One of the first casualties from the January 15 Swiss Franc spike was Boston Prime, the FX prime brokerage arm of Forex IT and technology company Boston Technologies. Boston Prime was declared bankrupt on January 27, unable to collect on money it was owed while itself owing traders and brokerages who were on the right…
Read moreSwissquote Group Holding SA (SWX:SQN) keeps enhancing the technological solutions available to Forex traders. After the launch of the first version of the FXbook Mobile application for Apple Watch in August this year, the company has released an update to the solution, focusing on its compatibility with the smartwatch developed by Apple. The latest version of…
Read moreTrading educator Lex van Dam is making further inroads into the retail forex market. Van Dam's latest client is UK-FCA and South Africa-FSB regulated retail forex broker One Financial Markets. We had reported back in September that van Dam was developing a comprehensive set of apps for the Tradable platform. Other than running his eponymous Lex van…
Read moreThe British Columbia Securities Commission (BCSC) announced on Tuesday that it has imposed a fine and a lifetime ban from the province’s capital markets on Forex trader Hong Liang Zhong. A BCSC panel has sanctioned Mr Zhong over fraud, unregistered trading and promising clients false guarantees to reimburse them for eventual losses. The panel found…
Read moreU.S. Retail Forex client assets from FCM FINANCIAL DATA for the month of October from reports filed by December 3, 2015 showed that Retail Forex based client assets at brokers dipped by just .03% MoM after a slight bump up in September. RJ O'Brien reports for retail FCM now look like a no-show (we will remove from our reports from here out)…
Read moreSingapore Exchange Limited (SGX:S68) and the Chicago Board Options Exchange (CBOE), part of CBOE Holdings, Inc (NASDAQ:CBOE), today officially launched “CBOE Options Institute at Singapore Exchange (SGX)”. Initially announced in July, “The CBOE Options Institute at SGX” forms part of Singapore Exchange's SGX Academy. Classes start today, December 9, 2015, led by Russell Rhoads, Director…
Read moreThe Australian Securities & Investments Commission (ASIC) has imposed a monetary penalty on Etrade Australia Securities Limited (Etrade), a subsidiary of E*TRADE Financial Corp (NASDAQ:ETFC), over an order handling infringement. The company has paid a penalty of $65,000 to comply with an infringement notice issued by the Markets Disciplinary Panel (MDP). The infringement refers to…
Read moreShortly after the release of MetaTrader 4 (MT4) build 920, MetaQuotes Software is ready to launch a new build of the popular MT4 platform. MT4 build 940 is set to be released on Friday, December 11, 2015. The update will feature some minor improvements, including better adaptation for high resolution screens. The terminal interface has…
Read moreOpenFin, the New York and London based fast-growing financial technology provider, today announced that for the first time it is open-sourcing its market-leading HTML5 container technology for financial desktops. The development aims to promote further community collaboration as OpenFin is being used by over 20 of the world's leading banks, buy-side firms and trading platforms. OpenFin…
Read moreCoinbase Exchange informed clients of its Bitcoin trading exchange today that next week they will begin offering volume-based rebates. Their standard maker-taker fee structure still applies, however, traders will now receive a daily rebate based on their trading volume as a percentage of the total 30-day volume for each Coinbase Exchange order book. Maker Orders Maker orders are…
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