Lifetime value of retail FX clients is of increasing importance to brokers, especially with retention costs at an all time high. Could FxPro's Infinite Card keep clients engaged and minimize withdrawals? FxPro has today announced the launch of its own branded prepaid card under the designation of FxPro Infinite Card. As the card is issued…
Read moreWill allow GPP to cater to its clients needs better w/ round-the-clock settlement solutions Global Prime Partners (GPP), a leading boutique prime broker, stated in an official press release they have appointed Deutsche Bank to provide execution, clearing and custody services for its rapidly expanding client base of emerging managers, family offices, professional traders and…
Read moreThe extension of no-action relief will expire on June 30, 2014 In an official news release, the U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an extension of time-limited no-action relief to FCMs. On November 14, 2013, the Commission adopted amendments to Commission Regulations 1.20, 22.2, and…
Read moreTransatlantic talent joins LCH.Clearnet in senior position, joining the board of directors on April 25, with additional responsibility as Chair of the firm's US division LCH.Clearnet today announced that Jill Considine has been appointed to the Board of Directors of LCH.Clearnet Group. Jill will join the Board on April 25, 2014. She will also serve…
Read moreSpotware Systems breaks into the American market with live and demo cTrader accounts now available at MB Trading The retail FX industry in North America has become a very poignant subject of discussion since the instigation of the Dodd-Frank Act and its extremely conservative associated rulings which stipulate that all FX brokers have at least…
Read moreThe independence of social trading continues as X Open Hub includes ZuluTrade in its broker solution The onset of opensource solutions with which FX brokers can select the modus operandi themselves prevailed last year, with many technology firms understanding that brokers need to differentiate their product ranges from those of their competitors. This applies also…
Read moreViolations occurred between 2009-2012, CMS was undercapitalized by more than $13 million at one point. The CFTC has fined Capital Market Services LLC, parent of CMS Forex, a total of $275,000. The CFTC has found that CMS did not maintain its required capital levels during at least 17 separate months between March 2009 and October…
Read moreUnclear if and when bill will actually be brought to the Duma An amended bill in Russia effecting FX brokers and dealers, as constituted, would ban all foreign forex brokers from doing business with Russian clients. Only properly regulated Russian brokers will be allowed to operate legally, if and when the bill is actually passed…
Read moreOTC options on USDCNH to be made available on SaxoTrader Platform Saxo Bank, has officially announced the addition of OTC options on USDCNH to its platform to allow clients better access to trading on the offshore Renminbi. We reported this news last Friday when it slid under the radar of Saxo’s March monthly volume report. The…
Read morexCFD will launch of its new mobile trading platform specifically for Android devices In a press release today xCFD, an online retail and CFD broker, has announced it has completed the next phase of its global expansion by accepting Bitcoin deposits and launching a dedicated mobile trading application. The partnership with BIPS, the global Danish Bitcoin…
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