Alpari RU, the retail Forex broker, announced today the pending termination of the biggest part of its CFD offering. The company said the reason for the rather drastic move is the low take-up of these instruments by its clients. The decision will affect all contracts for difference apart from CFDs on Brent and WTI oil…
Read moreAfter a series of transactions which took JP Morgan Chase & Co's interest in Plus500 down to 4.66% in late February, the investment bank has increased its stake in the FX firm to 10.46%
Read moreFormer head of the U.S. Justice Department’s criminal division Jason M. Weinstein has joined BitFury as an adviser, hoping to rid blockchain technology of its nefarious stigma
Read morePaul Robson faces sentencing in 2017 for rigging LIBOR, representing the first trader to face a ban, which could be followed up with a criminal conviction in the UK, along the same lines as the one already on his record in the US
Read moreAn official notice was released this week from the European Securities and Markets Authority (ESMA). It states that the supervision of automated trading has become more convergent across the European Union (EU), in which a recent review by the pan-European regulator headquartered in Paris has found. ESMA reviewed how the 30 national competent authorities (NCAs)…
Read moreUAE regulated and recently UK FCA regulated FX brokerage ADS Securities has announced today they are continuing it's high performance racing sponsorship of race driver Louis Delétraz. We first reported on the coverage of this unique sponsorship back in November of last year. As mentioned, Q1 of 2015 has seen the brokerage house open up…
Read moreCitigroup and Barclays will reportedly settle a lawsuit with private investors who say the banks manipulated forex rates within the week. The Banks are expected to pay up to a combined $800m to settle the lawsuit, considerably larger payments than those made by JP Morgan and UBS who have settled their parts of the same…
Read moreTwo of the leading equity research analysts covering FXCM at Keefe Bruyette & Woods and Citigroup cite a share value of $0.50 to $2.79 for FXCM.
Read moreBritish Chancellor of the Exchequer George Osborne will no longer allow banks to write the cost of penalties for market abuse or mis-selling down against tax, a move which will raise over £5 billion in tax revenue by 2020
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