Bitcoin account data and balances have been displayed on Mt.Gox founder Mark Karpeles' blog following demise of Japanese virtual currency exchange As though events surrounding the $64 million demise of Bitcoin exchange Mt.Gox were not complex and costly enough, a further twist took place this weekend when an imposter gained access to Mt.Gox founder Mark…
Read moreXLMedia announces plans for a London Stock Exchange AIM IPO before the end of March. We know that a lot of eyes in the forex world will be on the London Stock Exchange and the attempt of XLMedia to go public over the next several weeks. XLMedia is an 'IB', or 'Affiliate' in online-gaming-world speak,…
Read moreIncremental increase in electronic execution of FX trades among institutions increased Deutsche Bank, UBS, Citi and Barclays US market 2013 share by 42% compared with 2012 as American institutional FX goes from strength to strength Institutional FX firms wishing to continue to build on their existing market presence in North America, the region synonymous with…
Read moreFX Options and derivatives trader Robin Clark was shot in the leg on his way to the office in January this year. Police have now arrested 51 year old Lee Victory in connection with the incident One and a half months have passed since Robin Clark, a professional trader at London's RP Martin, majoring on…
Read moreUS retail FX stalwart FXCM declared record performance for 2013. Can this be sustained in 2014? Despite a stellar performance during the last year, FXCM yesterday reported a month-on-month decline in trading volumes as detailed by LeapRate, with the company's trading volumes having begun to wane as the second month of 2014 drew to a…
Read moreOriginal bill to be brought to the Duma spring session, special Forex license to be required. It has been nine months since the first reading of Russia's proposed new Forex law in the Duma, back in June 2013, but it does now seem as if the process is picking up steam. According to Russian self-regulatory…
Read moreAfter last week's bankruptcy, Bitcoin prices have bounced back by 20%, traders keep pouring in. It is hard to keep a good cryptocurrency down.... Despite the problems which led to last week's Mt Gox bankruptcy, and with it the disappearance of about 5% of all outstanding Bitcoins, traders and investors have voted with their feet…
Read moreThe US regulatory authorities' complex rulings with relation to the structure by which clearing of swaps can be carried out between counterparties continue to evolve. Following last year's implementation of full reporting requirements by CCPs, the CFTC has provided time-limited no-action relief from trade execution requirements to certain Affiliated Counterparties until December 2014. The Commodity…
Read moreEuropean and North American regulatory authorities continue their investigations into possible manipulation of FX market parameters by banks, with France's largest bank, BNP Paribas having today suspended its Head of FX Trading Last year was a year of mixed virtues. Within the FX industry, great progress was made in terms of corporate performance when compared…
Read moreKayhan Mirza joins Goldman Sachs as Head of Foreign Exchange Trading following fourteen years at J.P. Morgan Chase International financial giant Goldman Sachs has today announced the appointment of Kayhan Mirza to the position of Global Head of Foreign Exchange. Mr. Mirza joins Goldman Sachs in this senior executive capacity following a fourteen year tenure…
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