There has been a sharp increment in participant contributions during the last three years. For the year ending December 31, 2012, participant contributions totaled $179,674, increasing to $252,477 in 2013. Whilst that is significantly higher, the increase in 2014 to $668,797 represents a 164% raise compared with the previous year
Read moreThe New York Department of Financial Services (NYDFS) posted a revised BitLicense proposal on February 25, 2015. The revised proposal reflected many steps in the right direction and addressed numerous concerns voiced by Xapo and the bitcoin industry as a whole. Xapo is the company behind the highly anticipated global bitcoin wallet debit card which…
Read moreBGC Partners, Inc. (NASDAQ:BGCP), the global brokerage servicing the financial and real estate markets, today published an updated earnings forecast for the first quarter of 2015. Taking out the results of GFI Group Inc. (NYSE:GFIG), in which BGC Partners recently acquired a majority stake, BGC now forecasts its quarterly revenues for distributable earnings to be…
Read moreJust four years after its previous sale by Clal Industries for $390 million, automatic payment solutions firm Fundtech has been sold to DH Corporation for $1.25 billion, increasing its value threefold since 2011
Read moreInvestment Technology Group (NYSE:ITG) a leading execution and research broker, today announced the launch of ITG Smart Limit Retail Algorithm (SLimit) a retail order-specific version of the innovative ITG Smart Limit Algorithm designed to improve passive trading performance in a highly competitive, fragmented market. ITG SLimit Retail routes passively priced orders, using real-time and historical indicators, to…
Read moreBank of America, Citi Bank and HSBC are interested in setting up offshore branches in India’s first international financial services centre (IFC) in Gujarat. AK Jha, CEO of the forthcoming GIFT City in India’s north was quoted as conveying to the Economic Times of India. "All Indian banks that have offshore branches are willing to…
Read moreAverage daily volumes at newly-acquired institutional ECN Hotspot FX totaled $31.5 billion compared to $26.4 billion in February, whilst total trading volume was up from $528.5 billion to $694.9 billion
Read moreTrading volumes at First Index in March 2015 were £4.6 billion, a remarkable figure for a newly established specialist firm
Read moreMoscow Exchange (MOEX), the biggest marketplace for trading currencies and derivatives in Russia and the countries from CIS, today announced it would adjust risk parameters for some instruments on its Forex and precious metals markets. The changes will come into effect on April 1, 2015, and reflect a decision by the Bank National Clearing Centre.…
Read moreCommencing her new role tomorrow, Ipek Ozkardeskaya will be based in London and will report directly to Charles-Henri Sabet
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