January 18, 2016 BY Mike Fox

FxGrow launches MT4 webtrader

CySEC regulated Forex broker FxGrow, fresh off a redesign of the company website now has added an addition of an MT4 based WebTrader to the brokerage platform offerings along with MT4 desktop. The FxGrow WebTrader platform is available now, and traders can get access to it online with no downloads or installations necessary. The same MT4 credentials gives you access to…

Read more
January 18, 2016 BY Mike Fox

FX recruiting firm Jimmy Red merges with Fintech recruitment solution Red Executive

Glasgow-based startup Jimmy Red Recruitment has merged with Malta-based, market-leading Digital Technology recruitment solution Red Executive. The merger will provide Red Executive with a bigger presence in the Fintech and Financial Trading sectors, while strengthening its market-leading position in the UK and on the continent. Winner of S1 Jobs’ Small Recruiter of the Year award in 2015, Jimmy…

Read more
January 18, 2016 BY Mike Fox

PBoC raises the reserve ratio requirement on offshore yuan

Today we learned from multiple reports emanating from the People's Bank of China (PBoC) that the Chinese central bank is going to place a reserve requirement on offshore renminbi, still mostly traded through Hong Kong banks. The move could be aimed at discouraging speculators that continue to bet that the CNH - offshore yuan could go lower. This all…

Read more
January 18, 2016 BY Mike Fox

BSE launches algorithm trading test environment

BSE, Asia’s oldest stock exchange and now the world’s fastest stock exchange with a speed of 6 microseconds today launched a new service for Algorithm Trading test environment in partnership with Symphony Fintech Solutions Pvt Ltd.  This will enable all market participants to test their trading algorithms in Equity, Equity Derivative and Currency Derivative segments…

Read more
January 18, 2016 BY Maria Nikolova

AxiTrader adds China A50 index to offering

Leading Australian retail Forex and CFD broker AxiTrader continues to build its offering. Shortly after the addition of the Nikkei 225 index to its lineup of tradable instruments, the broker is now presenting its clients with the opportunity to trade the FTSE China A50 index. The FTSE China A50 Index is considered as the benchmark for investors…

Read more
January 18, 2016 BY Maria Nikolova

Japanese OTC Forex volumes rise 18% MoM in December 2015

The Financial Futures Association of Japan (FFAJ) has earlier today posted the monthly operating metrics of its members that offer Forex and binary options trading over the counter for December 2015. The Forex and binary options segments both showed significant increases in trading volumes last month, with Forex volumes staging a rise of 18% from…

Read more
January 15, 2016 BY Maria Nikolova

GMO Click registers 24% MoM jump in revenues in December 2015

GMO Click Holdings Inc (TYO:7177), the parent company of Japanese online trading giant GMO Click Securities, today posted its preliminary financial metrics for December 2015. After a subdued November, the company managed to see a recovery in its operating revenues, which reached JPY 2.53 billion ($21.6 million) in December 2015. The result, which is the…

Read more
January 15, 2016 BY Maria Nikolova

Ireland's CCPC approves proposed merger of Betfair, Paddy Power

Less than a month after the proposed merger of Paddy Power plc and Betfair Group Ltd (LON:BET) got the nod of consent of the UK Competition and Markets Authority (CMA), the deal secures the approval of Ireland's Competition and Consumer Protection Commission (CCPC). The Irish watchdog today announced that it has cleared the proposed merger.…

Read more
January 15, 2016 BY Maria Nikolova

FxPro changes margin requirements for ZAR pairs

Retail Forex broker FxPro today announces pending changes to the margin requirements for positions with currency pairs with the South African Rand (ZAR). The company said it will be increasing the margin requirements for all ZAR pairs to 1%. The new requirement will be effective January 18, 2016 (Monday) at 00:00 (server time). FxPro explains that…

Read more