In addition to a net profit of £500,000, LMAX Exchange achieved $1.9 trillion in annual trading volumes, and gross revenues of £26.2 million, up 45%, while gross profits stood at £16.5 million, up 80% over 2013's results
Read moreThe rights of customers cannot be subordinated to the self-interest of trader profit. The duties of financial institutions to those who entrust them with their investments must be respected. Where there is a failure of this responsibility, it must be clear that there will be accountability” - Michael D. Hausfeld
Read moreBarclays is subject to £1.53 billion in fines from 6 US and British authorities, representing the highest fiscal penalty paid so far by any single institution with regard to the FX manipulation cases that have been ongoing since mid 2013
Read moreThe financial services giant has reached a settlement with DoJ and the Fed, along with an agreement to settle a private class action in the US.
Read moreRBS will pay penalties of $395 million to the DoJ and $274 million to the Federal Reserve to resolve the investigations. As previously disclosed, RBS remains in discussions with governmental and regulatory authorities in other jurisdictions in relation to conduct within its FX business
Read moreUnder the DOJ resolution, JPMorgan Chase & Co. will plead guilty to a single antitrust violation and pay a fine of $550 million. Under the resolution with the Fed, the Firm will pay a fine of $342 million and has agreed to the entry of a Consent Order. The Firm has previously reserved for these settlements
Read more‘We are excited to be located on Collins Street, the heart of Melbourne’s Finance industry" - Owen Kerr, CEO, Pepperstone
Read moreOdey bought further 1,795,437 shares in Plus500 on Tuesday, signaling that some investors see the low share price of the broker as an opportunity rather than a problem.
Read moreTwo days after selling $585,000 worth of company stock, FXCM independent director James Brown has sold a further 207,970 shares, at a value of $312,000
Read moreThe firm breached Cypriot investment laws by appointing a tied agent without registration and by not obtaining necessary information from clients regarding their level of knowledge of the services they signed up for.
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