January 21, 2014 BY Gerald Segal

German regulatory watchdog puts 4pm fix investigation as top priority

Foreign exchange fixing revamp is imminent as regulators contemplate big changes Sources familiar with the recently launched investigation by German regulatory watchdog BaFin are claiming that the investigation has been put on the top priority list and Deutsche Bank’s London offices will be visited by an investigating team. Transparency in major banks’ business practices has…

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January 20, 2014 BY Gerald Segal

CySEC issues a warning against Trident FX

Apparently the company’s website vanished since December, no sign of clients’ funds Cypriot regulator CySEC has issued a warning against FX Trident 365 LTD which is the company behind Trident FX, stating that the entity has never been regulated by the Commission. According to the press release they have never been authorized to provide investment…

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January 20, 2014 BY Gerald Segal

Russian FX trading volumes doubled in 2013

 Total number of traders rises by one-third, retail banks businesses expand swiftly Russian newspaper Vedomosti has put out an article providing data from a report on the retail forex industry by the Center for Economic Analysis of Russian non-governmental news agency Interfax. According to the article in 2013 there was a total of 400 000…

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January 20, 2014 BY Gerald Segal

Citi launches automated Renminbi pooling for its Shanghai FTZ clients

Chinese Yuan funds can be moved freely between onshore and offshore entities Another change to the Chinese Yuan forex market is on the way, as Reuters reports that Citi has set up a cross-border facility that enables Shanghai Free Trade Zone based multinationals to move funds freely between their onshore and offshore entities. Up until…

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January 17, 2014 BY Gerald Segal

LeapRate Meets... Binary Options tell-all interview with SpotOption

SpotOption Director of Marketing Tammy Levy discusses the binary business model, industry saturation, forex brokers launching binaries, and more. LeapRate Meets is a series of interviews with interesting personalities in the forex world. If you would like to suggest an interviewee or topic, or if you would like to be interviewed, please contact us and…

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January 17, 2014 BY Gerald Segal

Bank of Russia to get new forex oversight structure

Chief regulator Serguey Shvetsov is very likely to get a new deputy very soon The Russian central bank has announced its first new appointments within a new regulatory structure that was unveiled last year. The current body responsible for financial markets regulation will be liquidated on the 3rd of March. The man behind the wheel…

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January 17, 2014 BY Gerald Segal

Whistleblowing for forex fraud to the CFTC has just been made easier

As part of the Dodd-Frank Act, an electronic filing portal has been launched for public access In times of a vastly expanding regulatory environment in the financial services industry sometimes it is very difficult to properly address all inquiries that come to the regulators. Authorities have been blamed for not paying enough attention to “obvious”…

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