The CFTC states that the company misappropriated funds belonging to commodity pools and sent false or misleading account statements AlphaMetrix, which was ironically marketed to investors as a safe-house against the likes of Bernie Madoff, finds itself in some hot waters. Based in Chicago, the US company provides customers with opportunities to invest in futures…
Read moreTwitter (NYSE:TWTR) will need to trade up more than 60% on Thursday for greymarket traders to make money. Retail forex brokers plan to make a lot of money around Twitter's IPO and the event of Twitter becoming a public company. But how about the Twitter greymarket traders? After many months of anticipation and (seemingly endless) talk…
Read morePreliminary unaudited review finds that the company is to report a net profit for the quarter that ended on September 30th Hong Kong listed medium sized brokerage KVB Kunlun (HKG:8077) has announced that during the first nine months of this year the company is faring better than last year and it will announce net profits for…
Read moreDRW Investments filed a pre-emptive lawsuit against the US regulator The CFTC filed a civil lawsuit against Donald R. Wilson and his company DRW Investments, LLC. Charges are for unlawful manipulation of a 3-month interest rate swap futures contract in a period of at least 8 months – between January and August 2011. According to…
Read moreTradable's unique app platform environment goes on to gain further popularity FCA regulated, Cyprus headquartered forex broker Iron FX, has announced that it is joining the likes of GAIN Capital/Forex.com (NYSE:GCAP), Monex Japan, Monex Indonesia and the recently added Australian IC Markets in providing the Tradable store of apps to their clients. Up until now…
Read moreThe Dodd-Frank act is coming back to haunt introducing brokers next A new proposed rule has been issued by the CFTC to require all IBs (introducing brokers) to get membership in a Registered Futures Association (RFA). This essentially means that they have to become members of the National Futures Association as of right now it…
Read moreTickCOM believes that iSTRAT will be able to circumvent possible regulatory restrictions on copy and follow trading. Trading software developer TickCOM has announced the release of their new trading platform called iSTRAT. With the possibility of regulatory restrictions on copy trading and social trading, the company offers a solution to retail traders, by implementing certain…
Read moreAfter revenues drop 27% in Q3 at Monex, things are even slower in October. Monex Group of Japan, a mid-size Japanese forex broker which also owns TradeStation and IBFX in the US, reported October average daily forex trading volumes of ¥99.856 billion, down 25% from September. The ¥99.856 billion figure translates into total monthly volumes of $22…
Read moreAvaTrade 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…
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