November 16, 2015 BY Maria Nikolova

Belize's financial regulator warns against NewTradeFX

The International Financial Services Commission of Belize (IFSC) on Friday published a warning against Forex and CFD broker Financial Strategy Holdings Ltd., operating as New Trade FX (NewTradeFX) via newtradefx.com. The regulator wishes to inform investors that the business entity in question is not licensed by the International Financial Services Commission or any other competent…

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November 16, 2015 BY Maria Nikolova

DMM Option ceases binary options operations

DMM Option, a unit DMM FX Australia and part of the Japan-based DMM Group, today announced that it will stop providing binary options trading to its clients. The halt is scheduled for this Saturday – November 21, 2015. The company says its focus will be on Forex products, which will still be delivered by DMM…

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November 16, 2015 BY Maria Nikolova

Japanese OTC Forex volumes drop 31.1% MoM in October 2015

Earlier today, the Futures Financial Association of Japan (FFAJ) published the monthly operating metrics of its members that offer Forex and binary options trading over the counter for October 2015. The Forex and binary options segments displayed pronounced decreases in trading volumes last month, with Forex volumes dropping by 31.1% from September 2015 levels and binary…

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November 15, 2015 BY Mike Fox

Emerging markets Forex platform R5FX adds Indian Rupee

India is a rapidly growing major financial market and the launch of Indian Rupee on R5FX follows in-depth discussions with the Reserve Bank of India. R5FX, the emerging marketplace for local market Forex trading just announced the launch of Indian Rupee trading on its platform. Live trading is now available in Indian Rupee (INR), Brazilian…

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November 15, 2015 BY Mike Fox

Barclays Bank Tanzania launches BARX Africa FX trading platform

This week The Daily News, Tanzania's leading English newspaper reported that British multinational bank powerhouse Barclays has brought its institutional trading platform BARX Africa to Tanzania's forex market. BARX, the multi-asset class e-trading solution from Barclays provides access to FX liquidity through its own proprietary platform, via several ECNs, via FIX and DMA. BARX Africa sales is…

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November 13, 2015 BY Maria Nikolova

EU confirms Switzerland's supervision of central counterparties as equivalent

The European Commission has recognized the Swiss supervisory regime of central counterparties as equivalent to the relevant provisions applicable within the European Union (EU). The decision, which was announced today, enables Swiss central counterparties to access cross-border markets in the EU. In order for central counterparties to offer cross-border services from Switzerland within the EU,…

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