KVB Kunlun turns a profit of HK$33 million in 2013 compared with previous year's loss. Share price rises 3.7% on HKEX. Hong Kong-based FX broker KVB Kunlun has today released its full annual report for 2013, that income generated from leveraged FX during 2013 amounted to HK$135,543,000, representing a considerable 43% leap from the previous year's…
Read moreAlpari's trading volumes for February 2014 in Russia and the CIS region total $110.8 billion Alpari has today announced its trading volume metrics for Russia and the Commonwealth of Independent States (CIS) for the month of February 2014. The company achieved $110.8 billion in total trading volume for the month, which represents a decline compared…
Read moreKCG makes another installment on its first lien credit facility, this time $85 million, taking the balance down to just $50 million KCG (NYSE:KCG) has today publicly stated that it has made a further $85 million installment toward the repayment of its first lien credit facility which was incurred subsequent to the takeover of the…
Read moreLondon-based trading firms ask CFTC for more time before proposed implementation of restrictions on derivatives trading in Europe which were scheduled for March 24 The regulatory wranglings concerning the US Commodity Futures Trading Commission (CFTC)'s potential imposition of restrictions on derivatives trading in Europe which had been scheduled for inception on March 24. In a…
Read moreParent of binary options brokers ZoneOptions and 24Options gets into the retail FX business Cypriot binary options holdings company Rodeler has today launched a new brokerage under the moniker 24FX, setting its sights on accruing a retail FX client base. The newly-established firm will provide its traders with a choice of two platforms, namely MetaTrader…
Read moreAustralia's financial markets regulator joins the FX rate manipulation probe, in order to investigate if misconduct occurred within its jurisdiction The global probe into alleged manipulation of FX rates by financial institutions has spread even further afield, with the Australian Securities and Investments Commission (ASIC) having declared today that it is commencing a review to…
Read morePolish FX company EFIX has appointed ex GKFX CEO and GFT exec Ashraf Ebid as Chief Executive Officer Mr. Ebid joins the firm in its most senior executive post following several years in leadership positions within large FX companies worldwide. Prior to his appointment at EFIX Dom Maklerski, Mr. Ebid spent four years as Chief…
Read moreCFTC orders Sean R. Stropp to pay $250,000 penalty and serves cease and desist order following false and misleading statements during a CFTC investigation The US Commodity Futures Trading Commission (CFTC) has adopted a similar method of penalizing those who provide incorrect statements to compliance officers during inspections as that which has been long employed by…
Read moreA newly issued legal opinion 'does not exclude' spot forex transactions from the planned transaction tax. Reuters reports that EU lawyers have requested and received a legal opinion that taxing spot forex transaction does not conflict with the EU's commitment to the free movement of capital. Attempts to introduce a global or pan-EU transactions tax…
Read moreWhilst virtual currencies have polarized the opinions of governments worldwide, CySec takes a conservative view, today issuing a warning to potential bitcoin traders Less than one day subsequent to the Singaporean financial markets regulatory authority having made its intention to regulate virtual currency intermediaries public, the ubiquitous Cypriot regulator, which operates in an island with…
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