April 03, 2014 BY Gerald Segal

Options Announces Hosting and Connectivity Upgrades - boosts the firm’s Velocity platform

Private financial cloud provider announced upgrades and expansions to its managed server hosting and connectivity in Carteret, New Jersey Options IT, the leading private financial cloud provider for the global capital markets industry, has today announced upgrades and expansions to its managed server hosting and connectivity in Carteret, New Jersey. Options IT’s Carteret, New Jersey…

Read more
April 03, 2014 BY Gerald Segal

OANDA announces plans to open Australia office later this year

OANDA hires industry veterans to confirm their commitment to Asia-Pacific Region OANDA, in an official news release today says they are pleased to announce the appointments of Gavin Ward as Head of Greater China, and Louis Cooper as the company’s Managing Director in Australia. The two industry veterans are tasked with growing OANDA’s business and…

Read more
April 03, 2014 BY Gerald Segal

HSBC launches automatic currency conversion 'FX Order Watch'

Service allows clients to set their own target FX rate to convert funds automatically within personal banking accounts HSBC Taiwan recently announced a new order watch service which allows clients to set their own target foreign exchange rate to convert funds automatically within personal banking accounts around the clock. Users can access it via HSBC's…

Read more
April 03, 2014 BY Gerald Segal

ICAP announces that it has appointed new Group Chief Risk Officer

Wendy Phillis will take over from Colin Smith, ICAP’s current Group Chief Risk Officer, who has decided to retire ICAP announces in an official press release today that it has appointed Wendy Phillis as Group Chief Risk Officer. Wendy will report to Ken Pigaga, Group Chief Operating Officer, and be based in London. She will join…

Read more
April 03, 2014 BY Gerald Segal

New CIF license granted to FX broker Harborx Ltd

New CySEC broker is granted a CIF license, but yet to go live The Cyprus Securities and Exchange Commission is reporting that they have granted a CIF license to forex broker registered under company name Harborx Ltd. license number 198/13 as of March 26, 2014. We do not know much on this broker other then…

Read more
April 03, 2014 BY Andrew Saks-McLeod

UBS to avoid all penalties in FX rigging investigation?

European financial regulators may consider the global FX giant fully immune from any penalties whatsoever as a result of assistance with inquries into the FX rigging probe The days when traditional banking practices in which customers paid for the service that they received on a per-transaction basis are a distant memory to most European corporate…

Read more
April 03, 2014 BY Gerald Segal

Monex sees March volumes drop 8% to $40B, gets new major shareholder

As Monex's FX trading volumes continue to dwindle, regional bank Shizuoka Bank buys Orix Corp's 20% stake in Monex for ¥24.4B ($237M). At a time when its FX trading volumes continue to fall (see chart below), mid-size Japan retail FX broker Monex Group (TYO:8698) is seeing a change at the top. Japanese regional bank Shizuoka Group is getting…

Read more