Leading online trading services provider IG Group Holdings plc (LON:IGG) today announced the appointment of Mark Ward as Interim Chief Financial Officer (CFO). Mr Ward is a senior partner at accounting firm Deloitte LLP, and for the last three years he has been at the helm of Deloitte's Investment Management and Wealth sector. He is…
Read moreSaxo Markets, the institutional division of multi-asset trading and investment services provider Saxo Bank, today announced a partnership with DELTA N.V., a Middelburg-based provider of energy, waste management, infrastructure and digital services. The companies seek to disrupt the energy wholesale market by connecting the physical energy world to the financial world. Clients get real time…
Read moreToday FastMatch, the New York headquartered Electronic Communication Network (ECN) platform for Forex trading has notified its clients about their new fee reductions. Effective March 1st, 2016, FastMatch is introducing significant fee reductions to further grab market share. Here are some highlights of the new fee schedule: - $1.50 per million notional for clients trading more than…
Read moreThe Chinese yuan has gained share as international payments currency in November 2015, according to the latest SWIFT RMB Tracker. The data shows that the Chinese currency accounted for 2.28% of global payments in November 2015, up from a share of 1.92% in October 2015. The yuan, however, still lagged behind the Japanese yen (2.68%…
Read moreThe following guest post is courtesy of eToro, a leading social trading and investment network. [divide] The internet revolutionized the way that millions of people access the global financial markets and invest their money. It takes just minutes to sign up to an online broker and open a trading account. There are hundreds - if…
Read moreYesterday's announcement that CMC Markets is going public was certainly big news, but left a number of questions open for those in the industry, and in the London City world as well. At what valuation will CMC go public? What percentage of the company will be publicly floated? How big will the offering be? We are…
Read moreRetail FX broker Alpari Ltd has stopped offering binary options trading on OptionTrader platform, with fx.option accounts no longer supported. According to an announcement on the company's website, trading using fx.option accounts became unavailable effective January 7, 2016. A comment on Alpari's Russian Forum says that the company stopped supporting the platform on January 11, 2016.…
Read moreJapanese online trading company Invast Securities Co., Ltd. (TYO:8709) has just posted key business metrics for the last month of 2015, with operating revenues recovering from November lows, although lagging behind the robust results seen in December 2014. The company reported operating revenues of JPY 281 million ($2.38 million) for December 2015, up 15.2% from…
Read moreIt has been a tough week for shares of retail forex brokers. With the backdrop of heavy volatility in the financial markets (mostly in the down direction), shares of some of the better known names among the publicly traded retail forex brokers have also taken a battering. In the US, Forex.com parent Gain Capital Holdings Inc…
Read moreThe Foreign Exchange Professionals Association (FXPA), a Forex trade body that commenced operations in September 2014, on Wednesday announced the addition of one new member. FXSpotStream, a provider of multibank FX aggregation services, has joined FXPA as an Associate Member. “As a bank-owned consortium bringing greater transparency and efficiencies to the FX market, FXSpotStream is pleased…
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