IFC Markets introduces CNH trading with any currency pair thru PCI technology LeapRate

April 29, 2014 BY Gerald Segal

IFC Markets introduces CNH trading with any currency pair thru PCI technology

IFC Markets provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, which is available on PC, iOS, and Android. The platform is available in 15 languages. Recently, a significant demand has been presented towards China's currency Renminbi (RMB). The currency is traded both onshore and offshore, and when talking about…

April 29, 2014 BY Andrew Saks-McLeod

Britain's largest fund manager fined £18.6 million for adverse risk exposure to investors

Invesco Perpetual in receipt of hefty fiscal penalty as a result of the FCA having concluded that it did not comply with investment limits over 3 and a half year period Britain's largest retail investment management firm, Invesco Perpetual, has been issued a substantial fiscal penalty by the Financial Conduct Authority (FCA) as a result…

April 29, 2014 BY Gerald Segal

Simons Griffin Financial launches single electronic client platform globally

Huge undertaking by the end of this year, will have consolidated more than 30 platforms into one client offering Simons Griffin Financial today announces the roll-out of Simons Griffin Financial Markets, the firm's new multi-asset class trading platform, bringing pre-trade, trade and post-trade functionality onto a single platform for the first time. Debuting with a…

April 29, 2014 BY Gerald Segal

Asian Forex Championship 2014 by FXOpen registration is now open

The Forex trading competition is organized with the help of FXOpen, a leading MT4 ECN broker and a B2B liquidity provider, and it will officially start on the 5th of May The Asian Forex Championship 2014 sponsored by FXOpen will appeal to all who want to: Get high rewards: The Championship prize fund is USD…

April 29, 2014 BY Gerald Segal

Core Liquidity Markets announces hassle free affiliate program

Affiliates will have multiple payout options from their affiliate accounts Core Liquidity Markets based in Melbourne, Australia and regulated by ASIC has proudly announced a new affiliate program. This is separate from their professional IB setup and features a simple sign-up process which makes it easy for publishers to send over their financial traffic. Each…

April 29, 2014 BY Gerald Segal

Neonet Securities appoints new non-executive Chairman

Mr. Haynes’ appointment is subject to formal approval by the Swedish Financial Supervisory Authority Neonet Securities AB, a Swedish independent agency broker, announced last week that it has appointed Alasdair Haynes as its new non-executive Chairman. Mr. Haynes, who has been a member of the Neonet board since February 2013, replaces Peter Melbi, who is…

April 29, 2014 BY Andrew Saks-McLeod

Shocking revelation by FCA Enforcement Director that spot FX is not regulated in the UK

Tracy McDermott has categorically stated that spot FX does not fall under FCA remit, having come to light after it emerged that some of the traders being investigated for FX rate rigging were not registered yet worked for major financial institutions A great many retail FX firms have invested vast resources in gaining the much-coveted…

April 29, 2014 BY Gerald Segal

Deutsche Bank's global forex trading head to resign

Deutsche Bank is the world's largest forex trading bank According to Reuters, Deutsche Bank's global head of forex trading will leave in June, Germany's biggest lender and FX trading bank said on Monday, confirming a report in Handelsblatt newspaper. "Kevin Rodgers has made a personal decision to retire from the industry to pursue other ambitions…

April 28, 2014 BY Gerald Segal

Move over, London! Singapore now the top RMB offshore clearing centre after Hong Kong

Last year the BIS listed Singapore as the largest FX center in Asia and the third biggest in the world; now it has overtaken London in offshore RMB clearing, which until now was number one... Back in March we reported that the top offshore RMB hub remained London (excluding Hong Kong and Mainland China) but…

April 28, 2014 BY Gerald Segal

Moscow Exchange announces changes to FX and precious metals markets risk management system

Aims to unify the FX and precious metals markets risk management system with those of other exchange markets Moscow Exchange news room announced today that their Forex and precious metals markets risk management system will be modified from April, 28 2014. Two concentration limit levels and several levels of the market risk limit rate will…