April 16, 2014 BY Andrew Saks-McLeod

FX industry Advocate Tal Ron explains CySec's consultation paper on directors and shareholders

CySec commenced consultation on the exposure to company directors and shareholders recently. Advocate Tal Ron extrapolates the caveats to be considered by FX firms including the splitting of capital between bank accounts On April 10 this year, CySec issued a consultation paper which relating to the exposures to directors and shareholders. In order to ensure…

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April 16, 2014 BY Gerald Segal

Credit Suisse gives itself clean bill of health in FX rate fix investigation

Credit Suisse says everything normal with FX trades, will investigations agree? Following their own internally conducted review, Credit Suisse (NYSE:CS)  states on Wednesday that it has not found anything "materially untoward" in how it trades foreign currencies, the bank's finance chief David Mathers said on Wednesday following the publication of its first-quarter results. The bank…

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April 16, 2014 BY Andrew Saks-McLeod

Interactive Brokers reports Q1 earnings for 2014 - A return to form

Substantial increase in net revenues to $355 million demonstrates Interactive Brokers' assured place as one of America's most successful retail FX firms Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) yesterday reported its quarterly metrics for the first three months of 2014, depicting a very healthy start to the year for the company. Diluted earnings per…

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April 16, 2014 BY Gerald Segal

JP Morgan keeps buying and hits 10% holding in Plus500

Buy, buy, buy! JP Morgan crosses 10% ownership stake in Plus500 In continued bullish fervor, JP Morgan crossed over 10% in ownership stake of Plus500 (LON:PLUS). Just last Friday, JPMorgan had increased its interest in Plus500 to 6.8%. Also, reported several weeks ago JPMorgan had hit a 4% holding in Plus500. Does the steady pace…

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April 16, 2014 BY Andrew Saks-McLeod

Relationships Matter: Windsor Brokers adds IB portal to GWAZY platform

A year and a half after its launch, Windsor Brokers' GWAZY platform gains an IB portal, an essential component for relationship-based client acquisition Introducing a proprietary trading platform to meet the requirements of a specific target market is a somewhat costly and resource-hungry task, however for Cyprus-based Windsor Brokers, continued investment in exactly that is…

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April 16, 2014 BY Gerald Segal

Reuters to Host 2nd Australian Regulatory Summit in Sydney

FX to be a topic at the 2nd annual summit hosted by Reuters in May Thomson Reuters announced the 2nd Australian Regulatory Summit will be hosted in Sydney on May 13, 2014, with support from the Australia Securities and Investments Commission (ASIC), Australian Prudential Regulation Authority (APRA), The Office of The Privacy Commissioner, Hong Kong…

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