Japanese customers of the company can have full trust in its ability to protect clients’ interests About a year and a half ago a regional Japanese regulator – the Kanto Local Finance Bureau’s whose jurisdiction is in central Japan, has issued a Business Improvement Order against FXCM Japan Securities Co. The company was mandated to…
Read morePerrott had relinquished most of his management duties last year to new AxiTrader GM Alex Mackinnon. In what seems like an orderly and planned exit, AxiTrader co-founder Quinn Perrott has resigned for stated personal reasons. Perrott does remain a shareholder and board member. After hiring his own replacement in the person of ex-ODL and FCStone exec Alex…
Read moreUK authorities better figure out a way to tax digital currency transactions quick - service starts from the 10th of February We have gotten used to the fact that Bitcoin is here to stay all over the news wires and the latest batch comes from The Telegraph that has reported yesterday that PayPal's parent company…
Read moreThe bank ignored connections to politically exposed persons connected to companies operating from known money laundering jurisdictions The Financial Conduct Authority has issued a press release announcing that it has fined Standard bank PLC £7.6 million for failing to enforce proper anti-money laundering rules and procedures to ensure that corporate customers are not connected to…
Read moreUnlike Bitcoin, Ven’s price depends on a basket of currencies, commodities and carbon futures UK’s FCA regulated LMAX Exchange has announced its introducing trading for an alternative digital currency named Ven starting today according to a blog post on the Wall Street Journal’s website. This virtual currency has been introduced all the way back in…
Read moreSaxo Bank is morphing its TradingFloor.com research site into a social trading platform Our twitter feed has just presented us with some fresh information surrounding Saxo Bank’s exposure to the social trading environment. According to their social media account the Danish brokerage is transforming its Tradingfloor.com portal into a fully operational copy trading environment. Up…
Read moreBonuses will only be allowed if funds are free to withdraw whenever the client wishes This could totally change the retail forex industry, and the way client acquisition and retention is done. It’s been only a day since CySEC outlined its priorities for 2014 and today we have the first steps taken in the direction…
Read moreRenewal of investor confidence in Cyprus, investor training and modernization highlight CySEC’s plans for 2014 Cypriot financial regulator CySEC has assembled briefing with local media yesterday outlining future goals for the Commission and some review of the challenging year already behind us. The press release issued on the matter details the Commission’s priorities for the…
Read moreThe consolidation seems to be paying off for the company way ahead of schedule The company resulting from the merger between Knight Capital and Getco, KCG Holdings, has released a press release outlining the completion of another $100 million principal repayment of its lien term loan under the company’s credit facility. The announcement comes just…
Read moreESMA already introduced severe restrictions on short selling, such as banning Naked Shorts European bureaucrats have scored a decisive victory over the UK’s challenge of financial laws today. The European Court of Justice has released a ruling against limiting the powers of the European Securities and Markets Authority (ESMA) to restrict short selling of certain…
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