Law enforcement agencies in Britain are beginning to arrest individual traders who were employed by banks involved in the FX rate manipulation, with British government officials and city veterans calling for more arrests and criminal prosecutions
Read moreIn a Reuters news bulletin that slipped under the radar over the weekend, CME Group (NASDAQ:CME) reported last Friday that it fined three Chicago-based proprietary trading firms for violations stemming from problems with automated trading systems. The firms, 303 Proprietary Trading, Allston Trading and Traditum Group, had no immediate comment or declined to comment. CME…
Read moreA "currency" trader from Yorkshire has vanished along with £130 ($203) million in investors’ cash in an alleged fraud that could be one of the biggest in recent British history.
Read moreA look back at the most intriguing and popular Forex Industry News stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate articles be sure to sign up to our daily Forex Industry News newsletter on the right. → → → Get easy access to our weekly look…
Read moreFollowing his retirement, Michael Romersa has made high value sales of a proportion of his FXCM stock, the latest amounting to approximately $1 million on December 19
Read moreAndrew Saks-McLeod takes a look at the different reactions by different electronic trading entities following the measures taken last week by many companies whilst Russia's economy floundered and ruble liquidity dried up
Read moreCanadian financial regulator Ontario Securities Commission (OSC) has issued a warning regarding binary options broker Option.fm. Option.fm is owned by B. O. Technologies Limited, also doing business as Option Financial Markets. According to the OSC, Option.fm is not registered in Ontario, Canada to engage in the business of trading in securities, or advising anyone with respect…
Read moreSpeculators further pared their net long U.S. dollar position in the latest week to the smallest level in three months, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net long position slid by more than $7 billion to $34.64 billion in the week ended Dec. 16, from $42.19…
Read moreToday, the the Ontario Securities Commission (OSC), an independent Crown corporation that is responsible for regulating the capital markets in Ontario, Canada joined the UK's FCA is providing warnings to prospective and current traders regarding unscrupulous Forex dealers/brokers. As always, if you are a trader reading this - be cautious with which firm to do…
Read moreBGC believes that its $5.45 all-cash offer is clearly superior to the $5.25 stock and cash offered under the CME transaction and urges GFI shareholders to tender their shares.
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