British 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…
Read moreLifetime 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…
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