French bank BNP Paribas dealing with ever changing regulatory environment BNP plans a separate derivatives clearing business, as part of its near term strategy to increase earnings at its fixed income business. BNP Paribas will shift its OTC client clearing and FX prime brokerage operations alongside its listed derivatives clearing business. The businesses had previously sat…
Read moreSwiss financial regulatory authority FINMA appoints Mark Branson as CEO, whilst Yann Wermeill steps down from Executive Board to be superseded by two newcomers The FINMA Board of Directors has unanimously appointed Mark Branson to the post of CEO of the Swiss Financial Market Supervisory Authority FINMA. His appointment has been approved today by the…
Read moreCypriot division of Kiev-based institutional and retail brokerage firm found to have not maintained correct anti-money laundering procedure Cypriot regulatory authority CySec has today imposed a €12,000 total administrative fine on the Cyprus division of institutional and retail multi-asset brokerage firm Dragon Capital. The company, whose head office is in Kiev, Ukraine, has operations in…
Read moreAs the search for missing virtual currency which contributed to the demise of MtGox continues, will co-operation with police unearch missing Bitcoins? Failed Bitcoin exchange MtGox has today announced via its website that it intends to work alongside the Police in relation to the disappearance of $490 million worth of Bitcoins. MtGox's website which has…
Read moreAfter five and a half years at OANDA's Asia Pacific operation, Tracy Simone Tan assumes senior directorship position OANDA has promoted Tracy Simone Tan to Director of Business Operations for the Asia Pacific region. This particular promotion to senior management represents a significant progression in Ms. Tan's career, an industry professional who has held a…
Read moreGranted formal approval for the investment advisory business registration by the JFSA Copy trading platform provider Tradency has been recognized as a Japanese Financial Services Agency (JFSA) investment advisory business, according to a press release issued today. The JSFA is formally treating and categorizing this type of signal copying under the umbrella of an investment advisory…
Read moreUK division of European financial giant settles early with FCA to avoid fine of almost £17.7 million following FCA inspection which unearthed improper advice on investment products Amid the Financial Conduct Authority (FCA)'s current drive toward strengthening its regulatory stronghold over individuals and companies which offer financial advice to retail clients, the British regulatory authority…
Read moreRegular explanatory seminars for prospective clients held at City Index Israel generates 50 to 70% acquisition rate and encourages long lifetime value A great deal of consideration is given toward the most effective method of attracting clients and maintaining their loyalty within retail FX companies, a factor which is critical due to not only the…
Read morePerseus provides many of the world’s fastest market-to-market routes Perseus Telecom has announced that it will offer trans-Atlantic Wireless Access; 33.84ms Milliseconds New York to Frankfurt. The service is accessible from NY4 to Frankfurt FR2 data centres with the performance on the link at 67.68ms RTD currently, reducing to 67.39ms RTD in July 2014 with…
Read moreAustralian broker FP Markets beefs up FX execution with LMAX In an effort to boost its FX offering to clients FP Markets (FPM) out of Australia has partnered with LMAX Exchange. Matthew Murphie, Managing Director of FP Markets commented in the press release: “We are thrilled to have teamed up with LMAX Exchange as their…
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