Could KCG be taking the long term view by hanging onto its ECN despite another year in the red? US electronic trading conglomerate KCG today released its 2013 annual report, which shareholders will likely find to be pleasant reading and a testimony to the company's remarkable steps toward recovery from its catastrophic algorithmic trading error…
Read moreVolume is looking quite healthy for GAIN Capital... Gain Capital has issued their March monthly metrics today in a press release with jumps in m/m and y/y data, you can view the numbers below: Retail metrics Retail OTC trading volume of $184.6 billion, an increase of 9.0% from February 2014 and an increase of 31.1%…
Read moreThe approval of the Polish clearing house triggers the authorization of currency products in regulated markets and repo products, neither of which has been approved previously KDPW_CCP, in a press release states that it has met all requirements for such institutions under EU Regulation EMIR. EMIR requires companies to comply with the obligation of reporting…
Read moreVolumes remain strong with slight uptick across the board Forex settlement firm CLS held strong again during March this year, with its value of trades having remained in excess of $5 trillion, congruent with its performance during the two months of the year. For March, average daily value submitted to CLS was US$5.35 trillion, up…
Read moreTradeStation yesterday enabled retail FX clients to execute trades via recently-launched venue IEX, bolstering the drive toward on-exchange FX trading Interest directed toward the support of the new and innovative IEX platform is growing among some of the world's prominent names in the FX industry, as MONEX Group's North American subsidiary TradeStation announced yesterday that…
Read moreThe Australian Senate is doing an inquiry into the performance of the Australian Securities and Investments Commission (ASIC) ASIC has been busy lately proving their worthiness as competent financial regulators. The watchdog is currently in the midst of a Senate inquiry into its activities and overall performance. A detailed statement from ASIC covers six issues,…
Read moreHedefonline's decline leaves Turkish investors 20 million lira out of pocket after company continued operations whilst insolvent for six months raising alarm bells over customer protection measures Retail FX traders have had more than its fair share of exposure to the consequences of unlicensed firms making off with their money, which led to a very…
Read moreFXall up positively in March 2014 to $132bn up from $110bn a year earlier in March 2013; records 8.2% jump from February Reuters reported today that daily spot currency trading volumes on Thomson Reuters fell for a second month in March to $110bn, still showing improvement from long-term lows hit at the end of last year…
Read moreTwo entities found operating under various names and which purport to be licensed by the MFSA The Malta Financial Services Authority (MFSA), showing they are acutely surveying the forex brokerage scene issued an investor warning alert last weekend. They found two websites imitating well known legit brokers, and who also were falsely claiming to be…
Read moreUS government department issues bill exposing bipartisan congressional legislation which curbs the scope of CFTC's powers Assumption that the US authorities had completed their implementation of the Dodd-Frank Wall Street Reform Act's rulings on OTC derivatives once it had been finalized was widespread and in keeping with America's highly methodical regulatory structure as last year drew…
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