We in the FX trading world sometimes forget that moving FX rates affect people and businesses in the real world. And for many this weekend, it doesn't get more real than paying more for Valentine's Day flowers. Valentine’s Day romantics face paying more for a bunch of roses thanks to adverse foreign exchange rates which…
Read moreThere is some development in the story about the UK prosecution of Alex Hope, the mastermind of a fraudulent FX investment scheme, and his accomplice Raj Von Badlo (also known as Raj Shastri)... Southwark Crown Court today ordered nearly £2.65 million ($3.86 million) to be returned to investors who had entrusted their money in a…
Read moreOne of the key themes we have covered in the past few months has been our expectation of increased competition in the lucrative UK online trading market in 2016. Toward the end of 2015 a number of leading UK spreadbetting and Forex/CFD brokers have rebranded, launched brand new websites, introduced new & improved trading platforms…
Read moreKCG Holdings, Inc. Class A (NYSE:KCG) has just published its trade volumes metrics for January 2016, with the first month of the new year bringing a steep increase in market making volumes for the company. In Market Making, KCG averaged $36.2 billion dollar volume traded, 4.9 billion shares traded, and 4.7 million trades per day…
Read moreRetail Forex broker YJFX, a subsidiary of Yahoo Japan Corporation (TYO:4689), has reported of a serious clients data breach. A former employee of the broker has stolen more than 180,000 pieces of information about YJFX clients, with the information ranging from transactions details to names of the clients and their bank account data. The analysis…
Read moreFXCM Asia, formerly a part of FXCM Inc (NYSE:FXCM) and currently a wholly owned subsidiary of Rakuten Securities, has issued an Important Notice to its clients. The Hong Kong-based Forex broker notes recent market swings and asks its clients to pay attention to margin levels in order to make sure that they have sufficient funds to…
Read moreThe U.S. National Futures Association (NFA) on Thursday posted a reminder about the new cybersecurity requirements that all of its members, including Forex brokers, will have to meet from March 1, 2016. The new requirements are outlined in the Cybersecurity Interpretive Notice issued by the NFA last year. The Commodity Futures Trading Commission (CFTC) approved the…
Read moreMetaQuotes Software, the developer of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, has just released an updated version of its MT5 mobile application for Android devices. The MetaTrader 5 Android build 1224 provides more detailed information about trading information, as a new window has been added to the tablet version of…
Read moreGMO Click Holdings Inc (TYO:7177), the parent of Japanese online trading giant GMO Click Securities, today published its preliminary financial metrics for January 2016. The company has managed to see a rise in revenues, continuing a trend that was already exhibited in December 2015, when GMO Click's operating revenues marked a month-on-month rise of 24%.…
Read moreRetail Forex broker DMM FX Australia Pty Limited (DMM FX) today unveiled a set of pending changes to its trading conditions, including new spread levels for 27 currency pairs, such as the popular EUR/USD and GBP/USD. The new spreads will be effective 9:00 am (AEDT) Monday, February 22, 2016. You can find details about the…
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