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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January 14, 2014 BY Gerald Segal

US retail forex brokers continue to bleed client assets

CFTC monthly November data show a further 4% decline in client assets held by US forex brokers. (Over-) regulation continues to take its toll in the US retail FX business. CFTC's just-released November data showed continued erosion of assets held by US retail FX traders at their brokers. This wasn't a case of clients migrating…

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January 13, 2014 BY Gerald Segal

FXCM ends a solid 2013 with a mild 12% drop in December volumes

Overall, FXCM retail volumes were up 14% and institutional volumes 72% (!!) in 2013. Leading retail forex broker FXCM closed the books on a very strong 2013 with (not unexpectedly) weaker December volumes metrics. Seasonally slow December came in at $272 billion retail volumes (down 12% from November) and $146 billion institutional volumes (down 24%).…

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January 13, 2014 BY Gerald Segal

Alpari introduces Binary Options on demand

Alpari Russia binary options traders can now tailor their own expiry times Alpari Russia has issued a brief press release outlining the introduction of a new feature for its binary options trading module. The technology provider of the Russian arm of the major forex brokerage has made available a fresh addition to its platform by…

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January 13, 2014 BY Gerald Segal

Canadian securities regulator warns against unlicensed binary options brokers

Warning includes RBOptions, 24options.com, GOoptions.com and TradeRush.com Binary options brokerages are coming under scrutiny under one of the ten Canadian regulators as the British Colombia Securities Commission (BCSC) has issued a warning to investors about binary options trading platforms. The particular firm under the crosshair of the regulator is called RBOptions and claims to be…

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January 13, 2014 BY Gerald Segal

China to speed up Yuan convertibility

The central government wants a piece (or rather, a big chunk) of the reserve currency pie Over the weekend China’s forex regulator State Administration of Foreign Exchange said in a statement that acceleration of the Renminbi convertibility is one of the major goals for authorities. With the Shanghai Free Trade Zone being the test bed…

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January 13, 2014 BY Gerald Segal

CySEC rejects binary options broker ShortOption’s CIF license application due to questionable shareholder

Apparently the company failed to provide evidence of professional qualifications of the main shareholder as the law requires Last Friday the CySEC has issued a statement clarifying that it has rejected the application of ShortOption for a CIF license due to a questionable shareholder within Stardor Limited, which is the company behind the binary options…

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