ASIC releases market supervision report for period July to December 2013 LeapRate

March 20, 2014 BY Andrew Saks-McLeod

ASIC releases market supervision report for period July to December 2013

ASIC's half-yearly report on the supervision of market participants reveals 19,255 trading alerts, and continues its drive toward automated surveillance Australia is a region which a great many FX company executives have been following with a keen eye recently, mainly due to its close proximity to the Asia Pacific region from which all FX firms globally…

March 19, 2014 BY Andrew Saks-McLeod

Boston Technologies & Kenmore to offer complete turnkey FX brokerage solution

Boston Technologies partners with web design firm Kenmore to offer turnkey brokerage solution Boston Technologies is expanding its offering by partnering with FX software and web development company Kenmore Design in order to offer an all-encompassing turnkey solution with which brokers can establish their business. Boston Technologies expects that the joint end to end offering…

March 19, 2014 BY Andrew Saks-McLeod

KVB Kunlun issues 2013 Annual Report, Revenues up 43%

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…

March 19, 2014 BY Andrew Saks-McLeod

Alpari RU Releases February Volumes, Down Compared With January

Alpari'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…

March 19, 2014 BY Andrew Saks-McLeod

KCG Continues Paying Down Knight Capital Acquisition Loans

KCG 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…

March 19, 2014 BY Andrew Saks-McLeod

CFTC Delays Cross-Border Derivatives Ruling Date, Bowing to UK Pressure

London-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…

March 19, 2014 BY Andrew Saks-McLeod

Rodeler Launches 24FX.com FX Brokerage With MT4 And Sirix Platforms

Parent 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…

March 19, 2014 BY Andrew Saks-McLeod

Foul Play Down Under? ASIC Joins The Party of FX Manipulation Probes

Australia'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…

March 19, 2014 BY Andrew Saks-McLeod

Ashraf Ebid Assumes Top Position At EFIX Dom Maklerski

Polish 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…

March 19, 2014 BY Andrew Saks-McLeod

Lie To The CFTC? Collect Trading Ban And Fine

CFTC 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…