Transcript from chatroom could implicate Bank of England in FX rate rigging saga LeapRate

March 20, 2014 BY Andrew Saks-McLeod

Transcript from chatroom could implicate Bank of England in FX rate rigging saga

A written conversation by a senior dealer has been provided to the FCA, indicating that BofE officials agreed sharing information has advantages Following Bank of England Governor Mark Carney's assertion last week that the institution over which he presides could not have possibly been party to any information which suggests that officials at the Bank…

March 20, 2014 BY Andrew Saks-McLeod

ESMA publishes list of authorised CCPs relating to OTC derivatives

NASDAQ OMX having become a CCP in Europe has prompted swift action by ESMA in setting forth OTC derivatives clearing guidelines Following the authorization of NASDAQ OMX as the first EU-based central counterparty (CCP) on March 18, 2014, the European Securities and Markets Authority (ESMA) has today published information about NASDAQ OMX and the contracts…

March 20, 2014 BY Andrew Saks-McLeod

First Derivatives and Pivotal One team up to provide apps and consultancy to trading industry

First Derivatives consulting brings big data and multi-cloud applications to the electronic trading industry with Pivotal One Financial software company First Derivatives (AIM:FDP) has today announced that it will commence consulting services in order to deliver financial applications to the industry. Powered by technology from Pivotal, the software company at the intersection of big data,…

March 20, 2014 BY Gerald Segal

Plus500 shares set another all-time high, valuation now above $1.1 billion

Plus500 shares soar 5.4% on Wednesday following release of its Annual Report. Plus500's secret sauce? It has now been a couple of days since investors got their hands on Plus500's 2013 Annual Report, and it seems like they like what they see. With no 'new' news out, Plus500's shares (LON:PLUS) went on another tear on…

March 20, 2014 BY Andrew Saks-McLeod

ASIC releases market supervision report for period July to December 2013

ASIC's half-yearly report on the supervision of market participants reveals 19,255 trading alerts, and continues its drive toward automated surveillance Australia is a region which a great many FX company executives have been following with a keen eye recently, mainly due to its close proximity to the Asia Pacific region from which all FX firms globally…

March 19, 2014 BY Andrew Saks-McLeod

Boston Technologies & Kenmore to offer complete turnkey FX brokerage solution

Boston Technologies partners with web design firm Kenmore to offer turnkey brokerage solution Boston Technologies is expanding its offering by partnering with FX software and web development company Kenmore Design in order to offer an all-encompassing turnkey solution with which brokers can establish their business. Boston Technologies expects that the joint end to end offering…

March 19, 2014 BY Andrew Saks-McLeod

KVB Kunlun issues 2013 Annual Report, Revenues up 43%

KVB Kunlun turns a profit of HK$33 million in 2013 compared with previous year's loss. Share price rises 3.7% on HKEX. Hong Kong-based FX broker KVB Kunlun has today released its full annual report for 2013, that income generated from leveraged FX during 2013 amounted to HK$135,543,000, representing a considerable 43% leap from the previous year's…

March 19, 2014 BY Andrew Saks-McLeod

Alpari RU Releases February Volumes, Down Compared With January

Alpari's trading volumes for February 2014 in Russia and the CIS region total $110.8 billion Alpari has today announced its trading volume metrics for Russia and the Commonwealth of Independent States (CIS) for the month of February 2014. The company achieved $110.8 billion in total trading volume for the month, which represents a decline compared…

March 19, 2014 BY Andrew Saks-McLeod

KCG Continues Paying Down Knight Capital Acquisition Loans

KCG makes another installment on its first lien credit facility, this time $85 million, taking the balance down to just $50 million KCG (NYSE:KCG) has today publicly stated that it has made a further $85 million installment toward the repayment of its first lien credit facility which was incurred subsequent to the takeover of the…

March 19, 2014 BY Andrew Saks-McLeod

CFTC Delays Cross-Border Derivatives Ruling Date, Bowing to UK Pressure

London-based trading firms ask CFTC for more time before proposed implementation of restrictions on derivatives trading in Europe which were scheduled for March 24 The regulatory wranglings concerning the US Commodity Futures Trading Commission (CFTC)'s potential imposition of restrictions on derivatives trading in Europe which had been scheduled for inception on March 24. In a…