May 08, 2014 BY Mike Fox
SocGen acquires 100% of multi-asset brokerage Newedge
More consolidation as French Bank absorbs global multi-asset brokerage Newedge which was formed in 2008
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May 08, 2014 BY Andrew Saks-McLeod
Swissquote abolishes minimum deposit amount, instigates intelligent stop-out methodology
Until now, Swissquote stipulated a minimum deposit of $2000 for each client. This week, the firm has put an end to its minimum deposit requirement
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May 07, 2014 BY Gerald Segal
FXCM formal statement on acquisition of FXDD's US client base
FXCM has released a formal statement on its purchase of FXDD's US client base, which apparently included $27 million of client funds spread over 7,000 active trader accounts. The statement follows:
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May 07, 2014 BY Andrew Saks-McLeod
INTL FCStone Inc. Reports Fiscal 2014 Second Quarter Financial Results - Bucking the trend
INTL FCStone publishes its full results for the second quarter of 2014, 400% increase in net revenues during first three months of the year
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May 07, 2014 BY Andrew Saks-McLeod
CFTC adds Banc de Binary affiliate companies and controlling shareholder Oren Laurent to its original complaint
Last year, the US Commodity Futures Trading Commission cited Banc de Binary in what has become an ongoing lawsuit for allegedly soliciting US clients. Today, the CFTC adds the firm's CEO to the complaint.
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May 07, 2014 BY Andrew Saks-McLeod
Breaking News: Final position on FXDD's exit from the US market, client base to be transferred to FXCM
As the retail FX exodus from the US market continues, FXDD has issued a letter to its entire North American client base today stating that FXCM will take over all existing accounts.
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May 07, 2014 BY Andrew Saks-McLeod
Could the easing of China's vice-like grip on FX firms be related to its disdain for Bitcoin?
China's central bank continues to attempt to legislate against the use of virtual currency. With SAFE having granted BGC Partners a license to provide FX Options in China, could the mainland's government begin to view FX as a lesser threat to its strict control over domestic markets?
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May 07, 2014 BY Andrew Saks-McLeod
Swissquote finalizes details of PostFinance's 5% equity investment in the company
Swissquote's Annual General Meeting concluded with unanimous agreement from all shareholders to the Board's proposals, including the 5% equity accrued by PostFinance as part of its recently announced collaboration
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May 07, 2014 BY Mike Fox
Ouch! EBS sees lowest FX volumes in nine years in April at $68.5B ADV
US Treasury volumes see big jump of 35% YoY as Fed juggles with interest rate policy, FX volumes drop...
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May 07, 2014 BY Andrew Saks-McLeod
CFTC portal expands to allow submission of event-specific reports by companies
The US Commodity Futures Trading Commission has made a user-friendly upgrade to its portal to allow companies to submit event-specific reports
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