The 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 moreYear on year growth remains steady for FXall, Thomson Reuters growing more rapidly month on month The last big data set for institutional November volume metrics is in and the rebound is confirmed. Thomson Reuters reported that volumes have risen during the month of November. Both FXall and the parent have fared better than in…
Read morePaypal’s Director sees it as a store of value, adds that regulation will boost merchant adoption As hectic volatility on the Bitcoin exchanges goes on, we are on a mission to explore recent factors behind the latest batch of dramatic moves. Yesterday Swiss lawmakers have given the needed “governmental” boost to the crypto-currency with a…
Read moreThe new condition is aimed at improving quality of the exchange’s order book The Moscow exchange has issued a press release on its website announcing that a new fee will be introduced on FX trades since January 20th 2014. Every trade that’s worth less than 50 lots will have an additional 25 RUB fee applied.…
Read moreA whopping rise to $429B, higher by 47% M/M is unlocking the institutional freeze from last month GAIN Capital Holdings (NYSE:GCAP) have just announced their volume metrics for the month of November and those have ballooned quite impressively on the institutional side. Let’s first examine the retail component though - retail OTC volumes were lower…
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