Europe's central bank has lost a court case which would have mandated relocation of firms managing financial trades in euros from London to the Eurozone. With London a strong world financial center, this ruling marks a milestone victory which ensures the continued presence of the electronic trading sector in its de facto home
Read moreRegulatory authorities have continued their disapproving stance with regard to FX schemes which promise very high returns, this time with the NFA banning Texan managed account provider McElhannon Group and its owner, for promising 457% return over a 13 year period
Read moreThe European Securities and Markets Authority (ESMA) and the Reserve Bank of Australia (RBA) have concluded a Memorandum of Understanding (MoU) that will allow RBA to have access to data held in European Trade repositories according to its mandate. The MoU is effective as of February 18th, 2015. The ESMA-RBA MoU is the second cooperation arrangement…
Read moreThe British Columbia Securities Commission (BCSC) has flashed its regulatory teeth again, warning against another unauthorized binary options broker that seeks to lure investors from the Canadian province. In its announcement, dated March 3, 2015, the regulator says that UK Options is not registered to provide any sort of investment services in British Columbia. Bear…
Read moreRoboForex Financial Group shows off some key results and looks back on 2014 by showcasing trading metrics and growth for the company as live accounts pushed above 75,000 clients. Furthermore, the firm stayed busy modifying and launching new projects...
Read moreThe funding initiative, led by The Jenson Seed EIS Fund, will be also be used to expand its reach in key retail markets, invest in sales and marketing resources, further develop its analytics capabilities and expand into new data types, including equities
Read moreKPMG, the firm responsible for the special administration of ill-fated Forex broker Alpari (UK) Limited, has issued another update to (former) clients of the broker. This time the joint special administrators focus on the work of the Claims Portal. After soft-launching the dedicated portal on February 26, 2015, offering access only to 500 clients of the…
Read moreShares in Plus500 Ltd (LON:PLUS) keep attracting investors' attention, especially after the publication of stellar results for the fourth quarter and full year 2014. Another piece of evidence in this respect was apparent today, as JPMorgan Chase & Co. (NYSE:JPM) took its stake in the CFD broker above 5% again. The latest transaction raised the…
Read moreMoscow Exchange (MOEX) suspended trading on the Forex and precious metals market for more than an hour today, with the extraordinary situation blamed on technical problems. Trading on the foreign exchange and precious metals markets was halted today at 11:26 (Moscow Time) and was resumed at 12:40 (Moscow Time). In a subsequent announcement, the Exchange…
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