Russia's Centre for Regulation in OTC Financial Instruments and Technologies, also known as CRFIN, has been diligently performing its oversight functions of the Russian Forex market to the degree that its status of a self-regulatory organization permits. One of the main functions of CRFIN is to inform traders and investors of fraudulent projects and companies…
Read moreRetail Forex broker EXNESS has joined the growing group of companies taking extra measures to limit currency trading risks by adjusting margin requirements on certain trading instruments. The company has announced that it will raise margin requirements on a number of pairs, starting from February 16, 2015, with the changes applying to all trading account…
Read moreFXCM Inc (NYSE:FXCM) today announced certain key operating metrics for January 2015 for its retail and institutional FX business. It's main competitor within the 'states Gain Capital, yesterday reported their operating metrics for January, with their retail volumes increasing 18% MoM to $279.6 billion. Meanwhile, today we learned that FXCM reported a 3% MoM gain for it's second…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today issued a circular to Cyprus Investment Firms (CIFs) over the need to establish strict controls and monitor foreign exchange risks. The circular reminds all investment firms that the law, particularly Directive DI144-2007-14, obliges them to establish strategies and policies for taking up, managing, monitoring and mitigating the risks…
Read moreDirect from the FXIC Latin America conference in Mexico City, Divisa Capital CEO Mushegh Tovmasyan takes a close look at the internal components of prime brokerage, liquidity provision and execution model, whilst looking to the future of expansion into exciting and emerging markets
Read moreThe Dubai Gold & Commodities Exchange (DGCX) recorded a robust start to the year, with a total of 1,176,111 contracts traded in January, an increase of 22% over December 2014. The metals segment was the main driver of volume growth, growing 24% month-on-month with 55,661 contracts traded. DGCX’s flagship product, Gold Futures led the growth,…
Read moreThe Swiss Financial Market Supervisory Authority FINMA has opened a consultation on the draft revised version of the FINMA Anti-Money Laundering Ordinance. The revised ordinance reflects both the revised Anti-Money Laundering Act of 12 December 2014 and the revised Financial Action Task Force recommendations. The revised ordinance also includes insights gained from supervisory practice and…
Read moreAlpari Russia is having issues with illicit use of the “PAMM account” trademark, it became clear today, as the retail Forex broker published an open letter to Forex Trend, warning the company to stop using the well-known designation for its services. In the open letter Alpari stresses that the PAMM methodology was developed by its…
Read moreBMFN CEO Luis Sanchez, along with two senior colleagues, in a candid discussion with LeapRate's Andrew Saks-McLeod at the FXIC conference in Mexico City, elaborates on his firm's five year presence in Mexico, and what brokers should consider when approaching Latin America
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