It looks as if the oil bears have gotten ahead of themselves and were quick to cover shorts as Wednesday's price action saw huge momentum and strength in the black gold. Oil prices shot up in the face of recent rising inventory reports to close back above the $45 handle at the close of American trading…
Read moreHere we go again. Euro-Dollar parity prophets have been strengthened over the past two weeks, as the Euro has dropped in value versus the US dollar. After hovering at around 1.15 on October 14, the past two weeks have seen a steady slide in the Euro's value. The EURUSD dropped more than 1% on Wednesday, falling below…
Read moreSucden Financial (HK) Limited, the Hong Kong subsidiary of Sucden Financial Limited, today announced the appointment of Andy Ko as its Senior Account Executive, in a move further strengthening its Hong Kong team. Mr Ko joins Sucden Financial from Societe Generale in Hong Kong. His previous experience also includes trading and sales roles at NewEdge…
Read moreColt today announced the launch of Colt PrizmNet in the US, connecting providers of financial content – including market data, research and trading services – to capital markets firms, improving trade execution and accelerating global market connectivity. This financial extranet addresses increased client demand for greater transparency and reliable access to new and existing markets,…
Read moreConsortium to develop new technology for global financial markets now comprises 25 banks.
Read moreThe Sanctions Commission of AMF – France's financial markets regulator, today published its decision on sanctions against FXCM Ltd, a subsidiary of US retail Forex giant FXCM Inc (NYSE:FXCM). The company is being sanctioned over violations of French regulations dating back to 2013, when the AMF decided to check whether the broker was meeting its…
Read moreDerivatives markets operator CME Group Inc (NASDAQ:CME) has announced a commercial agreement with Dwolla, a modern bank transfer platform. The arrangement will offer Dwolla's real-time architecture to facilitate on demand payment capabilities for clearing and settlement, as well as streamline payment operations for CME Clearing members and clients. The first application of Dwolla's technology will…
Read moreThe following guest post is courtesy of Rima Khabbaze, Director of Sales at TradeSocio. — Traders change brokers with the same casualness as changing clothes. Why? Because the value and level of differentiation offered by most brokers is not enough to outweigh the benefit of a $1,000+ welcome bonus from another broker. So, how can you improve your trader retention?…
Read moreSucden Financial announced today it has developed a new advanced trading feature on its in-house developed STARtrading platform. The Dynamic Spreader now allows users to monitor and trade on two exchanges/markets simultaneously, taking advantage of any arbitrage opportunities. Traders may trade the sugar premium, for example buying New York (Raw) sugar contracts whilst simultaneously selling…
Read moreBGC Partners, Inc. (NASDAQ:BGCP), a brokerage company servicing the financial and real estate markets, has just reported its financial metrics for the third quarter of 2015, with Forex revenues registering a solid rise year-on-year. The company said that Forex revenues for the three months to the end of September 2015 amounted to $83.7 million, up…
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