January 13, 2016 BY Mike Fox

Bank of New York Mellon accused of overcharging customers on Forex fees from ADR dividends

Reuters pointed out today that Bank of New York Mellon Corp (NYSE:BK) has been hit with a proposed class action lawsuit accusing it of skimming millions of dollars from clients by overcharging for currency conversions for American Depository Receipt dividends. Filed on Monday of this week in a Manhattan federal court, the lawsuit accused the world's biggest custody…

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January 13, 2016 BY Maria Nikolova

TradingView tells of FXCM data issues

Financial visualization platform TradingView on Tuesday experienced issues with data from one of its FX and CFD data providers – FXCM Inc (NYSE:FXCM). The problem, which affected FXCM native apps and external charting platforms, such as TradingView, was swiftly solved, but left a gap in FXCM data. Below is the full announcement from TradingView: Today one…

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January 13, 2016 BY Maria Nikolova

eToro's updated app for Android offers seamless switching between Real & Virtual accounts

Social investment expert eToro has earlier this month released a new version of its Social Trading application for Android devices, further improving the experience for fans of mobile trading. The new version (2.27) of the application offers the following enhancements: Seamless switching between Real & Virtual accounts; Updated menu layout; Improvements and bug fixes. The application…

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January 13, 2016 BY Maria Nikolova

RoboOption adds 20 new instruments to offering

RoboOption, the binary options platform operated by Cypriot Forex broker RoboForex, has announced that it is beefing up the offering to its clients. The company has added 20 new underlying assets to the lineup, with the new additions including shares in Linkedin and Amazon, indices, as well as several currency pairs. Amid the Forex additions…

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January 13, 2016 BY Maria Nikolova

Alpari registers 5.6% MoM rise in trading volumes in December 2015

Retail Forex broker Alpari has just posted its trading metrics for December 2015, with trading volumes staging a small rise in both monthly and annual terms. The company said its monthly trading turnover in December 2015 was $92.1 billion, a result which is 5.6% higher than the reading of $87.2 billion registered in November 2015,…

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January 13, 2016 BY Maria Nikolova

CMC Markets set to float on LSE in February 2016

Major online trading services provider CMC Markets today officially announced its plans to go public on the the London Stock Exchange (LSE). The admission of the company's shares is scheduled for early February 2016. CMC Markets plc said today that it intends to apply for admission of its ordinary shares to the premium listing segment of…

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January 13, 2016 BY Maria Nikolova

BGC Partners closes on full merger with GFI Group

BGC Partners, Inc. (NASDAQ:BGCP), a global brokerage company servicing the financial and real estate markets, on Tuesday announced the completion of its merger with GFI Group Inc.(OTCMKTS:GFIG), an intermediary and provider of trading technologies and support services to the global OTC and listed markets. Impact on Financial Statements Regarding BGC's consolidated financial results, for the…

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January 13, 2016 BY Maria Nikolova

Japan's FSA warns against binary options broker GBinarys

Japan’s Financial Services Agency (FSA) has earlier today updated its lists of unauthorized investment businesses targeting Japanese investors. Amid the new additions is GBinarys, a binary options brand of Binext Global Ltd, operating from https://gbinarys.com. Although the company provides an address in Marshall Islands, that is, it is registered overseas, the Japanese laws require derivatives…

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