Coutts & Co's Singapore operation has been subject to a $30,000 administrative penalty for contravening rules set forth by the Securities and Investments Act relating to fund managers which do not carry the required authorization
Read moreFollowing yesterday's acceptance by the Russian Duma of the second reading of the proposed FX bill, a third reading has now been scheduled for December 16, which, if accepted, will only require Putin's signature to become official law, however only spot FX will be permitted in Russia
Read moreHaving concentrated for over a decade on emerging markets, Royal Forex expands its reach to the Andipodes with the opening of a new ASIC regulated office in Sydney, Australia, led by former GFT executive Andrew Taylor as CEO
Read moreIn congruence with many firms during November, GAIN Capital's retail and institutional divisions experienced decrements in trading volumes when compared with October's stellar performance
Read more"FastMatch is increasing the transparency level of the FX market to be on par with other asset classes," said Dmitri Galinov, CEO of FastMatch. "This is something we know our clients want and something we believe the institutional FX space needs."
Read moreStuart Scott spent seven years at HSBC as Head of FX Trading for the EMEA region, and was yesterday dismissed following the company's fine for its part in the FX rate manipulation case which was concluded last month, and now faces criminal investigations in the US for leaking client information to a hedge fund
Read more'Churning' of retail traders is one of the most poignant concerns of many of today's FX companies. Optimove CEO Pini Yakuel details his antidote to churning in today's LeapRate interview
Read moreRetail forex broker FXDD and the US National Futures Association (NFA) have agreed on a $500,000 settlement relating to administrative issues, as FXDD has been in process of exiting the US retail forex market making business to act as an introducing broker in the US. As we reported earlier, FXDD sold its US business to…
Read moreConfirming our earlier post on the matter, retail forex broker eToro has successfully raised $27 million from units of China’s Ping An and Russia’s Sberbank. Current investors Spark Capital and BRM also participated in the financing. The round also includes a credit facility from Silicon Valley Bank. Industry sources tell LeapRate that the financing was done at…
Read more