The New York Stock Exchange is putting an end to Stop orders, as well as to GTC (good-til-canceled) orders. The NYSE announced that it will stop taking Stop (sorry for the pun :) ) and GTC orders as of February 26, 2016. All existing Stop and GTC orders on NYSE's books will also be canceled.…
Read moreBarclays PLC (LON:BARC) has just announced that it has reached a settlement with the New York State Department of Financial Services (DFS) in respect of the regulator's investigation into the bank's electronic trading of foreign exchange (FX) and FX electronic trading systems. The probe concerns a five-year period – from 2009 to 2014. The New…
Read moreRetail Forex broker Alpari Limited has made trading on the MetaTrader 4 (MT4) web terminal available on live accounts. The option has been offered since November 16, 2015, the company said today. To make the service more convenient, the broker has integrated the web platform in myAlpari. The advantages of using a browser-based platform are…
Read moreBATS Global Markets (BATS) today announced the successful launch of its second U.S. options market, EDGX Options, which was granted a regulatory approval by the U.S. Securities and Exchange Commission (SEC) in August this year. The new market, based on a customer priority/pro rata allocation model, launched on November 2, 2015, and implemented a phased rollout…
Read moreOnline brokerage TradeKing Group, Inc. today announced that its acquisition of MB Trading has officially closed. This acquisition further expands the scope of TradeKing’s services as the company continues to build a diversified financial services firm to respond to the needs of various types of traders and investors. For the time being, both TradeKing Securities and…
Read moreLeverate, a developer of Forex and Binary Options technology solutions, has sealed a new partnership with Spain's financial investment firm PlusECN. Plus ECN has implemented LXLite, Leverate’s all-in-one brokerage solution, which combines a state-of-the-art trading platform, with instant regulation, streamlined payment processing, and customized risk management, in order to enable brokers be up and running…
Read moreIf you're in marketing or sales for a Forex industry technology provider or broker, it may seem like your life is spent running around the globe from event to event. And if you're home, you are busy preparing for the next conference, expo, symposium... Is it all worthwhile? From our point of view at LeapRate,…
Read moreProvider of financial information services Markit Ltd (NASDAQ:MRKT) on Tuesday announced the launch of a service designed to help banks automatically update their risk systems after netting and compression activity at their clearing houses. The service went live with LCH.Clearnet’s SwapClear and is due to expand to other clearing houses. Netting exposures within a clearing…
Read moreFollowing today's announcement from Playtech PLC (LON:PTEC) that the Financial Conduct Authority decision on the proposed £460 million acquisition of Forex and CFD broker Plus500 Ltd (LON:PLUS) is expected in December 2015, meaning another delay, the broker also published a statement. Plus500 says that: The terms of the Merger Agreement are such that it may be…
Read morePlaytech PLC (LON:PTEC), which in June submitted a £460 million acquisition bid for retail CFD and Forex broker Plus500 Ltd (LON:PLUS), today provided another update on how the approval process for the deal is progressing. The company said that expects the Financial Conduct Authority (FCA) decision in connection with the proposed acquisition of Plus500 in December…
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