Volumes have remained flat when compared to October coming out at $ 29.6 billion per day Volumes at KCG Hotspot remained flat month on month with a negligible decline to $29.6 billion from the month of October. Consistent readings throughout the quarter are maintaining a recovery theme when compared to the quiet summer months. The…
Read moreDirect Investment Products principal allegedly misappropriating almost half a million US dollars The US CFTC has charged California based Direct Investment Products Inc. and its principal Alexander Glytenko for alleged solicitation of about 761 individuals residing in Russian and former Soviet republics to invest a total of almost $ 4 million into the commodity pool…
Read moreGain Capital (Forex.com) shares are now down 48% from their late September peak. The problem? Retail volumes. What goes up sometimes come down... A quick look at the stock market ticker reveals a very tough week for shares of retail forex brokers, culminating with yesterday's deep dip. Gain Capital shares (NYSE:GCAP) fell 9% Thursday, completing…
Read moreHe promised his victims a steady 7% monthly return from forex trading for almost 5 years The CFTC has announced in a press release that it has obtained an order requiring David R. Lynch to pay restitution of $171,297 plus $300,000 civil monetary penalty. Not so smooth for a rather small forex Ponzi scheme that…
Read moreThe bank’s CFO Nathan Bostok resigns after only two months at the job We all know that something has been terribly wrong with RBS especially when in the aftermath of the financial crisis that erupted in 2008 the UK government had to buy its shares totaling up to £45 billion pounds to prevent it from…
Read moreBase salaries of advisors selling investment and protection products could be cut in half if targets were not met UK financial regulator FCA has announced on Wednesday that it is imposing its largest-ever fine for misleading retail practices of £28,038,844 on Lloyds Banking Group members – Lloyds TSB Bank and Bank of Scotland. According to…
Read moreKM iGaming CEO joins the office to help the company build up solid relationships on local turf Binary options platform provider Tradologic has announced that its opening a UK office back in the beginning of October with the aim to expand its operations across the European Union. It’s the first base of operations for Tradologic…
Read moreIn-house developed systems pave the way for followers to make money Since retail forex broker FxPro, which is a member of LeapRate’s Approved List of global regulated forex firms, launched its in-house social and copy trading platform SuperTrader back in October, we've been somewhat curious of the results. Well FxPro has now provided some results in…
Read moreThe chief man responsible for FX industry regulation discusses prospects in an interview with a Russian financial news agency. Amendments to the forex bill were supposed to be discussed in the Russian Duma on the 23rd of October, however we haven’t heard anything about that since. News agency RIA Novosti claims that discussion has been…
Read moreAiming for transparency, the Benchmark will be free and is developed in tandem with Stanford University researchers Californian company Integral Development corp. has announced the launch of Integral FX Benchmark – the solution to the worries of regulators and in recent light, jokingly, the cure against currency rates manipulators. Integral FX Benchmark (FXB) is a…
Read more