March 24, 2014 BY Gerald Segal

XLMedia upsizes IPO, shares soar on first day of trading

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 more
March 24, 2014 BY Andrew Saks-McLeod

tradable partners with IS Investment to attract Turkish client base

Turkey'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 more
March 24, 2014 BY Andrew Saks-McLeod

LCH.Clearnet to clear listed securities on Oslo Børs

Scandinavian 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 more
March 24, 2014 BY Gerald Segal

TRADOLOGIC is now offering full EMIR solution to partners

Full 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 more
March 21, 2014 BY Gerald Segal

CySEC warns against OptionSmarter and FrontierForex

Both 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 more
March 21, 2014 BY Andrew Saks-McLeod

MtGox CEO Mark Karpeles reveals location of 200,000 lost bitcoins

Following 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 more
March 21, 2014 BY Andrew Saks-McLeod

Retail forex trading ban issued by…. Vietnam!

Four 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…

Read more