Shares of Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) dropped more than 16% in value on Monday and Tuesday, following the company's release of its Q4 and full year 2015 financial results at the end of last week. While our initial report correctly indicated that KVB registered a 170% YoY jump in…
Read moreSpecial Administrator KPMG has issued a further update on the bankruptcy of retail forex broker Alpari UK, showing what it calls the Illustrative Financial Outcome for Alpari UK clients. Note that it has been more than 14 months since Alpari UK entered bankruptcy proceedings, following heavy losses the company took on the Swiss Franc spike of January…
Read moreBitPay has just announced a new partnership with Hanover-based bitcoin payments company PEY. PEY will be using BitPay's bitcoin payroll API to offer bitcoin salary and benefits payments for businesses in Germany. Early last year, PEY integrated BitPay's payment gateway API into bitcoin payment terminals used by German merchants. Since then, PEY has been seeking…
Read moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) and leading provider of intelligent information for businesses and professionals Thomson Reuters Corp (NYSE:TRI) today announced the implementation of new measures to improve and further develop the LBMA Silver Price Benchmark. The enhancements stem from ongoing consultation with participants and approval of the independent Oversight Committee. These new…
Read moreCürex Group, the buy side forex client-focused execution services and data analytics company, today announced it entered into an agreement with FX Connect, State Street’s multi-counter party trading system and a market leader in end-to-end FX execution services. As a result of this new agreement, Cürex has become an execution destination accessible via FX Connect, allowing…
Read moreEdgewater Markets, a NYC headquartered industry leader in electronic forex aggregation and distribution to global institutional clients, today announced the company has raised a $30 million growth equity minority investment led by FTV Capital. This first institutional capital raise will be used to enhance the company’s technology platform, grow the sales team and expand its…
Read moreRetail Forex broker HotForex, a brand of CySEC-regulated HF Markets (Europe) Ltd, has redesigned its website (www.hotforex.com) in tune with a trend gaining increased popularity amid Forex brokers. The website now puts the stress on the broker's updated offering, including the MT4 Web platform. This offering is presented primarily with images rather than text, which makes…
Read moreMen are from Mars, women are from investment-lacking Venus...
Read moreJava runtime solutions provider Azul Systems today announces a partnership with provider of operational in-memory computing Hazelcast. Azul Zing, Azul's Java Virtual Machine (JVM), gets certified and supported in Version 3.6 of Hazelcast Enterprise. Hazelcast’s formal support for Zing, makes it easier for enterprises to build and deploy memory-based webscale Java applications. Hazelcast and Azul…
Read moreSingapore Exchange Limited (SGX:S68) today announced the addition of Taiwan-based JihSun Futures Co., Ltd to its list of derivatives market trading members. The admission of JihSun Futures Co., Ltd takes the total number of Trading Members in SGX’s derivatives market to 50. The derivatives market also has 24 Clearing Members. There are also 11 Clearing…
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