UK regulated financial services companies had better ensure that their IT systems work properly. Using the excuse 'it was a computer glitch' doesn't fly any more. UK financial regulator the Financial Conduct Authority (FCA) has today fined the Royal Bank of Scotland (NYSE:RBS), National Westminster Bank (NatWest) and Ulster Bank a total of £42 million (about…
Read moreAustralia financial regulator ASIC has taken action to permanently shut down unlicensed FX broker KiwiFx Bank, operating via website www.kiwifxbank.com, formally incorporated as Vault Market Pty Ltd. ASIC has also removed KiwiFx Bank's sole director, Anamul Amin, from the financial services industry. This outcome continues what ASIC calls its crackdown on the FX industry. ASIC has…
Read moreBinary options platform provider TRADOLOGIC has announced a partnership with newly formed gaming company Iconic Corporation. Iconic is developing a multi-platform gaming destination, where casual, fun seeking gaming enthusiasts compete to predict the outcome of real-time or future events within a social, entertaining and competitive gaming environment. Iconic is currently operating under a Malta Gaming License issued…
Read moreContinuing a marked upturn since the summer, LeapRate’s Retail FX Volume Index climbed 6% in October to $360 billion ADV – making October 2014 the best month ever for retail forex brokers, besting June 2013’s record $341 billion. Several leading retail Forex trading platforms reported best-ever (or best-in-a-long-time) volume metrics for October such as: FXCM (first time…
Read moretradimo.com has entered the lucrative and competitive world of client acquisition with a mobile game-based app, initially available only through selected brokers, to engage an audience that has never contemplated trading.
Read more“With monetary easing under way by the ECB and Swiss inflation still trending below target levels, the SNB will have to extend the currency cap against the euro into mid-2016 at the very least,” said Bernard Yaros, associate economist at Moody’s Analytics in West Chester, Pennsylvania.
Read moreThe ability to manage risk within retail brokerages is sometimes the preserve of the prime brokerage or liquidity provider. Gold-i's new profitability enhancing tool provides hybrid A and B book brokers to tailor strategies for specific clients
Read moreThe Indian subcontinent has become highly active in the spheres of Forex and CFD trading, and the number of clients from this region is constantly growing.
Read moreOne of the biggest jurisdictions in the world is still without a Forex law, as lawmakers remain reluctant to discuss the Forex bill. The second reading of Russia's Forex bill, which was supposed to be finally held yesterday, got postponed again. A protocol from a meeting of the Council of the State Duma (the lower…
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