Multi-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.…
Read moreRussia’s Commission for the regulation of relations in the financial market (KROUFR) has updated its “Black List” of investment firms that customers should be wary of. The latest addition to the “Black List” is Rinkost Markets, a Forex and binary options broker, targeting mainly Russian clientele via https://www.rinkost.ru. KROUFR is including the company in the…
Read moreThe US Securities and Exchange Commission (SEC) today announced fraud charges against three Chicago-based traders accused of circumventing market structure rules in a pair of options trading schemes. The SEC alleges that twin brothers Behruz Afshar and Shahryar Afshar and their friend and former broker Richard Kenny mismarked option orders to obtain execution priority and…
Read moreSaxo Bank Head of FX Strategy John Hardy takes a look at what is arguably one of the ECB's worst communications failures.
Read moreIntercontinental Exchange Inc (NYSE:ICE), an international operator of exchanges and clearing houses, has just published its operating metrics for November 2015. Unlike the majority of the industry, ICE managed to see a rise in Forex volumes last month compared to October 2015. In annual terms, however, the situation was less rosy and Forex volumes staged…
Read moreEBS, the electronic Forex brokerage division of ICAP plc (LON:IAP), has just added its voice to the chorus of companies reporting weak Forex volumes for November 2015. Trading volumes at EBS declined in monthly and annual terms, hitting their lowest level since July 2014, when average daily volumes amounted to meager $70.6 billion. Average daily…
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