Paul Orford Joins TopFX As Business Development Manager LeapRate

March 11, 2014 BY Andrew Saks-McLeod

Paul Orford Joins TopFX As Business Development Manager

Cyprus-Based Prime Brokerage TopFX welcomes Paul Orford to the company as he assumes senior business development position Following a stint at Blackwell Global Investments' Cyprus operation, Paul Orford has been appointed Business Development Manager at prime brokerage firm TopFX. In his previous position, Mr. Orford, originally from the United Kingdom, contributed to Blackwell Global Investments'…

March 11, 2014 BY Andrew Saks-McLeod

Bank of England Governor Mark Carney Shrugs Shoulders Over FX Rigging Interrogation

Mark Carney claims that there is no evidence to suggest that any Bank of England official had condoned FX market manipulation Following today's questioning by British Members of Parliament (MPs), Mark Carney, the Governor of the Bank of England, responded by claiming that there there was "no evidence" that any Bank of England official had…

March 11, 2014 BY Andrew Saks-McLeod

KCG Appoints Anthony L. Abenante As Senior Advisor Within Global Execution Business

KCG places value on the use of strategic industry professionals to ensure effective corporate governance as ex-Instinet co-CEO is appointed as Senior Advisor KCG Holdings, Inc. (NYSE: KCG) has today announced that Anthony L. Abenante has joined the company as a Senior Advisor to the firm's Global Execution Services business. In his new executive role,…

March 11, 2014 BY Andrew Saks-McLeod

London Calling! CME Group Set To Launch FCA Regulated Derivatives Exchange

CME Europe to launch on April 27 in London, following regulatory approval. Comprehensive derivatives marketplace CME Group has announced today that it has received approval from the United Kingdom's Financial Conduct Authority (FCA) for the establishment of a London-based derivatives exchange. As a result of this, CME Europe Ltd will be a Recognised Investment Exchange…

March 11, 2014 BY Andrew Saks-McLeod

Chinese Yuan Becomes Second Most Traded Pair on Thomson Reuters Matching

All eyes are on Asia once again as the offshore yuan (CNH) holds steady amid falling February volumes industry-wide Statistical reasoning behind the priority which a large number of FX firms is giving toward engendering large-scale business from within the much coveted Asia Pacific region continues to rear its head as the offshore Yuan (CNH)…

March 11, 2014 BY Gerald Segal

SafeCharge plans IPO, reveals financial info

Payment processor SafeCharge expects Revenue of $61 million in 2014, EBITDA of $18 million. IPO fever is in the air..... Israel business newspaper Globes reports that payment processor SafeCharge is going to pursue an IPO on the London Stock Exchange's AIM market. SafeCharge is owned 90% by online gaming software magnate Teddy Sagi of Playtech…

March 11, 2014 BY Gerald Segal

FXall volumes remain steady in February, avoids decline seen at other ECNs

FXall does $122 billion daily in February, parent Thomson Reuters Matching reports $113 billion. Forex ECN FXall retains its #1 volume crown in February, reporting volumes of $122 billion per day during the month. That compares to ICAP EBS at $83.5 billion and Thomson Reuters Matching at $113 billion. FXall's volumes were essentially flat with…

March 11, 2014 BY Andrew Saks-McLeod

e-Algo LLC Hits The Market With David Lyon At The Helm

Former Marold Capital Management Director of Research & Development founds e-ALGO LLC in US

March 11, 2014 BY Andrew Saks-McLeod

Santander GBM Executive Marco Pelizzoli Promoted To Global Head of FX Trading

FX industry senior executive Marco Pelizzoli to head FX division of European banking conglomerate as next step in 25-year career European banking corporation Santander GBM last week appointed its former Global Head of e-Commerce Marco Pelizzoli to the position of Global Head of FX Trading. Mr. Pelizzoli joined Santander GBM in 2009 after a four-year…