FX marketing professional Bart Burggraaf of MediaGroup London explains why product and strategy matters more than pretty advertisements I am willing to concede that product and strategy can flow from a great creative idea and that in the past many major advertising successes came from a Creative who found the golden nugget in an otherwise distinctly un-shiny…
Read moreHong Kong became the first offshore yuan trading hub in 2004, followed by London in 2011 According to the latest SWIFT RMB Tracker (February 2014), the top offshore RMB hub remains London (excluding Hong Kong and Mainland China). Singapore is right behind London in weight and rank and is gaining volume. Singapore yuan clearing volume…
Read moreINTL FCstone Ltd and INTL Global Currencies Ltd are to be placed as one business, based in London INTL FCStone has today announced that it has received authorization from the UK's Financial Conduct Authority to consolidate the entire operations of its two British subsidiaries, which are INTL FCStone Ltd and INTL Global Currencies Ltd, both…
Read moreLondon-based STIG Trader aims to mitigate burden of manual trading with launch of MT4-based trade management software Innovation is most certainly the key to not only growth but also survival in today's highly contested FX software business. The very nature of the FX industry itself dictates that reliance on ever-evolving technology is paramount to engage new…
Read moreCFTC issues $2.1 million financial penalty to Mitchell Huffman of Charlotte, NC, in addition to criminal sentencing two years prior The U.S. Commodity Futures Trading Commission (CFTC) announced yesterday that it has obtained a federal court supplemental Consent Order requiring CFTC Defendant Mitchell Brian Huffman, of Charlotte, North Carolina, to pay a $2.1 million civil…
Read moreLeading Forex ECN wants to combat FX market manipulation, such as price ‘flashing’ We learned today in a press release that Thomson Reuters Matching, the leading anonymous electronic matching service for the FX market is proposing changes to it's Matching Rule Book. The changes will apply to both Thomson Reuters institutional FX platforms, FXall and…
Read moreSpurious claims by companies and their representatives which offer managed accounts promising high returns are often dubious. ASIC puts an end to Queensland-based rep's career Individuals and less-than-reputable companies which seek to bilk potential investors out of their capital by promoting managed schemes which paint a picture of exponential gains without substantiation have been the…
Read moreSwiss FX bank Dukascopy continues its expansion by opening further operations, this time in Switzerland's largest city Switzerland's Dukascopy Bank, a very prominent company within the FX industry, is opening an office in the center of Zurich. After a rapid expansion in the global market with new offices opened in Hong Kong, Kiev and Moscow,…
Read moreLondon based Citi exec Richard Bibbey will become the head of global spot FX trading, a new position at Citi. Citigroup (NYSE:C) is continuing the shakeup in its FX trading operation. Reuters and the Wall Street Journal each claim to have seen an internal Citi memo detailing the changes at Citi, which include the merging of…
Read moreOfficial announcement will be made later this week at the ACI's annual meeting in Berlin ACI – The Financial Markets Association, the Forex market's main industry umbrella group, will officially appoint former State Street executive Marshall Bailey as its first full-time president later this week according to Reuters. The article states: "The move has been in…
Read more