TradeNext Prime expands institutional team with appointment of former 360T executive
Matthew Mumford, an FX industry figure with over 20 years experience spanning across roles at London Capital Group, Bloomberg, 360T and Tradebook, will be responsible for TradeNext's prime brokerage business
Read moreInvast Securities swings back to profit in Q3 of fiscal year
Invast Securities Co., Ltd. (TYO:8709) has managed to benefit from improved volatility in the Forex market in late 2014 and to return to profitability in the quarter to the end of December. The online trading group, which has operations in Japan and Australia, posted ordinary income of JPY 272 million (USD 2.24m/EUR 2.11m) for the…
Read moreWant to acquire an FX firm? Dipak Rastogi knows how - LeapRate Interview
Former Citi Venture Capital senior executive Dipak Rastogi speaks to LeapRate about FX industry consolidation, what to look for when buying an FX firm, and his plans in his new role at CFH Group where he will assist in the firm's acquisition campaign
Read moreCredit Suisse joins list of liquidity providers to FXSpotStream’s clients
Clients of FXSpotStream LLC, a subsidiary of LiquidityMatch LLC, now have access to liquidity provided by Credit Suisse Group AG (VTX:CSGN), thanks to an agreement between the two companies. Credit Suisse joins an already impressive list of FXSpotStream’s existing liquidity providers that includes names like BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Goldman Sachs,…
Read moreMoscow Exchange launches trading with CNY/RUB futures
Moscow Exchange, the leading marketplace for trading currencies and derivatives in Russia and the Commonwealth of Independent States, is enhancing its trading instruments lineup. Starting today, March 17th, the venue offers its clients to trade futures contracts on the pair Chinese Renminbi/Russian Rouble (CNY/RUB). In its announcement, the Exchange says the main rationale for the…
Read moreForex industry consolidation hits new heights as CFH Group hires Citi VC executive Dipak Rastogi
"As larger banks are pulling out of the prime brokerage space because of increasing margins and balance sheet requirements we view it as a great opportunity for smaller players to join us in a bigger effort to fill the gap left by the banks" - Christian Frahm, CEO, CFH Group
Read moreSafecharge revenues up 78% to $76.9 million in 2014
Safecharge has announced revenues of $76.9 million for the full year 2014, compared to $43.2 million in 2013. Following a very strong fourth quarter, confidence was high pre-announcement, with shares having traded up 5% yesterday
Read moreIG Group underlying revenues up 7.1% to £103.6 million in Q3 of fiscal year
Whilst underlying revenues increased by 7.1% in the third quarter, the net revenue was reduced by £11.8 million to £91.8 million, 5.1% behind the same period last year (2014: £96.7 million) following the SNB event on January 15. IG states that the majority of the ensuing client debts of £18.4 million are provided for
Read more7 years in jail for perpetrators of Australia's largest ever FX insider trading case
Two men were sentenced in Australia's Victoria Supreme Court today to 7 years imprisonment for conducting a $7 million FX insider trading scheme
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