With the ability for fund managers, FX firms and IBs to passport funds between Australia and its Asia-Pacific neighbors, Australia could become the world's bridge to the most lucrative regions Australia is widely regarded as a highly valuable region from which Western firms can do business with the coveted Far East. The seizmic shift in…
Read moreDespite MONEX Inc having doubled its brokerage commission revenue compared with the previous financial year, its overall revenues and net income during the initial part of 2014 is the lowest since early 2013. MONEX Inc, a major wholly-owned subsidiary of Japanese giant MONEX Group, has today released its financial results for the fiscal year ended…
Read moreGold-i receives the Queen's Award for innovation, CEO Tom Higgins to attend reception at Buckingham Palace Ordinarily, it is widely recognized in the FX industry that all awards are completely bogus and are provided to companies in return for some other consideration. On this basis, LeapRate avoids all mention of awards whether they are provided…
Read moreIn its quest to revive the ill-fated Japanese bitcoin exchange, the high-profile investment group interested in purchasing it resorts to the unorthodox method of seeking the assistance of MtGox's creditors Following the announcement last week that a group of investors is seeking to revive bankrupt Bitcoin exchange MtGox, a website has been launched in order…
Read moreESMA Chair Steven Maijoor has inferred that it is unlikely that FX trades will be subject to clearing requirement as EMIR and MiFID II draw closer. The question as to whether Europe will impose institutional-style FX trade clearing and reporting measures on retail FX firms was indeed a matter for many FX firms to consider…
Read moreAn outage of just over one hour occurred on the Moscow Exchange derivatives market yesterday. Will confidence be affected? Derivatives trading at Moscow Exchange (MOEX) resumed late yesterday evening after an outage of just over one hour. The Russian venue did not elaborate as to the reason for the disruption, which occurred at 21.43 local…
Read moreCause of suspension still unknown, nor when trading might resume. Moscow Exchange, Russia's largest securities exchange group, has made a terse announcement that it has suspended all derivatives trading for the time being. No reason was given, other than the ME stating that the cause of the suspension is being investigated, and that trading resumption time…
Read moreThe unified bloc's executive European Commission is deciding whether part of the $5.3 trillion (3.15 trillion pounds) a day foreign exchange market should be legally defined as derivatives under the bloc's laws According to a report in Reuters, foreign exchange dealers won't face the added cost of having to clear some currency trades if the…
Read moreThe Hong Kong retail forex broker expects to report a Q1 loss -- lower volumes, higher marketing expenses. It seems as though becoming a public company doesn't necessarily solve all problems for retail forex brokers. Hong Kong based retail FX broker KVB Kunlun (HKG:8077), which went completed its IPO last July on the Hong Kong…
Read moreFeaturing products developed by the broker and its partners, the OANDA Marketplace provides fxTrade clients with vetted tools and services Global FX brokerage OANDA, popular amongst retail traders, is to introduce today OANDA Marketplace – an online directory of tools, software, and products for self-directed investors to augment their trading strategies and to grow their…
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