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…

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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…

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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…

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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…

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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…

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April 04, 2016 BY Maria Nikolova

Saxo Payments Survey: Only 38% of payments-related business think they get competitive FX rates

Saxo Payments, a subsidiary that Saxo Bank established in 2013, today made available a white paper, entitled “Cross Border B2B Payments – Today’s landscape; Tomorrow’s opportunity”. The document states that 63% of payments-related businesses are dissatisfied with the speed of cross border payments, and only 38% believe they get a competitive FX rate. The paper is…

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April 04, 2016 BY LeapRate Staff

Is it Gambling or is it Trading?

Yael Warman, Content Manager at Leverate, takes an interesting look at a topic that is frequently on the minds of Forex brokers, traders, and regulators: Is Forex trading gambling, or trading? There are differences, but there are also many similarities. People tend to call Forex and Binary Options trading "gambling" and some folks get offended…

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