AvaTrade acquires the Australian customer book of Sydney based broker YouTradeFX LeapRate

July 30, 2014 BY Mike Fox

AvaTrade acquires the Australian customer book of Sydney based broker YouTradeFX

Leading online FX & CFD broker AvaTrade has confirmed that it has acquired the Australian customer book of Sydney based broker YouTradeFX. This marks another milestone in AvaTrade’s continued expansion in the ever so important Asia pacific markets. Ava Capital Markets Australia Pty Ltd, AvaTrade’s Australian subsidiary, pursued the deal with youtradeFX over several months…

July 30, 2014 BY Andrew Saks-McLeod

Trading interruption at Moscow Exchange main market, as well as equity and bond markets

Following a technical difficulty with the recently instigated FIX Protocol on Moscow's derivatives market this week, an outage on the Main Market occurred today at 16.00 Moscow time.

July 30, 2014 BY Andrew Saks-McLeod

LeapRate Daily FX Industry Catch Up: Presented by Dukascopy TV

July 30, 2014 BY Andrew Saks-McLeod

UBS hires algo expert Pierre Vermaak from Barclays for FX e-trading role

Pierre Vermaak supersedes Thomas Klocker as Head of Algorithmic Trading for fixed income, currencies and commodities.

July 30, 2014 BY Andrew Saks-McLeod

Breaking News: ILQ hit for $225,000 by the NFA post exit from US market, banned from NFA membership

NFA permanently bans ILQ from membership despite exit from US market as result of failure to comply with NFA investigation.

July 30, 2014 BY Andrew Saks-McLeod

As Hong Kong prepares to become FX settlement hub, Peter Pang massively optimistic for Thai expansion

HKMA Deputy Chief Executive Peter Pang speaks enthusiastically to industry leaders about the plans to increase the already substantial FX business in Asia

July 30, 2014 BY Andrew Saks-McLeod

ASIC scrutinized retail firm for over a year due for using former representatives of AAA Financial Intelligence

Keeping good company certainly pays when it comes to representatives which conduct business on behalf of retail firms, as PGW Financial Services enters Enforceable Undertaking following ASIC surveillance

July 30, 2014 BY Mike Fox

Global foreign exchange committee data confirms low Forex turnover...

Traders overall have been lamenting the low volatility, low volume environment seen in 2014, but FX traders in New York have been especially downbeat, with good cause. Semi-annual central bank FX volume data, released earlier this week from the the Foreign Exchange Committees in North America, UK, Canada, Australia, Singapore and Japan, confirmed that daily…

July 30, 2014 BY Mike Fox

Japanese based Nomura's net profit drops 68% in latest quarter

Nomura reports results based on U.S. accounting standards. Like other Japanese brokerage firms, it doesn't release earnings projections.

July 29, 2014 BY Mike Fox

New York’s banking regulator to seek Forex monitors at Deutsche, Barclays...

What is meant by 'monitor' and how exactly they will provide oversight or uncover unethical practices is not quite clear yet.