The leading credit rating agency has injected more volatility into an already volatile situation. Global credit rating agency Standard & Poor's (or S&P for short) has downgraded its ratings of Russian foreign debt to BBB-, just one notch above 'junk' status, keeping its outlook negative. S&P backed its decision by continued capital outflows from Russia, as…
Read moreReport states general confidence of the business has materially improved with challenges ahead London Capital Group Holdings plc (LON:LCG) which is authorized and regulated by the Financial Conduct Authority (FCA) in London released their 2013 annual report to investors this week. The report shows they believe their worst is behind them after a tough 2012…
Read moreGaitame parent Tradition, which also holds an interest in FXDD, reports overall 3% drop in revenue Compagnie Financière Tradition reported first-quarter consolidated revenue of CHF 221.6 million, compared with CHF 235.3m in same period in 2013, a decline of 5.8% at current exchange rates or 2.8% in constant currencies. For the same period, the Group’s…
Read moreRoyal Bank of Scotland's lack of governance regarding unauthorized trading activities in its emerging markets rates business led to action by Hong Kong's futures regulator. HKMA now states that it backs the decision The Hong Kong Monetary Authority (HKMA) reported two days ago that it concurs with the disciplinary action taken by the Securities and…
Read moreWALKEReTRAINING capitalizes on the value of video among the abundance of FX training organizations by launching its interactive eLearning platform which aims to impart knowledge to the retail trading sector WALKEReTRAINING, a new capital markets eLearning company, has today officially launched its services, which include an interactive eLearning platform for new traders as well as…
Read moreJust a few months after severe unrest plagued Ukraine, its central bank has stated that there is no requirement for intervention and that its FX market is stabilizing The Ukrainian central bank sees no need for intervention on the currency market, which has shown signs of stabilization, a bank official has stated today according to…
Read moreFXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients In a constant pursuit towards diversifying its product offering, FXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients. CNH is an offshore version of the RMB introduced by…
Read moreTwo days after Australia's national financial markets regulator issued a consultation paper proposing a funds passport policy between Australia and its Asia-Pacific neighbors, Pepperstone's Owen Kerr considers the benefit to the FX business Following the announcement by LeapRate earlier this week that the Australian Securities and Investments Commission (ASIC) has released a consultation paper addressing…
Read moreSubsequent to tradable having partnered with MONEX to offer its application-based platform to the lucrative Japanese market, the two firms team up for a hackathon consisting of some of Japan's budding developers When considering innovative approaches to trading platforms, tradable is a company which is at the very forefront with its application-based FX trading solution.…
Read moreAlpari has exited the Indian market, closing its Mumbai office in the advent of its anticipated 2015 IPO, with former CEO Pramit Brahmbhatt moving to pastures new Hot on the tails of the many large retail FX firms which engaged in a series of high-value mergers, acquisitions and initial public offerings (IPO) last year is…
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