

Paul Houston to lead CME Group's FX business

International derivatives marketplace CME Group Inc (NASDAQ:CME) has just announced the appointment of Paul Houston as Executive Director, Global Head of FX. Mr Houston, who joins CME Group from Deutsche Bank in London, will be reporting to Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group. In his new role, Mr Houston will…

Read more