Amid the continually increasing value of deliverable FX firms, comparison site Kwanji goes live today Often, when interest in a specific area of the financial sector grows, many new ideas are spawned. As the wave of boardroom discussions within deliverable FX companies continues to center around high-value initial public offerings, a new company has sprung…
Read moreThe stratospheric sums which are being applied to IPOs within the deliverable FX sector are most certainly going in one direction - upwards Deliverable FX retailer Travelex has joined the ranks of many retail-orientated firms which provide direct deliverable service to an international client base, in setting its sights on a $1 billion initial public…
Read moreCyprus-Based Prime Brokerage TopFX welcomes Paul Orford to the company as he assumes senior business development position Following a stint at Blackwell Global Investments' Cyprus operation, Paul Orford has been appointed Business Development Manager at prime brokerage firm TopFX. In his previous position, Mr. Orford, originally from the United Kingdom, contributed to Blackwell Global Investments'…
Read moreMark Carney claims that there is no evidence to suggest that any Bank of England official had condoned FX market manipulation Following today's questioning by British Members of Parliament (MPs), Mark Carney, the Governor of the Bank of England, responded by claiming that there there was "no evidence" that any Bank of England official had…
Read moreKCG places value on the use of strategic industry professionals to ensure effective corporate governance as ex-Instinet co-CEO is appointed as Senior Advisor KCG Holdings, Inc. (NYSE: KCG) has today announced that Anthony L. Abenante has joined the company as a Senior Advisor to the firm's Global Execution Services business. In his new executive role,…
Read moreFebruary's decremental performance compared with that of January still generated an upturn in the value of GAIN Capital shares Despite GAIN Capital's overall decrement in trading volumes during February compared with the previous month's results, the company's share price (NYSE:GCAP) has made a step in the other direction, depicting a 6% increase since close of…
Read moreCME Europe to launch on April 27 in London, following regulatory approval. Comprehensive derivatives marketplace CME Group has announced today that it has received approval from the United Kingdom's Financial Conduct Authority (FCA) for the establishment of a London-based derivatives exchange. As a result of this, CME Europe Ltd will be a Recognised Investment Exchange…
Read moreAll eyes are on Asia once again as the offshore yuan (CNH) holds steady amid falling February volumes industry-wide Statistical reasoning behind the priority which a large number of FX firms is giving toward engendering large-scale business from within the much coveted Asia Pacific region continues to rear its head as the offshore Yuan (CNH)…
Read morePayment processor SafeCharge expects Revenue of $61 million in 2014, EBITDA of $18 million. IPO fever is in the air..... Israel business newspaper Globes reports that payment processor SafeCharge is going to pursue an IPO on the London Stock Exchange's AIM market. SafeCharge is owned 90% by online gaming software magnate Teddy Sagi of Playtech…
Read moreFXall does $122 billion daily in February, parent Thomson Reuters Matching reports $113 billion. Forex ECN FXall retains its #1 volume crown in February, reporting volumes of $122 billion per day during the month. That compares to ICAP EBS at $83.5 billion and Thomson Reuters Matching at $113 billion. FXall's volumes were essentially flat with…
Read more