October 27, 2015 BY Maria Nikolova

CLS, TriOptima join efforts to launch triReduce CLS Forward FX Compression Service

CLS Group (CLS), a provider of risk mitigation and operational services for the global foreign exchange market infrastructure, and TriOptima, a provider of OTC derivatives post-trade and risk reduction services, announce today the launch of the triReduce CLS Forward FX Compression Service completing the first successful compression cycle for FX forwards and swaps transactions. The…

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October 27, 2015 BY Maria Nikolova

Former GAIN Capital COO Chris Calhoun becomes CEO of Scivantage

Scivantage, a Global FinTech 100 provider of wealth management and cost basis solutions, today announced the appointment of Chris Calhoun, former Chief Operating Officer of Gain Capital Holdings Inc (NYSE:GCAP), as its Chief Executive Officer. Mr Calhoun, who has been on the Board of Directors at Scivantage since 2010, has more twenty years of experience…

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October 27, 2015 BY Maria Nikolova

Interactive Brokers updates mobileTWS app for iOS gadgets

US online trading services provider Interactive Brokers Group, Inc. (NASDAQ:IBKR) has spent some time upgrading and enhancing its multi-asset trading platform Trader Workstation (TWS). And earlier this month the company released a new version (8.8) of its mobileTWS for iOS-powered gadgets, implementing several of the improvements from the desktop TWS in the mobile trading app.…

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October 27, 2015 BY Maria Nikolova

CME hires LSE's Joanne Shannon to run its Europe sales strategy

International derivatives marketplace CME Group Inc (NASDAQ:CME) today announced the appointment of Joanne Shannon as Executive Director and Head of Commercial Development for CME Europe, the London-based derivatives exchange. In her new role, Ms Shannon will be responsible for developing and executing the sales strategy for CME Europe and for helping to expand the infrastructure…

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October 27, 2015 BY Maria Nikolova

Belize's watchdog warns Panteon-Finance is no longer licensed

Several months after Panteon-Finance made it to the “Black List” of Russia's Forex organization CRFIN, Belize's financial markets regulator also voiced its concerns over the company. In a warning dated October 26, 2015, Belize's International Financial Services Commission (IFSC) says that Panteon-Finance Ltd is no longer licensed by the regulator for trading in securities or to…

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October 27, 2015 BY Maria Nikolova

Optimal Payments introduces Net+ VIP Prepaid MasterCard

Provider of online payment solutions Optimal Payments Plc (LON:OPAY), which in August this year completed the $1.2 billion acquisition of Skrill, is widening its offering with the launch of a new product targeting high value customers. The company has announced the launch of its Net+ VIP Prepaid MasterCard®, an exclusive card available to its high…

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October 27, 2015 BY Maria Nikolova

FxPro receives authorization from South Africa's FSB

Retail Forex and CFD broker FxPro Financial Services Limited (FxPro) today announced that it has obtained authorization by the South Africa Financial Services Board (FSB). The license ( no. 45052) allows the broker to operate as a Financial Service Provider in the country. The newly granted authorisation provides FxPro with the opportunity to further grow…

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October 27, 2015 BY Maria Nikolova

Japanese broker Arena-FX changes margin requirements for NZD pairs

Japanese retail Forex broker Arena-FX is about to tighten margin requirements for trades with four pairs with the New Zealand dollar (NZD). The changes come into effect on November 2, 2015, and will affect owners of individual and institutional (corporate) accounts for all of the platforms that the broker offers to its clients, including Trading Station,…

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October 27, 2015 BY Maria Nikolova

KVB Kunlun forecasts steep jump in profits in 9-mo 2015

Hong Kong retail Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has earlier today published a profit warning for the nine-month period till September 30, 2015. The Board informs the shareholders that after a review of the corporate accounts for the first nine months of 2015, profits attributable to shareholders of the broker for the…

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October 27, 2015 BY Maria Nikolova

Monex Group sees profits, revenues rise in Q2 FY 2016

Japanese online trading services provider Monex Group, Inc. (TYO:8698) has earlier today reported its preliminary financial metrics for the second quarter and the first half of its fiscal year to the end of March 2016. The set of results is rather solid, especially when compared with the same period a year earlier when the company…

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