Australia's national financial regulator has obtained a court order against unlicensed FX firm which promised "quick executions, low spreads, and intelligent customer-service", but withheld profits from clients. With the firm now closed by ASIC, the investigation continues.
Read moreBarclays Chairman has established a compliance academy in conjunction with Cambridge University, believing that internal procedure and corporate responsibility is a better approach to good conduct within major FX dealers as opposed to draconian regulation.
Read moreAfter a dismal two months in volatility in the FX markets and lack of volume to show for it...some pickup is starting to occur. Intercontinental Exchange (NYSE: ICE) is reporting 'Total FX' volumes for June at 32K, up from May's 20k which represents a 60% jump MoM. June 2013 stood at 60k, which is off 47% from those…
Read moreThe Board of London Capital Group (LON:LCG) has announced that, at a General Meeting of shareholders held on July 3rd, the proposed investment in the Company by GLIO Holdings Ltd and possibly existing shareholder(s) of up to £17.5 million was approved, through the increase in share capital and waiving of preemption rights. The proposed changes…
Read moreEBS continues to make progress in a positive direction with ADVs during June 2014 representing a 5% increment MoM at $77 billion, echoing LeapRate's prediction for bullish market in June.
Read moreBritish financial giant Barclays in receipt of lawsuit by New York Attorney General Eric Schneiderman in latest governmental crackdown on dark pool activity. Undeterred, FX traders are set to increase use of dark pools.
Read moreUBS AG's (NYSE:UBS) chief global currency strategist has left the Swiss bank as part of its efforts to cut costs and streamline operations, the Wall Street Journal reported yesterday, citing two people familiar with the matter. The Journal said Mansoor Mohi-uddin, who was based in Singapore, joined Swiss Bank Corp in 1998 as an emerging-markets…
Read moreAs the latest move forward in his 18 year career in London's FX industry, Paul Jackson joins London's CFH Clearing as Head of Sales following a stint as Group Sales Manager at LMAX Exchange.
Read moreToday should be a very interesting day in the corporate history of UK spreadbetting firm London Capital Group (LON:LCG). Today's general meeting and shareholder vote will likely determine the fate of LCG - primarily, whether or not it ends up being 'rescued' by a £17.5 million investment to be made by an investor group led…
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