XLMedia has demonstrated that an IB / affiliate business model can be the base for a successful IPO. Gaming affiliate XLMedia (LON:XLM) has completed its IPO on the London Stock Exchange, and it was an absolute blowout. After raising more money than planned, and at a higher valuation (see table below), XLMedia saw a…
Read moreTurkey's largest investment bank, IS Investment, enters exclusive partnership with application-based platform tradable for retail FX clients Application-based trading platform tradable has been selected by Turkish investment bank IS Investment in an exclusive partnership. Instrumental to tradable's innovative approach is its emphasis on applications which are able to be incorporated into the platform, allowing users…
Read moreScandinavian executing venue continues its global reach as it initiates clearing of listed securities following last week's drive toward on-exchange FX Just a matter of days subsequent to Scandinavian executing venue Oslo Børs having indicated its intention to provide a facility for on-exchange FX trading, LCH.Clearnet has today announced that the global clearing house is…
Read moreBloomberg sees record interest rate and CDS volumes, but FX still very slow Financial giant Bloomberg has released some numbers and given us a glimpse into how their SEF entity is faring. And while volumes in interest rate swaps and credit default swaps (CDSs) seem to be picking up nicely, FX is lagging well behind…
Read moreElectronic trading on Korea Exchange via mobile has increased to 9% over last five years, despite downturn in participants, demonstrating vast increase in retail client base. Will FX follow? The combination of volume generation via the use of mobile devices has been a major priority for most retail FX firms around the globe recently, especially…
Read moreFull EMIR solution is now available to binary options brands using the TRADOLOGIC platform Binary options platform provider TRADOLOGIC, in a late Friday press release stated that they now offer fully compliant EMIR reporting solutions for binary option contracts under European Union law. This is welcome news to fully transparent and regulated EU FX brokers…
Read moreAcclaimed FX risk management aficionado Jeff Wilkins provides a valuable insight into the method of developing an effective and sustainable business model in retail FX Today's retail FX firms are faced with many challenges in terms of ensuring that they provide competitive trading terms to clients and give the best possible execution, whilst ensuring that…
Read moreBoth companies show that they're based in Cyprus; Frontier even claims to be authorized by CySEC. Cyprus financial regulator CySEC has continued its crusade against unregulated forex and binary brokers which operate unlicensed out of the country, or (more likely) which appear to be based in Cyprus. The latest two? Retail forex broker site FrontierForex…
Read moreFollowing the demise of MtGox resulting in 750,000 BTC losses to investors, former CEO Mark Karpeles notifies those concerned that 200,000 BTC have been located in offline wallets The highly unpredictable world of virtual currency has endured more than its fair share of extreme events over the last year, including fluctuating values when compared to…
Read moreFour years after banning Gold trading floors, Vietnam similarly bans Forex trading floors Since the realization by a large number of FX firms that there was a land of opportunity in the Far East, substantial volume has been generated among the retail participants from what has now become an established network of introducing brokers and…
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