October 22, 2014 BY Mike Fox
Traiana launches Harmony CCP Connect for Equities and completes first trade
Credit Suisse, J.P. Morgan and Instinet to use Traiana to clear OTC equity trades at LCH.Clearnet and EuroCCP
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October 22, 2014 BY Andrew Saks-McLeod
Bye bye MetaTrader 4! MONEX Group formally announces phase-out
As of November 7, 2014, MONEX Group's Japanese client base will stand down from MetaTrader 4, replicating a company-wide initiative to concentrate on proprietary platforms following subsidiary IBFX's sale of its MetaTrader 4 client base to FXCM for $4.4 million
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October 22, 2014 BY Andrew Saks-McLeod
Deutsche Bank makes bold move in answering ESMA on market abuse proposals
Deutsche Bank, one of the world's largest FX dealers, has submitted its responses to questions posed by ESMA on forming market abuse regulations
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October 22, 2014 BY Gerald Segal
New posting on LeapRate Broker Complaints – 24xp Customer Service
DATE: October 21st, 2014 BY: Evaldas Barcas BROKER: 24xp TOPIC: Customer Service Since 1.5 months I can’t contact customer support in any way. Is it a scam? Does anybody know about this broker’s latest activity? 2 months ago I opened account with 24xp broker, they instantly gave me 50GBP no deposit bonus in real account…
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October 22, 2014 BY Andrew Saks-McLeod
Plus500 triples its worldwide revenue in Q3 2014, whilst existing traders up their volumes
Lean operations and in-house initiatives have been a boon as Plus500 reports nine month revenues of $162.4m, 151% higher than revenue for the comparative period of 2013 and surpassing the total revenue generated in the whole of 2013 by 41%
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October 22, 2014 BY Andrew Saks-McLeod
As new era begins, LCG's interim results depict boost of capital and brighter future
In its interim management statement for the first nine months of 2014, LCG reports net cash and amounts due from brokers of £18.7m, rising to £35.7m after issuing the convertible loan notes on 17 October 2014
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October 22, 2014 BY Andrew Saks-McLeod
Interactive Brokers sees slump in revenues in Q3 of 2014, market making weighs on financials
Whilst many a firm has reported extremely healthy September volumes, Interactive Brokers net revenues in the three months to September 30, 2014 amounted to $171 million, down by 45% from the preceding quarter and down by 47.6% from the $326 million recorded in the same quarter a year ago
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October 21, 2014 BY Mike Fox
UK bitcoin exchange Coinfloor opens deposits up to EUR, PLN and USD markets
Coinfloor, a regulated bitcoin platform based out of London and registered in England and Wales under registration number 08493818, announced on their company blog that after building a track record as a leading UK and Sterling exchange, they are expanding their platform and opening bitcoin trading markets up to EUR, PLN and USD currencies. Some…
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October 21, 2014 BY Andrew Saks-McLeod
Plus500 shares up 6% ahead of Q3 results announcement
Plus500 is set to announce its third quarter earnings for this financial year, with confidence high as share prices having risen at close of business pre-announcement
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October 21, 2014 BY Mike Fox
Op-ed: FX business now shares equities’ margin shrinkage
Reuters has an excellent op-ed piece today outlining the shrinking commissions for FX dealers across the industry spectrum, it has always been about volume, but now more than ever. Dominic Elliot lays out the harsh economics of the FX business. He compared lower commissions of FX to the equity business which also coincided with the…
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