March 18, 2014 BY Andrew Saks-McLeod

Caveat Emptor! CySec Points Out Dangers Of Bitcoin Trading

Whilst virtual currencies have polarized the opinions of governments worldwide, CySec takes a conservative view, today issuing a warning to potential bitcoin traders Less than one day subsequent to the Singaporean financial markets regulatory authority having made its intention to regulate virtual currency intermediaries public, the ubiquitous Cypriot regulator, which operates in an island with…

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March 18, 2014 BY Andrew Saks-McLeod

Plus500 Releases Annual Results For 2013 - Doubles 2012 Revenue

Corporate efficiency detailed in full as Plus500 releases its annual report for 2013 Plus500 has released its annual results for the full year 2013, which demonstrate what could be considered a predictably strong performance when bearing in mind the company's high valuation and successful initial public offering during the later stages of 2013. Last year, Plus500…

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March 18, 2014 BY Gerald Segal

KVB Kunlun gets mainland China license

Hong Kong retail forex broker KVB Kunlun looks to expand both its online and physical presence into mainland China. We had reported back in December that KVB Kunlun (HKG:8077) had announced plans to open an office in mainland China, in the southern city of Zhuhai. KVB has now announced that they have indeed received a…

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March 18, 2014 BY Andrew Saks-McLeod

Scandinavia Spearheads Exchange-Traded Derivatives Rush As Oslo Børs Ups Its Game

Oslo Børs implements Baymarkets Edge derivatives platform as exchanges embrace opportunities in current OTC markets Whether the probe into a whole host of international financial institutions which accuses them of FX rate manipulation is partly responsible for driving the recent developments in exchange-based infrastructure within a predominantly OTC industry sector is hard to measure, however…

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March 18, 2014 BY Gerald Segal

IG Group sees Q3 Revenue leap 9%

A very strong December led to solid Q3 Revenues for IG. UK spreadbetting firm IG Group (LON:IGG) issued its Interim Management Statement for Q3 2014 (IG has a May 31 year end, so Q3 ended February 28), giving us a peek into revenues the past three months, and they were fairly strong.  IG Revenues hit £96.7 million…

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March 18, 2014 BY Andrew Saks-McLeod

MAS Highlights Intention To Regulate Virtual Currency Intermediaries

Monetary Authority of Singapore sets forth regulatory stance on virtual currency intermediaries, hinting at the nation's acceptance of Bitcoin as a viable tender How to regulate the unregulatable, that is the conundrum. Amid the continual attempts by various governmental departments worldwide during recent times to place controls on the usage, trading and flow of virtual…

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March 18, 2014 BY Andrew Saks-McLeod

ASIC Terminates AFS License Of FX Provider AIE Fiduciary

Australian financial markets regulator responds to application filed to terminate AFS license after concerns had been raised over license obligations The Australian Securities and Investments Commission (ASIC) has today announced that it has terminated the Australian Financial Services license of AIE Fiduciary Services, a company which provided financial product advice relating to securities, derivatives and…

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March 17, 2014 BY Andrew Saks-McLeod

PFSOFT Forms Technology Partnership With ING Securities S.A.

Polish subsidiary of ING Group partners with PFSOFT to provide ING Protrader which includes desktop, iOS and Android versions FX and electronic trading technology provider PFSOFT has today announced the launch of ING Protrader, the result of a technology partnership between ING Securities and PFSOFT. This particular partnership brings PFSOFT's enterprise technology solution, including its…

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March 17, 2014 BY Andrew Saks-McLeod

As FCA Considers Regulation Of Social Trading Platforms, Are PAMMs Next?

Social trading innovators share perspective On MAM accounts following regulatory considerations by FCA Further to last week's revelation by Britain's Financial Conduct Authority (FCA) regarding its intention to set forth a regulatory structure for copy trading and social trading platforms, deeming them investment managers, the question remains as to whether this framework will apply to…

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