November 16, 2015 BY Maria Nikolova

CLS starts settlements in Hungarian forint

CLS Group (CLS), a provider of risk mitigation and operational services for the Forex market, announces today that it has commenced settling payment instructions in the Hungarian forint (HUF) on behalf of its settlement members. The addition takes the total number of currencies eligible for settlement through CLS to 18. During 2015 CLS has settled,…

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November 16, 2015 BY Maria Nikolova

DFM pursues “Smart Borse” strategy with launch of revamped website

Dubai Financial Market (DFM) on Sunday announced the official launch of its newly designed website www.dfm.ae, adding its weight to the number of companies in the financial services sector redesigning their websites in tune with contemporary demands. The live launch of the redesigned website comes after the rollout of its Beta Version early this year.…

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November 16, 2015 BY Maria Nikolova

ICAP's EBS BrokerTec names Tim Cartledge its Chief Strategy Officer

EBS BrokerTec, the electronic foreign exchange (FX) and fixed income business of ICAP plc (LON:IAP), today announced the appointment of Tim Cartledge as its Chief Strategy Officer. The appointment comes into effect immediately. Mr Cartledge, who will be based in London, will report to Gil Mandelzis, CEO. He will join both the EBS BrokerTec Executive…

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November 16, 2015 BY Maria Nikolova

Alpari extends binary options offering to clients of Mauritius-based subsidiary

Alpari has announced that as of November 12, 2015, clients of its Mauritius-registered subsidiary Alpari International are able to trade binary options. Trading binary options is available via the web-based BinaryTrader platform. The platform offers four types of strategies for trading and 19 underlying assets including precious metals and currency pairs. The expiry times range…

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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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