April 30, 2014 BY Gerald Segal

Bloomberg to list bitcoin prices, offering key stamp of approval

Digital-currency enthusiasts on Wall Street and pro-bitcoin venture capitalists argue newly regulated and professional exchanges are needed to generate the kind of trading volumes that would smooth out bitcoin's price, whose volatility is seen as an impediment to its widespread adoption News coming from Bloomberg, stating the company plans to list bitcoin prices on its…

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April 30, 2014 BY Gerald Segal

CMC Markets selects Gresham CTC to reconcile global cash movements

Solution can immediately highlight any discrepancies that occur helping CMC Markets to minimize operational risk and benefit from real-time financial certainty Gresham Computing plc today announced that CMC Markets, one of the leading providers of financial spread betting and CFD trading, is implementing Gresham's Clareti Transaction Control solution (CTC) to automate the reconciliation of cash…

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April 30, 2014 BY Andrew Saks-McLeod

Meitan Tradition becomes wholly owned subsidiary of Tradition

Switzerland's Compagnie Financiere Tradition has today announced that it has purchased the remaining share of is Japanese joint venture partner Swiss interdealer broker Compagnie Financiere Tradition (CFT:SIX Swiss Ex) has announced today that after a long and successful partnership with its joint venture partner in Japan, Central Tanshi, both entities have agreed to reorganize the ownership…

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April 30, 2014 BY Andrew Saks-McLeod

MONEX Japan creates MONEX Ventures to strengthen corporate VC efforts

MONEX Group rebrands its venture capital enterprise in a move to concentrate further on investing in innovative start ups, a timely move for the conglomerate which today reported increased revenue figures for the year ending March 31, 2014 Japanese FX conglomerate MONEX Group (TYO:8698) has today announced that it is strengthening its corporate venture capital effort thorough…

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April 30, 2014 BY Andrew Saks-McLeod

CurrencyFair passes $1 billion in matched retail currency transactions

Founded by Aussies in Ireland, CurrencyFair looks to disintermediate FX transfers for retail clients Dublin-based peer to peer currency exchange CurrencyFair has broken the $1 billion mark in money matching transfers according to a report by the Irish Times yesterday. The firm considers this a milestone for the international transfers sector, a division of the…

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April 29, 2014 BY Gerald Segal

Alpari UK posts $10 million loss in 2013

Alpari UK 2013 financial statements indicate flat revenues at £55.7M, a £6.3M net loss, £100M of client balances, and $97B average monthly volumes. LeapRate Exclusive... LeapRate has had an exclusive look at the just-filed 2013 financial statements of retail forex broker Alpari UK. The company posted a loss of £6.3M ($10.4 million) on revenues of £55.7M ($93 million) for…

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