The company aims to attract more CFD trading by launching micro-lots One of the leading retail forex and CFD brokerages around, FXCM Inc. (NYSE:FXCM) has announced a new addition to its broad base of products. This time around it’s not a new list of assets but rather an improvement to the ones already offered –…
Read moreThe saga has ended - 750,000 BTC ($420 million) of customers' funds have been stolen from the company in the beginning of February According to a press conference that has been held in Tokyo, as of today it is finally official – Mt Gox has filed for bankruptcy protection. According to a CNBC report the…
Read moreOanda resumed services after being down for almost two hours. OANDA Clients, On February 27th, OANDA's primary Internet Service Provider (ISP) experienced an outage and as a result our platform lost internet connectivity. We want to assure our clients that at no time was any confidential information breached. At this time, we would like to…
Read moreUBS joins JP Morgan and Morgan Stanley on the sidelines, citing ‘time and effort involved is disproportionate’ Another major bank has joined the ranks of JP Morgan and Morgan Stanley to sit out from the annual survey by the Euromoney Magazine’s annual poll for best FX dealing bank. The Wall Street Journal reports that the…
Read morePlus500’s founders still own 35.6% of the company Publicly listed CFD trading platform provider Plus500 is reporting that the founders of the company have successfully placed and sold a total of 20,000,000 ordinary shares at a fixed price of 500 pence per share. The price represents about a 10% discount to where Plus500 shares have…
Read moreCost optimization related to the GFT acquisition is key to future share price developments In the aftermath of its Q4 earnings report, shares of publicly traded retail and institutional forex broker GAIN Capital (NYSE:GCAP) have soared more than 12% as investors appeared confident in the company’s ability to optimize its cost structure to successfully integrate…
Read moreForex dealers see declining influence in the US, as their numbers continue to fall The structure of the Board of Directors of the NFA is facing imminent changes, and those might eliminate the board membership of retail forex dealers. Yesterday, the NFA has issued a press release detailing a proposal for structural changes to the…
Read moreThe defendant operated through My Forex Planet Inc, Wal Capital S.A. and Top Global Capital Inc A civil enforcement action has been filed by the US Commodity Futures Trading Commission (CFTC) against Melody Nganthuy Phan and companies associated with her – My Forex Planet Inc, Wal Capital S.A. and Top Global Capital for conducting a…
Read moreThe company has acknowledged that they have experienced ISP related issues via their Twitter feed One of the oldest and biggest brokerages in the online forex world, Oanda, has experienced a massive disruption in its services for a couple of hours during the late European afternoon. The outage affected the company’s global operations through their…
Read moreLondon to become first location outside Asia to have a Yuan clearing bank As the Renminbi is finally rebounding somewhat from its recent slide against the US dollar we are seeing a very clear intention by UK authorities and the private sector, for London to become the main trading venue outside of Asia for Chinese…
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