Leverate announces improved Sirix functionality with integrated charting LeapRate

December 18, 2013 BY Gerald Segal

Leverate announces improved Sirix functionality with integrated charting

The company teams up with mobile and web charting platform provider ChartIQ Leading platform provider Leverate has announced today the addition of advance charting and technical analysis features to its Sirix platform based on HTML5, available for web and mobile usage. The company has decided to implement chart analytics from within the platform itself using…

December 18, 2013 BY Gerald Segal

LCH.Clearnet gets CFTC license to clear derivatives

Top tier FX derivatives and CFD’s liquidity provider is already regulated by FCA and ACP The Commodity Futures Trading Commision has announced in a statement on Tuesday that it has granted a license to Banque Centrale de Compensation, part of LCH.Clearnet SA (LCH.C SA) a registration to handle derivatives transactions as a derivatives clearing organization…

December 17, 2013 BY Gerald Segal

France’s regulator AMF warns investors about 23 unregulated Forex brokers

On the list: 4XP, BForex, GCI, InstaForex, Neto Trade, SunbirdFX... On Monday the French financial regulators The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) published an updated list of forex related websites that are not authorized to operate within French jurisdiction. The regulators have started compiling such…

December 17, 2013 BY Gerald Segal

IronFX expands in the Far East, opens Philippines office

IronFX earlier this year received FCA regulation in the UK As part of its ongoing international expansion strategy Cyprus-based retail forex broker IronFX has announced in a press release that it is expanding its operations in the Far East by opening a new office in the Philippines. It has been a year of growth for IronFX –…

December 17, 2013 BY Gerald Segal

Retail forex volumes in Asia grow as the Carry Trade returns

Federal Reserve’s tapering will be the theme to spark volatility and volume growth in 2014 Most participants in the FX markets will mark 2013 as the year when the carry trade has returned. And the funding currency of choice is the same as before 2008 – the Japanese Yen. Ultra low interest rates coupled with…

December 17, 2013 BY Gerald Segal

Chinese authorities ease rules on Yuan denominated foreign investment

Holders of funds in Hong Kong gain easier access to mainland China investments According to a Reuters report on Monday, The Chinese Ministry of Commerce has announced a simplification of rules for foreign firms willing to park their Chinese Yuan holdings in the mainland. That just looks like another part of efforts to incentivize a…

December 16, 2013 BY Gerald Segal

FXCM sees nice increase in November volumes

Institutionals up by a steady 10%, retail volumes consolidating due to fewer trading days FXCM has announced their November volume metrics and the numbers reported are quite good. Retail customers have been very active with a stable report at $308 billion in November 2013. While lower month on month by 2% that does not imply…

December 16, 2013 BY Gerald Segal

The European Banking Authority and Norway backlash against Bitcoin

The EBA issues a warning on Bitcoin, while Snoop Dogg jokes with the digital currency and drone deliveries Regulatory warnings and jokes? Does not seem like a really good week for Bitcoin, but not a bad one either, with volatility subsiding a little despite Friday’s news out of Europe. The day saw a double whamming as…

December 16, 2013 BY Gerald Segal

Leverate enables Bitcoin trading for its brokers using Sirix

Initially Bitcoin will be added as a CFD, later STP will be available Leading forex platform provider Leverate has just announced in a press release that it will be supporting Bitcoin trading in its Sirix series of products for forex and CFD brokers. According to the company the introduction of Bitcoin support was customer demand-driven,…

December 16, 2013 BY Gerald Segal

CFTC leadership in limbo

Mark Wetjen to be temporary CFTC Chairman after departure of Gary Gensler, due to delay in approving Timothy Massad It is hard to take the CFTC seriously as a regulator. While the CFTC’s job is ostensibly to act as babysitter for the commodities and futures markets in the US, including forex, it is hard to…