April 02, 2014 BY Andrew Saks-McLeod

Changes at the top: Votes take place this month as CFTC is set to shuffle senior commissioners

Senate Agriculture Committee to meet on April 6 to cast votes on three senior level regulatory officials within one of the world's most well-renowned authorities Among the very upper echelons of the US Commodity Futures Trading Commission (CFTC), not only are there some of the world's most highly respected and knowledgeable financial markets regulators, but…

Read more
April 01, 2014 BY Gerald Segal

Moscow Exchange: Turnover increases 50% YoY in March

FX market turnover in February was RUB 23.0 trln (more than double March 2013's RUB 10.1 trln) FX market turnover on the Moscow Exchange in March was RUB 23.0 trln (more than double March 2013"s RUB 10.1 trln), including spot trades of RUB 7.3 trln (32% of the total) and swap trades of RUB 15.7 trln (68%). The FX market's average daily turnover was…

Read more
April 01, 2014 BY Gerald Segal

Saxo Bank launches XAUCNH FX spot cross

The firm also improves spreads on all existing spot CNH crosses Saxo Bank, the largest European-based Forex trading firm (and a member of LeapRate's Approved List of Forex firms) has today added a new FX spot cross to the platforms. The bank is now trading spot gold against Chinese offshore renminbi (XAUCNH). Elizabeth Missfeld who works…

Read more
April 01, 2014 BY Gerald Segal

New Watch EBS mobile forex app – a NetDania white label

Update: NetDania has announced delivery to EBS, of its mobile application in a white labelled version A follow up to our article yesterday on EBS’s new mobile forex app as we have learned the new 'Watch EBS' mobile app comes from financial mobile app vendor NetDania. It is of course a big deal for a…

Read more
April 01, 2014 BY Andrew Saks-McLeod

FCA announces intention to implement preventative measures against LIBOR manipulation

British financial markets regulator announces plans to reduce possibility of rate manipulation by traders The Financial Conduct Authority (FCA) announced plans to look into how firms can reduce the risk of traders manipulating key benchmarks as a central part of its Business Plan for 2014/15, which was published yesterday. Together with several London-based financial institutions…

Read more
April 01, 2014 BY Gerald Segal

Interdealer broker GFI Group selects Lombard Risk for reporting

GFI Group has selected Lombard Risk to handle reporting amid changing regulatory demands Lombard Risk Management plc (Lombard Risk), a leading provider of integrated regulatory reporting, compliance and collateral management solutions for the financial services industry, is pleased to announce that GFI Group has selected Lombard Risk REPORTER for EBA Common Reporting for its operations in…

Read more
April 01, 2014 BY Gerald Segal

IG Index has deployed FioranoMQ from Fiorano Software

Replaces IBM MQ with faster, more robust JMS system Fiorano Software, a leader in enterprise integration middleware solutions, announced that FioranoMQ has been deployed at IG Index, the UK's number one financial spread betting and Forex services provider. Real-time enablement of multiple internal processes, reduced latencies, the addition of new business functionality and improvements in…

Read more