A busy day for ICAP plc (LON:IAP)... Along with an announcement of a deal that will see it sell its Global Broking and associated information business to Tullett Prebon, ICAP posted its financial report for the six months to September 30, 2015. Total revenues for the period were £595 million ($899m), down 4% from the…
Read moreFurther to an earlier report about discussions between ICAP plc (LON:IAP) and Tullett Prebon Plc (LON:TLPR), both companies have issued statements today, confirming that a deal was agreed. The Board of ICAP has agreed terms with Tullett Prebon for the disposal by ICAP of its global hybrid voice broking and information business to Tullett Prebon,…
Read moreFirst Derivatives plc (LON:FDP), a provider of investment and derivatives technology, has earlier today published its report for the six months to August 31, 2015. In tune with upbeat forecasts, the company registered a strong set of performance metrics, including a steep rise in revenues and profits. Revenue increased by 44% year on year to…
Read moreJapan's Financial Services Agency (FSA) has earlier today updated its Warning List, which includes the names of overseas businesses that lack the necessary registration to target Japanese investors but nevertheless do so. The latest additions to the list are two binary options brokers: Trade-Bo, operating from https://www.trade-bo.com, and Option Ace, operating from https://www.option-ace.com. Both companies…
Read moreResearch outfit Investment Trends has come out with an updated report and survey on the FX and CFD sector in Singapore. Overall, the key findings of the latest Singapore survey which covered more than 11,000 traders and investors includes: The number of FX and CFD traders in Singapore has soared, as Singaporean investors have brushed off…
Read moreUnited States Retail Forex brokers saw client assets on deposit increase in September from August, the increased volatility in August carried into September, especially after the August 24th “Black Monday." A combined $568,306,993 million was reported for September up from the $533,041,270 million of assets on record for August, an increase of 2.76%. The biggest single decline of the "Big…
Read moreGAIN Capital Holdings, Inc. (NYSE: GCAP) today reported Forex trading operating metrics for the month of October 2015. Volumes continue to slow-down heading into the new year, one thing that should drive some end-of-year volatility is December's FOMC meeting. However, we never know what can be around the corner when it comes to the markets...so…
Read moreShortly after the National Futures Association (NFA) announced that it will tighten the requirements regarding cyber security for all of its members, including Forex brokers, another US regulator is considering new cyber security requirements. The New York State Department of Financial Services (NYDFS) has sent an official letter to Financial and Banking Information Infrastructure Committee (FBIIC)…
Read moreThomson Reuters Corporation (TSE:TRI) has earlier today posted the operating metrics for its Forex electronic trading platforms Matching, FXall and the Thomson Reuters SEF for October 2015. The decline in spot Forex volumes, already witnessed in September 2015, continued in October 2015. The result was also lower than in October 2014, which comes as no…
Read moreOANDA Corporation has just released an updated version of its fxTrade Mobile application for Android devices, with the enhancements ranging from new unified settings view to easier access to full screen charts. The new features include: Economic Calendar is now on the phone; Information is more readily at traders' finger tips with a new navigation…
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