ASIC doing what it can to stay ahead of the regulatory game – Senate inquiry ongoing… LeapRate

April 10, 2014 BY Gerald Segal

ASIC doing what it can to stay ahead of the regulatory game - Senate inquiry ongoing...

The Australian Senate is doing an inquiry into the performance of the Australian Securities and Investments Commission (ASIC) ASIC has been busy lately proving their worthiness as competent financial regulators. The watchdog is currently in the midst of a Senate inquiry into its activities and overall performance. A detailed statement from ASIC covers six issues,…

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April 10, 2014 BY Andrew Saks-McLeod

Unlicensed Turkish FX mediation website bankrupt, client cash disappears

Hedefonline's decline leaves Turkish investors 20 million lira out of pocket after company continued operations whilst insolvent for six months raising alarm bells over customer protection measures Retail FX traders have had more than its fair share of exposure to the consequences of unlicensed firms making off with their money, which led to a very…

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April 09, 2014 BY Gerald Segal

FXall continues its climb, leading Forex ECN reports record March at $132bn ADV

FXall up positively in March 2014 to $132bn up from $110bn a year earlier in March 2013; records 8.2% jump from February Reuters reported today that daily spot currency trading volumes on Thomson Reuters fell for a second month in March to $110bn, still showing improvement from long-term lows hit at the end of last year…

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April 09, 2014 BY Gerald Segal

MFSA Warning: Two websites caught falsely claiming regulation in Malta

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…

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April 09, 2014 BY Andrew Saks-McLeod

Dodd-Frank Doubt: CFTC's power to control cross-border derivatives and HFT under fire

US 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…

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April 09, 2014 BY Gerald Segal

First Mexican Bitcoin Exchange Debuts

The 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…

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April 09, 2014 BY Gerald Segal

ICAP deploys Perseus LiquidPath for LATAM connectivity

Moving 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…

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April 09, 2014 BY Gerald Segal

Dubai DGCX's banner March - Gold trading up 32%, Euro futures up 65%

The 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…

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April 09, 2014 BY Andrew Saks-McLeod

FXCM rolls out offshore Chinese yuan trading to global client base

China 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…

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April 09, 2014 BY Gerald Segal

ICAP seeking quicker transition from its forex voice brokers to its electronic-trading platform

ICAP'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…

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