KVB shares remain below their July IPO price Hong Kong listed retail forex broker KVB Kunlun (HKG:8077) has announced that it has obtained permission from Chinese authorities to open an office in mainland China. The Zhuhai City Hengqin New District Management Committee and Executive Services Promotional Bureau have successfully approved the company’s application for setting…
Read moreAshby's shares only vest in 2017, and he benefits only if they increase more than 50% from current prices. UK online broker London Capital Group (LON:LCG) has announced that its new CEO, Saxo Bank veteran Kevin Ashby, has acquired more than 2.6 million LCG shares, bringing his total holdings to about 5% of outstanding LCG…
Read moreThe bank failed to keep some instant messages from Bloomberg Terminals, FX fix investigations related? On the second day of Christmas… FINRA settled with Barclays for systematically failing to keep proper records of emails and instant messages for 10 years. The company did not abide by securities laws that mandate companies to keep and protect…
Read moreRetail FX volumes heading back up, despite continued slowdown in Japan. November was a month of recovery in the retail forex world. Most major retail FX brokers, such as FXCM, Gain Capital and Saxo Bank reported a nice if undramatic rise in volume metrics during the month. Most major Forex ECNs as well had a…
Read moreCFTC recognizes some foreign regulators’ oversight of key swaps components, causes more confusion Friday afternoon saw a plethora of press releases by the CFTC which instead of clearing out the rulebook by which swaps and derivatives clearing counterparties have to comply with, effectively caused even more confusion and chaos. The CFTC announced local companies can…
Read moreThe new symbol that was announced by Moscow last week part of the effort to internationalize its currency Russian authorities have selected a new symbol for their currency and it happened in a rather unique way. The usual RUB will be substituted by the Cyrillic letter P (which sounds like R) with a small bar…
Read moreDon’t like a trader? TradeCrowd allows you to do the opposite Recently launched social trading platform TradeCrowd is rolling out a fresh addition to its functionality. Have you ever found some really bad traders while browsing through social trading networks? Well now you can follow them and do the opposite. The feature is called Contra…
Read moreThe cost of currency trading misconduct for Krishan Rasaratnam is 4 years of proceedings and 3 years and 3 months jailtime Legislative proceedings in Australia can be quite a lengthy process these days. Especially when the matter is related to FX trading fraudsters. It took more than two years to the Australian judicial system to…
Read moreNext steps? Banks likely to line up to be the first to tattle, to get the best deal with regulators The passing year will remain in history as a dire one for the financial industry. First it was the Libor fixing rate, it was closely followed by the foreign exchange markets fixing probe and concluded…
Read moreCurrent co-CEOs will split roles - Doron Cohen to be Chairman, Ran Strauss - CEO Leading provider of platform technology for forex brokerages and financial institutions Leverate has announced that it is starting 2014 with a management restructuring at the top level. Until the 1st of January Doron Cohen and Ran Strauss will keep running…
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