After seven years as Commissioner during a time of regulatory overhaul at the CFTC, Bart Chilton moves to pastures new Former Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton has joined international law firm DLA Piper in the capacity of Senior Policy Advisor, having commenced his duties on April 15. Mr. Chilton's tenure at the…
Read moreGAIN Capital's acquisitions policy continues as it acquires majority interest in Global Asset Advisors and Top Third AG Marketing The mergers and acquisitions activity among retail FX's large firms continues as GAIN Capital (NYSE:GCAP) has announced that it has completed the acquisition of two specialist firms. Last month, LeapRate reported that the company was to…
Read moreRisk management and proper practice has prevailed in one specific OTC derivatives asset class in Australia - the trading of wholesale electricity Australia is well recognized among OTC derivatives firms worldwide as being a highly efficient jurisdiction in which to do business, a reputation which has gained it acclaim among many of the large FX…
Read moreCySec commenced consultation on the exposure to company directors and shareholders recently. Advocate Tal Ron extrapolates the caveats to be considered by FX firms including the splitting of capital between bank accounts On April 10 this year, CySec issued a consultation paper which relating to the exposures to directors and shareholders. In order to ensure…
Read moreCredit Suisse says everything normal with FX trades, will investigations agree? Following their own internally conducted review, Credit Suisse (NYSE:CS) states on Wednesday that it has not found anything "materially untoward" in how it trades foreign currencies, the bank's finance chief David Mathers said on Wednesday following the publication of its first-quarter results. The bank…
Read moreSubstantial increase in net revenues to $355 million demonstrates Interactive Brokers' assured place as one of America's most successful retail FX firms Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) yesterday reported its quarterly metrics for the first three months of 2014, depicting a very healthy start to the year for the company. Diluted earnings per…
Read moreBuy, buy, buy! JP Morgan crosses 10% ownership stake in Plus500 In continued bullish fervor, JP Morgan crossed over 10% in ownership stake of Plus500 (LON:PLUS). Just last Friday, JPMorgan had increased its interest in Plus500 to 6.8%. Also, reported several weeks ago JPMorgan had hit a 4% holding in Plus500. Does the steady pace…
Read moreA year and a half after its launch, Windsor Brokers' GWAZY platform gains an IB portal, an essential component for relationship-based client acquisition Introducing a proprietary trading platform to meet the requirements of a specific target market is a somewhat costly and resource-hungry task, however for Cyprus-based Windsor Brokers, continued investment in exactly that is…
Read moreFew electronic trading companies in history have demonstrated the tenacity of KCG, which has recovered from adversity in less than two years America's conglomerates are often extremely astute when it comes to restoring the status quo following an unpredicted spot of misfortune. In relative terms, one year and eight months is a very short time…
Read moreFX to be a topic at the 2nd annual summit hosted by Reuters in May Thomson Reuters announced the 2nd Australian Regulatory Summit will be hosted in Sydney on May 13, 2014, with support from the Australia Securities and Investments Commission (ASIC), Australian Prudential Regulation Authority (APRA), The Office of The Privacy Commissioner, Hong Kong…
Read more