AvaTrade offering free Twitter shares, IG pushes Twitter trading The buzz surrounding Twitter’s IPO is helping some forex brokers break new ground in their marketing campaigns. Dublin based AvaTrade is running a 25 Free Twitter Shares campaign, offering new traders who register for an account a what essentially equates to a free 50 USD/EUR sign up bonus.…
Read moreAfter reporting its Q3 interim management statement, HSBC joins the ranks of alleged FX manipulators. In a fresh batch of events, it seems that major bank troubles related to the 4pm fix manipulation investigation are just about to start. As we have reported during the past couple of weeks, major banks around the globe are being investigated…
Read moreOctober volume metrics of $597 billion at Japan's largest retail forex broker are down 6% from September. Japanese retail forex traders' enthusiastic return to trading in 2013 seems to have waned somewhat in the second half of the year... GMO Click, Japan's largest retail forex broker, has reported October trading volumes of ¥59.1 trillion, or about…
Read moreAs we previously reported, Binary Options and Forex brokers continue to flock to Cyprus. The EU-Cyprus bailout crisis and subsequent bank account 'haircut' which occurred this spring has not dampened traders' enthusiasm for engaging with Cyprus-based brokerages. And as such we continue to see a number of startup (and existing) binary options and forex brokers…
Read moreMIG Bank brand will disappear, as Swissquote (SWX:SQN) Q3 report provides more insight into the acquisition of its Swiss rival. Leading Swiss online broker Swissquote has reported its Q3 financials, which showed a relatively slow but profitable Q3 (more on that later). However the interesting part of the report shed more light on Swissquote's acquisition of…
Read more...but remain well below first half of the year metrics. We asked last month 'What is wrong with Saxo Bank' when the Denmark-based retail forex broker reported its fifth consecutive month of declining volumes, at $220 billion. Well things improved somewhat in October, but not that much. Saxo Bank October forex volumes came in at…
Read moreGovernment shutdown leads to slow institutional trading month. Forex ECN EBS and derivatives marketplace CME Group each released October volume figures today, and they were scary low (from their perspective, of course). CME Group FX futures volumes decreased by 22% from September, and 9% from last year October, averaging 644,000 contracts per day --…
Read moreNevada based company Robocoin has installed its first Bitcoin ATM machine in Vancouver. Prices for the digital currency Bitcoin keep on steadily rising, as it did not seem to lose its luster after the Silk Road debacle and kept marking new recent highs at the end of October helped in part by a Chinese major…
Read moreTwitter is expected to price its IPO later this week, greymarket pegs $22-$23 billion valuation. After much anticipation, social networking icon Twitter (NYSE:TWTR) is finally expected to price its IPO later this week (November 7), barring any last minute change in plans. And while the latest version of Twitter's IPO prospectus still shows a $10-$11…
Read morePressures for the Chinese Yuan to become a convertible currency will only intensify. In a not so diplomatic report to Congress, the US Treasury has highlighted the need for greater exchange rate flexibility on the part of China and angered German politicians by pointing out Germany’s large global trade surplus is persistently harming the rest…
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