January 15, 2014 BY Gerald Segal

December volume metrics at KCG Hotspot lower by 7%

Total volumes for last year higher by 17% over 2012 Volume metrics during the last month of the year at KCG Hotspot have remained somewhat subdued when compared to November’s release, however that shouldn't be a big surprise considering the broad industry slowdown during the holiday month, especially when it comes to institutional volumes. Overall…

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January 15, 2014 BY Gerald Segal

Integral and Stanford University launch second-by-second FX benchmark

The access to the resource is free and it can be used by brokers and clients to settle transaction disputes Californian forex technology company Integral Development has now officially launched its earlier unveiled product aiming to bring more transparency to the forex market. While we haven’t tried the service yet, it can be a very…

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January 15, 2014 BY Gerald Segal

Monex makes TradeStation available to its Japanese customers

Platform features are fully available for Japanese retail investors with a downloadable version The Japanese subsidiary of Monex Group, Inc. has released a press release announcing the launch of its own TradeStation platform for Japanese retail investors. Up until now it was available only to their clients of US based TradeStation Securities and TradeStation Technologies…

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January 15, 2014 BY Gerald Segal

Deutsche Bank preemptively suspends a forex dealer

 Internal investigation is suspecting benchmark manipulation of Argentinian Peso rates Deutsche Bank is the latest amongst heavyweight players in the foreign exchange industry that is parting with a trader on suspicion that benchmark forex rates have been manipulated. Sources close to the German daily newspaper die Welt have reported that the currency trader worked in…

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January 14, 2014 BY Gerald Segal

CFTC fines Introducing Broker $50,000 for failed record keeping

New World Holdings destroyed business records and failed to diligently supervise employees Chicago based introducing broker New World Holdings (NWH) has been imposed a fine by the US Commodity Futures trading commission as it failed to keep proper records of its customers and neglected employee supervision. The monetary penalty amounts to $50,000 while the court…

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January 14, 2014 BY Gerald Segal

Is eBay about to introduce its own version of Bitcoin?

We need a payment systems revolution and Bitcoin is part of the solution, Paypal could be jumping on the bandwagon Forget about copycats that are trying to take away the crown of Bitcoin amongst digital currencies – forget about the satiric ambitions of Dogecoin (yes, really...) and the daring Coinye (formerly Coinye West...). If you…

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January 14, 2014 BY Gerald Segal

IG Group Q2 Revenues down 5%, MT4 adoption called 'slow'

IG is eyeing the opening of a Switzerland office in 2014. UK spreadbetting leader IG Group (LON:IGG), which is in process of rebranding its businesses to just IG.com, has just reported its second consecutive quarterly decline in revenues. Fiscal 2014 Q2 revenue of £89.1 million came in at 5% below Q1, with Q1 having been 10%…

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