January 24, 2014 BY Gerald Segal

FX Transparency launches FX trade analysis tool

Did you get the best execution price on your trade? FXT Analytics can help you We have a new player in forex benchmarking practices that aim to provide proper verification mechanisms to institutional traders and brokerages alike. The company’s name is FX Transparency and it has just introduced its product called FXT Analytics. The application…

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January 24, 2014 BY Gerald Segal

Former Oppenheimer Fund Manager settles with SEC for $100,000

Brian Williamson has misrepresented a fund’s internal rate of return 10 times from 3.8 to 38.3% US Securities and Exchange Commission has issued a statement detailing its settlement with formar portfolio manager from Oppenheimer & Co. Brian Williamson. The regulator has imposed a permanent ban from the securities industry and the defendant will pay $100,000…

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January 24, 2014 BY Gerald Segal

AxiTrader co-founder Quinn Perrott leaves the company

Perrott had relinquished most of his management duties last year to new AxiTrader GM Alex Mackinnon. In what seems like an orderly and planned exit, AxiTrader co-founder Quinn Perrott has resigned for stated personal reasons. Perrott does remain a shareholder and board member. After hiring his own replacement in the person of ex-ODL and FCStone exec Alex…

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January 23, 2014 BY Gerald Segal

FCA cracking down on money laundering, fines Standard Bank £7.6 million

The bank ignored connections to politically exposed persons connected to companies operating from known money laundering jurisdictions The Financial Conduct Authority has issued a press release announcing that it has fined Standard bank PLC £7.6 million for failing to enforce proper anti-money laundering rules and procedures to ensure that corporate customers are not connected to…

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January 23, 2014 BY Gerald Segal

LMAX introduces trading in virtual currency Ven

Unlike Bitcoin, Ven’s price depends on a basket of currencies, commodities and carbon futures UK’s FCA regulated LMAX Exchange has announced its introducing trading for an alternative digital currency named Ven starting today according to a blog post on the Wall Street Journal’s website. This virtual currency has been introduced all the way back in…

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January 23, 2014 BY Gerald Segal

Saxo Bank launches social trading

Saxo Bank is morphing its TradingFloor.com research site into a social trading platform Our twitter feed has just presented us with some fresh information surrounding Saxo Bank’s exposure to the social trading environment. According to their social media account the Danish brokerage is transforming its Tradingfloor.com portal into a fully operational copy trading environment. Up…

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January 23, 2014 BY Gerald Segal

CySEC bans Bonuses tied to trading

Bonuses will only be allowed if funds are free to withdraw whenever the client wishes This could totally change the retail forex industry, and the way client acquisition and retention is done. It’s been only a day since CySEC outlined its priorities for 2014 and today we have the first steps taken in the direction…

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January 22, 2014 BY Gerald Segal

CySEC outlines its priorities for 2014

Renewal of investor confidence in Cyprus, investor training and modernization highlight CySEC’s plans for 2014 Cypriot financial regulator CySEC has assembled briefing with local media yesterday outlining future goals for the Commission and some review of the challenging year already behind us. The press release issued on the matter details the Commission’s priorities for the…

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