US federal regulatory authority accepts $20,000 settlement from Ascona Management and Andrew Keller, following assertions that Mr. Keller was withdrawing company capital to remunerate himself and pay consulting fees
Read moreFollowing FXCM's official announcement last week that it was to acquire $63 million in client equity and 13,000 accounts via the transfer of IBFX's client base, MONEX Group confirms the transaction as the most recent in a series of high value acquisitions by FXCM
Read moreAmerica's wholesale acceptance of Bitcoin has made its way across the Atlantic as British Chancellor of the Exchequer George Osborne prepares to include it in the 2015 Budget.
Read moreApparently someone has it in for CySEC Chairman Demetra Kalogirou. The following announcement went out via CySEC's website on Friday (original in Greek, edited Google Translate follows): The Chairman of the SEC Ms. Demetra Kalogirou complained to Police today, regarding the spreading of malicious phone messages (SMS) which seems to refer to her as the sender. Ms.…
Read moreFX Week is reporting lack of demand and a recent FCA review into best execution has led FXCM to move away from its principal business since August 30th
Read moreCME Group, the world's leading and most diverse derivatives marketplace, announced a record volume trading day for yesterday, September 4th, in its Foreign Exchange options complex. FX options reached $32.4 billion in notional value (231,307 contracts) surpassing the previous record of $26.1 billion (174,941 contracts) set on May 5, 2010. 94% of the options, or…
Read moreLots of Forex M&A in the news lately. After buying both FXDD's and Alpari's US operations, leading retail forex broker FXCM (NYSE:FXCM) has now closed on a deal to buy IBFX's US and Australia clients. IBFX is a subsidiary of Japan's Monex Group. FXCM will be acquiring approximately $63 million in client equity and 13,000…
Read moreWe're still in the midst of reporting August FX trading volumes, however in a few weeks we should see a major improvement from the so-far-slow 2014 when September figures roll around. As expected, yesterday's surprise ECB rate cut caused not just a 1%+ drop in the Euro against major currencies, but also engendered a spike…
Read moreAUD to struggle to break through the 94 cent mark? Sean Callow, Senior Currency Strategist of Westpac gives us the Aussie dollar's latest forecast
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