May 22, 2014 BY Gerald Segal
MENA focused Forex broker DCFXbroker gets CySEC CIF license
DCFX focuses on Arabic and Islamic accounts. Until now it was based in Abu Dhabi, and registered in Seychelles.
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May 22, 2014 BY Mike Fox
Press Release: Gold-i increases focus on managed services for next growth phase
Gold-i, the global market leader in trading systems integration, has launched a range of flexible options for retail brokers requiring varying levels of IT support.
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May 22, 2014 BY Mike Fox
Cantor Fitzgerald Europe: Names Gordon Neilly and Angelo Sofocleous as interim Co-CEOs
Cantor Fitzgerald Europe, a leading global financial services firm, today announced that Gordon Neilly and Angelo Sofocleous have been appointed interim Co-CEOs. Mr. Neilly continues to serve as Head of Corporate Finance, and Mr. Sofocleous continues to serve as Co-Head of Equity Trading, based in London. Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co., stated, "Since joining…
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May 22, 2014 BY Gerald Segal
ESMA launches MiFID II consultation process through August 1
Europe's pan-financial regulator European Securities and Markets Authority (ESMA) has launched its consultation process for the implementation of the revised Markets in Financial Instruments Directive (or MiFID II) This marks the first step in the process of translating MiFID II requirements into practically applicable rules and regulations - primarily aimed at improving financial market transparency and strengthening investor protection.MiFID II introduces changes that…
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May 22, 2014 BY Gerald Segal
LeapRate’s Retail FX Volume Index dips 6% in April to $281B daily
Low volatility takes its toll. In what is becoming a very up-and-down year volume-wise (see graph below), Retail Forex brokers saw another down month in April. LeapRate's Retail FX Volume Index fell in April by more than 6% to $281 billion ADV, making April 2014 the slowest (non-December) month since November 2012. Institutional brokers generally…
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May 22, 2014 BY Mike Fox
Market Making function being removed from financial institutions which hold client funds
In a piece by Bloomberg today they talk about large financial institutions removing the market making function within their business, most recent is B of A. We have seen this trend within the last few years in the retail Forex space as the conflict of interest is too much to overcome sometimes creating a barrier…
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May 22, 2014 BY Mike Fox
Binary provider TRADOLOGIC offers one more land-based financial entertainment solution
After the successful launch of TRADINATOR earlier this year, TRADOLOGIC is now introducing TRADO-BAR – another type of land-based solution with implemented games.
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May 22, 2014 BY Gerald Segal
Pre-IPO grey-market stock trading heating up at Forex brokers
Some Forex brokers are offering pre-IPO grey market trading in shares of companies going public - basically a bet on the what the value of the company will be the day after its IPO.
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May 22, 2014 BY Andrew Saks-McLeod
Guest Editorial: Practice makes perfect – and the right software helps too
"The reality behind a career change from doctor to successful FOREX trader." Written by Dr. Neale Starke, professional trader and founder of STIG Trader
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May 22, 2014 BY Gerald Segal
Breaking News: IG Group reports 2014 Revenue below expectations due to weak FX trading
UK spreadbetting leader IG Group (LON:IGG) has issued, as is its custom, a brief financial update just one week before its fiscal 2014 year closes on May 31. And it wasn't great. IG reported that volumes were generally weak in the last quarter of the year due mainly to low volatility in the FX markets.…
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