Diversification into other asset classes has been on the agenda for many FX companies this year, and with China's government showing interest in participating in overseas markets, Interactive Brokers introduces the trading of exchange-based stock on Shanghai-HK Connect
Read moreWith over 22 years of industry experience spanning some of the most prominent FX firms, Andrew Taylor heads up the newly founded Royal Financial Trading, which two days ago joined the OTC Markets tiered marketplace
Read moreThe Wall Street Journal has reported that CySEC-regulated retail forex broker eToro is close to finalizing a $15 million investment from Chinese insurance giant Ping An and Russia's largest bank, Sberbank. The financing is strategic, with both Ping An and Sberbank to help eToro expand in their respective home markets, China and Russia, following the…
Read moreAfter surging to record volumes in September, things cooled off a little in October for CLS, the world's largest FX settlement service - and therefore a good proxy for overall activity in the world's currency markets. The average daily input value submitted to CLS in October was $5.29 trillion, down 10.9% from a record $5.94…
Read moreA source familiar with the matter said the ECB's decision seemed to be related to currency manipulation fines from last week. Citi was fined the most of the six banks involved, just outstripping the $1.012 billion levied on J.P. Morgan.
Read moreAfter several painful months during which FOREX MMCIS attempted to resolve its financial difficulties, the firm has finally closed its doors, leaving behind a potential loss to several thousand clients
Read moreSwitzerland's prominent FX marketplace Dukascopy Bank has turned ten years old, during which time substantial changes have taken place across the entire industry, with the company placing an emphasis on growth and development of high technology enterprise brokerage solutions, and pioneering diversions into televised media
Read moreThe US Securities and Exchange Commission (SEC) today suspended trading in four companies that claim to be developing products or services in response to the Ebola outbreak, citing a lack of publicly available information about the companies’ operations. The SEC simultaneously issued an investor alert warning about the potential for fraud in microcap companies purportedly…
Read moreDeutsche Börse AG today announced the purchase of a minority stake in R5FX Ltd., a London based FinTech firm specializing in emerging currencies, for an amount in the single-digit millions (in British pounds).
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