The Board of Directors of National Futures Association (NFA) announced it has elected Michael C. Dawley, Managing Director and co-head of futures and derivatives clearing services at Goldman Sachs & Co., to serve a one-year term as Chairman. The Board also elected Maureen C. Downs, President, Rosenthal Collins Group LLC, to serve as Vice-Chairman. In addition, the…
Read moreThe Ontario Securities Commission (OSC) continues to add unlicensed Forex brokers to its Warning List. Less than a month after one of the strictest Canadian financial regulators issued a warning against retail forex broker Sumo Forex Limited, the watchdog publishes a warning against CMS Ventures Limited (also known as Pandorx Ventures Ltd.) The company is…
Read moreCySEC-regulated Forex broker RoboForex has announced that it will change the margin requirements for positions in CFDs on US and German companies' shares. The new margin requirement for these instruments is 5%, compared with a current level of 2%. The changes are effective February 22, 2016. The margin requirement for CFDs on indices and oil…
Read moreRenewed speculation on negotiations between FXCM and Leucadia to restructure the 'Leucadia loan' is heating up.
Read moreCBOE Holdings, Inc (NASDAQ:CBOE), the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE), announced on Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.23 per share. The quarterly cash dividend of $0.23 per share of common stock will be payable on March 18, 2016, to…
Read moreAn interesting report in Reuters asks if the glory days of FX trading are over. The FX market's status as the world's largest, built up over decades of rampant globalization, deregulation and growth in financial services, is unlikely to be relinquished any time soon. But the glory days, according to Reuters, may be over. Overall…
Read moreReduction of block sizes for FX futures on CME Europe Limited.
Read moreRegulators are scrutinizing FX dealing platforms that contain last look, a controversial practice that enables market makers to delay or reject trades after they’ve agreed to a quoted price.
Read moreFurther to our earlier report on eToro's new joint venture with Russian bank Sberbank to serve the Russian online trading market, Sberbank has put out a formal press release. The original PR can be seen here. The full text follows below. As we wrote in our previous article, the eToro-Sberbank joint venture follows the December…
Read moreRussian business news websites Finam.ru and Finanz.ru have reported today that retail forex broker eToro has agreed on a joint venture with Russia's largest bank Sberbank. The JV will serve customers in Russia, and will be integrated with applications at Sberbank, according to Sberbank Chairman and CEO Herman Gref. The JV structure is yet to be…
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