Leading UK online spreadbetting and financial trading firm IG Group Holdings plc (LON:IGG) today issued a trading update regarding its financial performance for the quarter to November 30, 2015 – that is, the second quarter of its fiscal year to May 31, 2016. IG said it performed well in quieter markets over the last three…
Read morePaysafe Group Plc (LON:PAYS), formerly Optimal Payments, today provided an update regarding its investigation into alleged breaches of customers' data. The company said that third-parties have illegally obtained data related to limited account details from 3.6 million NETELLER accounts and basic personal details relating to 4.2 million Skrill accounts. Paysafe notes that less than 2%…
Read moreIt has been nearly two months since New Zealand's Financial Markets Authority (FMA) voiced its concerns over the growing number of complaints it receives over Forex companies that are registered in the Financial Service Providers Register (FSPR). It seems that the FMA was not the single regulatory body in New Zealand to be concerned over this…
Read moreThe Financial Futures Association of Japan (FFAJ) has just published the statistics of its members for the quarter from July 1, 2015 to September 30, 2015, with the data showing increases in over-the-counter and on-exchange Forex trading volumes. Domestic exchanges saw 12.04 million FX margin contracts traded in the July-September 2015 quarter, up 18.4% from…
Read moreToday the International Monetary Fund or IMF will vote on whether to include the Chinese currency, known as the renminbi or yuan as the fifth member of its special drawing rights (SDR) currency basket. It has always been expected with the economic rise of China that the currency would eventually be included, however, China has been…
Read moreThe following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. [divide] In February of 2014, MtGox, the first and largest Bitcoin exchange, filed for bankruptcy. At the time of the bankruptcy it held over $400 million in client funds. At that time MtGox CEO Mark Karpeles declared that…
Read moreA short note on the proposed acquisition of Betfair Group Ltd (LON:BET) by Paddy Power plc... The companies today announced that the proposed deal will be put to vote on December 21, 2015. To become effective, the Scheme of arrangement of the deal will need to be approved at Betfair's Court Meeting and will require…
Read moreMauritius-registered Forex broker Alpari International Limited today announced the pending closure of nano.mt4 accounts, as the company seeks to optimize its product offering. From December 1, 2015, the opening of nano.mt4 and demo.nano.mt4 accounts will be unavailable. On December 4, 2015, at 23:59:59 EET, all positions left open on such accounts will be automatically closed…
Read moreCypriot financial regulator CySEC has released the first round of its findings following comprehensive reviews of the operations of a number of CySEC-regulated brokers in both the Forex and Binary arenas. CySEC's initial review has resulted in fines for a number of brokers, ranging from €123,000 up to €340,000. In addition to the fines, CySEC…
Read moreHong Kong's Securities and Futures Commission (SFC) has updated its Alert List, with the latest additions including Forex brokerage IQSFX. The company, offering its services via www.iqsfx.com, provides an address in Hong Kong, which is incomplete, the watchdog says. Furthermore, the name of the company resembles that of IQS Financial Limited, a business entity which…
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