BATS is looking to raise $100 million. Its IPO filing provides some interesting insights into its Hotspot FX unit, including Hotspot Revenues and Profits.
Read moreShortly after the launch of the Moving Average trend indicator in test mode in MetaTrader 4 Web, MetaQuotes Software is beefing up the lineup of technical analysis tools available to users of the browser-based platform. The company has recently announced the upcoming implementation of the MACD oscillator in order to demonstrate the indicator operation on a…
Read moreProvider of online international payment services Ozforex Group Ltd (ASX:OFX), which is currently considering a takeover proposal from The Western Union Company (NYSE:WU), today announced its rebranding the single global brand ‘OFX’. The key point of the rebranding is to reflect the global nature of OFX’s business, making the company more identifiable to customers globally and…
Read moreApple Pay is about to enter the booming Chinese market thanks to a partnership between Apple Inc. (NASDAQ:AAPL) and China UnionPay Co., Ltd., the operator of China's only national electronic payment network, announced today. Apple Pay is set to become available to China UnionPay cardholders as soon as early 2016 pending relevant tests and certification…
Read moreIt is a tough time to be holding petro-currencies. It seems that the Fed's FOMC meeting move of a 25 basis point rate hike - the first such rise since 2006 - has traders focused on continued US Dollar strength. That means weakness in US Dollar denominated products such as Crude Oil, which witnessed a…
Read moreFrance's financial markets authority AMF has earlier today updated its “Black List” of unauthorized Forex brokers targeting French investors. The regulator added five new names to the list: www.consorfx.com / Trading Technologies HK Ltd; www.equitycapitals.com / Equity Capitals Ltd; www.ifx4u.com / The Oklycapital Limited; www.imcbroker.com / Nordane Group Ltd; www.investocopy.com / Investocopy Ltd. Some of…
Read moreAs we predicted earlier this week when the announcement was made, FXCM Inc (NYSE:FXCM) shares are in for a lot of volatility and speculation until the company clarifies the situation. Which announcement? And what situation? First, the stats on FXCM shares the past three trading days: Mon Dec 14 - Closing price $8.08, up 52%…
Read moreThe UK Competition and Markets Authority (CMA) today announced that it has decided not to refer the anticipated merger of Paddy Power plc and Betfair Group Ltd (LON:BET) to a Phase 2 investigation under the provisions of the Enterprise Act 2002, thus giving its consent for the deal to proceed. Betfair expects that the deal,…
Read moreRetail Forex broker Exness on Wednesday informed its clients that it has amended the procedure for changing margin requirements on weekends and holidays. In accordance to the changed rules on providing leverage, increased margin requirements will take effect for orders opened from 19:00 GMT +0 on Friday through 23:00 GMT +0 on Sunday. The margin…
Read moreCMC adds veteran directors Malcolm McCaig and Manjit Wolstenholme to its board. Is an IPO looming? Reports filed today within the UK Companies House registry show that CMC Markets, the UK FCA regulated CFD and spread betting provider has officially appointed two new financial vets in Malcolm McCaid and Majit Wolstenholme to their board of directors. CMC has made their IPO…
Read more