Two entities found operating under various names and which purport to be licensed by the MFSA The Malta Financial Services Authority (MFSA), showing they are acutely surveying the forex brokerage scene issued an investor warning alert last weekend. They found two websites imitating well known legit brokers, and who also were falsely claiming to be…
Read moreUS government department issues bill exposing bipartisan congressional legislation which curbs the scope of CFTC's powers Assumption that the US authorities had completed their implementation of the Dodd-Frank Wall Street Reform Act's rulings on OTC derivatives once it had been finalized was widespread and in keeping with America's highly methodical regulatory structure as last year drew…
Read moreThe platform is currently a standard exchange service between bitcoins and Mexican Pesos. Bitcoin Magazine™ reports that Bitso, the only platform on which to exchange bitcoins for Mexican Pesos is going live today. Interested parties will be able to register at bitso.com. The company emphasizes that its platform has been designed with ease of use and power…
Read moreMoving ahead with electronic trading boost - ICAP accesses Perseus LiquidPath network in Brazil and Latin America Perseus Telecom, the provider of connectivity, High Precision Time and Market-to-Market networks, has announced that ICAP has become a customer accessing the LiquidPath network in Brazil and Latin America. Perseus LiquidPath covers connectivity, hosting, consulting, high precision time and real-time…
Read moreThe gold contract’s exceptional performance saw DGCX’s overall precious metals segment registering year-on-year growth of 38% The Dubai Gold & Commodities Exchange (DGCX) reported some very strong numbers today with gold futures up 38% for March from the previous year, Euro futures also saw a spike.Total volumes in March increased 2% from the previous month…
Read moreChina has become the focus of the majority of FX firms over recent years, and despite the difficult entry barriers, many have succeeded, resulting in demand for Chinese currency China is often viewed by many FX industry participants as a treasure trove with a very securely locked door. Indeed, there is a very large potential…
Read moreICAP's new technology will be packaged as an EBS offering under the name eFix Matching As reported yesterday in the Wall Street Journal, brokerage giant ICAP PLC is seeking to transform its London-based foreign-exchange voice brokers into active promoters of its electronic-trading platform. This is the newest move by a financial firm to cut humans out…
Read moreBritish regulatory authority warns against another clone of a bona fide firm as the latest in an increasing wave of firms attempting to dupe clients by using similar names Imitation, as the well-worn adage goes, is the finest form of flattery. That is, if the imitation intends no harm. Quite the opposite, in fact, to…
Read moreAs new trading platforms continue to proliferate the retail FX sector, Ariel Communications launches a solution which allows funds to be held centrally and distributed to multiple platforms Many FX firms have recently favored the use of shared wallet solutions which allow trading platforms which serve different purposes to access a common client base, a…
Read moreThe move away from fixed physical infrastructure is being furthered by British FX, CFD and spread betting company CMC Markets with inception of FX liquidity aggregation on the cloud Liquidity management and software solutions provider smartTrade Technologies has today announced that CMC Markets has selected the firm's LiquidityFX solution for FX and precious metal asset…
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