GAIN Capital has today released its monthly operating metrics for the month of February 2014 - slowdown across the board GAIN Capital has experienced a considerable downturn in trading volumes during February this year, indicating a 20.3% decrease in retail OTC trading from January 2014 at $169.3 billion, although when compared to the same period one…
Read moreOptionBit parent Novox Capital Ltd received CySEC license in early February, offenses were in late 2012. Cyprus financial regulator CySEC handed out what amounts to a slap on the wrist to binary options broker OptionBit, a Tradologic brand, for offering binary options trading services back in 2012, before it held a CySEC CIF license. The…
Read moreBitcoin 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…
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