FCA unlikely to go public with its investigation findings before 2015 The Royal Bank of Scotland has announced the suspension of yet another forex trader and unsurprisingly, it is most likely related to the ongoing 4 pm fix investigation. The FX fixings scandal that has engulfed the forex market in recent months is taking another…
Read moreFraudsters solicited $2.3 million for forex trading from 11 individuals The CFTC has issued a press release detailing their latest enforcement action against Ron Earl McCullough and David Christopher Mayhew. The complaint filed by the regulator alleges that both have fraudulently solicited about $2.3 million from 11 investors and have subsequently misappropriated $1.6 million of…
Read moreBitcoin prices on the Japanese exchange are diving to $140 as the promised update by Thursday is delayed We hope that you haven’t been amongst those unfortunate souls that were waiting for the promised announcement of Mt Gox related to the suspended withdrawals from the exchange. Unfortunately the news aren’t any good. The company has…
Read moreAlarmingly the website of ABFX seems to be “under construction”. The Maltese regulator MFSA (Malta Financial Services Authority) has issued a press release outlining that an unregulated forex broker has been operating fraudulently claiming that it is licensed for providing investment services on the island. The entity has been operating under the names ABFX Ltd…
Read moreThe new tool offering is appealing for longer term trend traders, eliminates roll-over charges Leading European forex and CFD brokerage Saxo Bank has announced that is expanding its offerings with an exotic product – futures spread trading. Starting this week the clients of the firm will be able to trade futures spreads on a variety…
Read moreNew campaign for increasing brand awareness could put pressure on costs in the short term The preliminary report for 2013 that the publicly listed CFD broker Plus500 (LON:PLUS) has released yesterday, have caused quite a dramatic share prices spike in London trading. The main points that we already outlined were the revenue doubling over 2012 (even…
Read moreRetail FX volume metrics start 2014 with a bang around the world. The good news? Retail traders are back in force trading currencies in 2014. The even better news? Its not just about momentarily heightened volatility. LeapRate's Retail FX Volume Index, a monthly measure of trading volumes globally in the retail forex sector, soared by 16.5%…
Read more66% of all forex transactions are electronic, to rise to 81% by 2018 A Bloomberg article is citing research from Boston based Aite Group LLC that 66% of all transactions in the currency markets in 2013 have been conducted through electronic dealing. The numbers are only expected to rise in the coming years reaching 81%…
Read moreOffering of OTC derivatives clearing in Asia Pacific on the radar for the CME Group The Chicago Mercantile Exchange (NASDAQ:CME) is looking to partner up with the Australian Securities Exchange’s division ASX Clear in order to form a partnership that offers clearing services for OTC derivatives to Australian brokers, as the American company is looking to…
Read more4% higher over the company’s average month in 2013 January FX volumes at Alpari Russia and the CIS region have come out at $136.6 billion in January 2014. While this is a rise of 24% year-on-year it is far less pronounced if we compared to the average month at the company throughout 2013 that totaled…
Read more