Precious metals and FX grow closer as OMF selects Quotix to support multi-asset cTrader solution LeapRate

April 25, 2014 BY Andrew Saks-McLeod

Precious metals and FX grow closer as OMF selects Quotix to support multi-asset cTrader solution

Following the direction of a series of large banks which have recently integrated their precious metals desks into the same business unit as FX, New Zealand based brokerage OMF has selected Quotix to support its metals and FX platform provided by Spotware Systems The compatibility of precious metals trading alongside the highly liquid currency market…

April 25, 2014 BY Gerald Segal

Russia downgraded by S&P to near-junk status – good for Russia FX volumes?

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…

April 24, 2014 BY Gerald Segal

London Capital Group's 2013 Annual Report - looking to regain solid footing, planning for internationalization

Report 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…

April 24, 2014 BY Andrew Saks-McLeod

Gaitame Japan sees 25% decline in Q1 revenues

Gaitame 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…

April 24, 2014 BY Andrew Saks-McLeod

HKMA issues statement backing SFC action against Royal Bank of Scotland

Royal 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…

April 24, 2014 BY Andrew Saks-McLeod

FX training firm WALKEReTRAINING launches online eLearning service for FX traders

WALKEReTRAINING 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…

April 24, 2014 BY Andrew Saks-McLeod

Ukraine's currency market makes rapid recovery as central bank declares no requirement for intervention

Just 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…

April 24, 2014 BY Gerald Segal

FXPRIMUS now offering RMB & TURKISH LIRA pairs to it's traders

FXPRIMUS 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…

April 24, 2014 BY Andrew Saks-McLeod

Voice from within: Pepperstone CEO Owen Kerr lauds APAC funds passport proposal

Two 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…

April 24, 2014 BY Andrew Saks-McLeod

Exclusive: tradable's Jannick Malling to co-host hackathon in Tokyo on Sunday April 27

Subsequent 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.…