Singapore Exchange Limited (SGX:S68) has earlier today published its operating metrics for November 2015, with Forex volumes staging a drop in monthly terms. In fact, even traditionally robust rupee futures volumes fell last month. In November 2015, total FX Futures volume was 463,449 contracts, down 3% from the 475,887 contracts traded in October 2015. The…
Read moreKCG Holdings, Inc. Class A (NYSE:KCG) has just announced a set of Board changes, with Debra J. Chrapaty and Alastair "Alex" Rampell joining the Board as independent Directors, effective immediately. The company also announced that Daniel Tierney will be leaving the Board of Directors, also with immediate effect. Ms. Chrapaty has more than 25 years…
Read moreThere is one more update from KPMG, the Joint Special Administrators (JSAs) of Alpari UK, the broker that went insolvent following the Swiss franc spike on January 15, 2015... The latest update was published on Thursday, December 3, 2015, and concerns compensation payments to unsecured creditors of the broker. When posting their First Progress Report on…
Read moreProfessor Lex Hoogduin, Chairman of LCH.Clearnet Group Limited, is joining the London Stock Exchange Group Plc (LON:LSE), as a non-executive director. Previous roles of Professor Hoogduin include that of Executive Director at De Nederlandsche Bank (DNB), where he served from January 2009 until July 2011. He has also held a set of economic advisory positions…
Read moreOTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx) that provides clearing services for over-the-counter, or OTC, derivatives, has welcomed Citigroup Inc (NYSE:C) as its first Clearing Member from the United States. "We are pleased to admit Citi as our first US Clearing Member following our receipt of No Action…
Read moreMulti-asset trading and investment expert Saxo Bank has earlier today published its key operating metrics for November 2015, with the month being rather solid for the company, with average daily volumes rising against October 2015 levels and client deposits continuing to grow. Average daily volumes in November 2015 amounted to $10.4 billion, up 5% from the level…
Read moreJapan's retail Forex broker Forex Crown today announced that it is about to terminate offering of the WinFX platform for Forex margin trading. Customers have to close all of their open positions on the platform before market close on December 31, 2015. After that, the company will close all of the positions left open. The…
Read moreSwitzerland's Financial Market Supervisory Authority (FINMA) has updated its Warning List of companies, with the latest addition being Algo Banque. Algo Banque, operating from https://www.algobanque.com, targets investors offering them a range of Forex trading and algorithmic trading services. The company claims on its website that its European office is located in Geneva, Switzerland. The inclusion…
Read moreGaming and betting provider Ladbrokes PLC (LON:LAD) today announced the appointment of John Kelly as Chairman of the Board, with the appointment effective immediately. The management move happens several months after Peter Erskine announced his intention to step down from the Board. Following a successful shareholder vote for the proposed merger with the Coral Group,…
Read moreIG Group Holdings plc (LON:IGG), a leading online trading services provider, today announced the appointment of Peter Hetherington as Chief Executive Officer. Mr Hetherington assumed the role of Interim CEO in October, following the retirement of Tim Howkins. Mr Hetherington was previously Chief Operating Officer and has been a member of the IG Board since 2002.…
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