Citi's revenue from fixed income, currencies and commodities trading fell 7% last year. Global commercial bank Citigroup has announced that its Head of FX, Anil Prasad, is leaving the company effective March 31, with no replacement set yet. Prasad joined Citi in the mid 1980s, although he left the bank for a spell to work…
Read moreStill markedly lower by more than a third from a year ago levels, best number since July According to data released by ICAP, volumes on their EBS platform have risen substantially from December marking the first substantial increase we have seen in a while. Traded forex volumes have reached $87.5 billion from $71 billion a…
Read moreCarry trade unwinding leads to a substantial increase in volumes at the leading Japanese brokerage The leading Japanese forex trading brand GMO Click has announced its volumes numbers for the month of January and we are seeing a dramatic increase in trading volumes. The firm announced that monthly FX volumes have totaled almost ¥83 ($820 bln)…
Read moreMonex nails a great start to the year continuing solid rebound since October 2013 Monex Group has just published January trading volumes on its website and the results are promising - activity has picked up by 20% on last month's already impressive rebound. The amount of average daily transactions has reached ¥167 billion ($1.65 billion) in…
Read moreEXNESS also set a one-day volume record of $10.8 billion on January 23rd Volume numbers at New Zealand registered and CySEC regulated upcoming brokerage EXNESS have surprised to the upside with a record rise to $150 billion - way over December's figures. Thats a whopping spike by more than a third and it seems to…
Read moreSaxo starts the new year on a flying note, a solid increase appears to be turning the trend A stark rebound in Saxo Bank's volume metrics for the month of January - that's what we are seeing from the company's announcement on their website. Overall monthly volumes were higher than January by almost 30%, totaling…
Read moreYear-on-year growth remains steady, rising FX volatility might be here to stay FX contracts volumes on the Moscow exchange have subsided somewhat from December's impressive showing. Despite being on the lower side when compared to the end of last year, the number overall is pretty strong considering that Russia was celebrating NYE and Christmas during…
Read moreThe platform is aimed at bridging the gaps between affiliates and binary options white labels One of the worlds largest binary options platform providers Tradologic has introduced a new offering today aimed at affiliate businesses. The newly launched AffMarkets affiliate network is aimed at connecting binary option brands with leading affiliates offering them an expanded…
Read moreRegulatory pressure on Cypriot companies firming up, this time its about tax dodging Cypriot financial regulatory authority CySEC has released a press release today detailing information regarding an upcoming proposal by the European Commission that is aimed to fight terrorist financing and money laundering activities. CIFs by no means are expected to determine whether their…
Read moreThe bank has systemically overcharged clients without their nor management's knowledge UK's financial regulator FCA has issued a press release detailing the wrongdoings of State Street UK and mandated the company to pay a hefty £23 million fine. According to the UK watchdog, State Street UK's Transitions Management has systemically marked up fees on certain…
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