ESMA Chair Steven Maijoor has inferred that it is unlikely that FX trades will be subject to clearing requirement as EMIR and MiFID II draw closer. The question as to whether Europe will impose institutional-style FX trade clearing and reporting measures on retail FX firms was indeed a matter for many FX firms to consider…
Read moreAn outage of just over one hour occurred on the Moscow Exchange derivatives market yesterday. Will confidence be affected? Derivatives trading at Moscow Exchange (MOEX) resumed late yesterday evening after an outage of just over one hour. The Russian venue did not elaborate as to the reason for the disruption, which occurred at 21.43 local…
Read moreCause of suspension still unknown, nor when trading might resume. Moscow Exchange, Russia's largest securities exchange group, has made a terse announcement that it has suspended all derivatives trading for the time being. No reason was given, other than the ME stating that the cause of the suspension is being investigated, and that trading resumption time…
Read moreThe unified bloc's executive European Commission is deciding whether part of the $5.3 trillion (3.15 trillion pounds) a day foreign exchange market should be legally defined as derivatives under the bloc's laws According to a report in Reuters, foreign exchange dealers won't face the added cost of having to clear some currency trades if the…
Read moreThe Hong Kong retail forex broker expects to report a Q1 loss -- lower volumes, higher marketing expenses. It seems as though becoming a public company doesn't necessarily solve all problems for retail forex brokers. Hong Kong based retail FX broker KVB Kunlun (HKG:8077), which went completed its IPO last July on the Hong Kong…
Read moreFeaturing products developed by the broker and its partners, the OANDA Marketplace provides fxTrade clients with vetted tools and services Global FX brokerage OANDA, popular amongst retail traders, is to introduce today OANDA Marketplace – an online directory of tools, software, and products for self-directed investors to augment their trading strategies and to grow their…
Read moreBloomberg claims that alternative Forex ECN ParFX was approached by banks asking if its technology could be applied to other asset classes. Interesting article today on Bloomberg we'd like to make our readers aware of, on the trouble big players in the currency markets have been having with high frequency trading -- which make up 30-35%…
Read moreRussell Andrew Johnson, former director of former Saxo Bank A/S IB Sonray Capital Markets has been committed to six years imprisonment as a result of the company's $46 million demise. The series of events which led to the final sentencing of Russell Johnson, former director of Sonray Capital Markets, by the Australian authorities has…
Read moreAfter seven years as Commissioner during a time of regulatory overhaul at the CFTC, Bart Chilton moves to pastures new Former Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton has joined international law firm DLA Piper in the capacity of Senior Policy Advisor, having commenced his duties on April 15. Mr. Chilton's tenure at the…
Read moreGAIN Capital's acquisitions policy continues as it acquires majority interest in Global Asset Advisors and Top Third AG Marketing The mergers and acquisitions activity among retail FX's large firms continues as GAIN Capital (NYSE:GCAP) has announced that it has completed the acquisition of two specialist firms. Last month, LeapRate reported that the company was to…
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