Saxo Bank, the Danish company that combines the roles of a retail Forex broker and a bank, earlier today posted its operating metrics for February 2015, with results lagging behind the robust performance seen in the start of the new year. Average daily Forex volumes at Saxo amounted to USD 9 billion in February 2015,…
Read moreCFH Systems has invested in dedicated fibres between London and Beijing, bridging the FX liquidity of London with mainland China. Working in conjunction with China Unicom, a Chinese internet provider, CFH’s new connectivity solution will be live by the end of April 2015
Read moreEurope'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…
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