Will KCG look to sell other assets -- including Forex ECN KCG Hotspot? KCG Holdings -- the company resulting from the merger of Knight Capital and Getco -- formally announced today it had closed its $80 million sale of reverse mortgage originator Urban Financial, a transaction we reported would happen back in July. Following the merger,…
Read moreFormer PayPal and Citi exec Ed Eger is in, K Duker is out. Changes abound at Oanda. After replacing its CFO, and appointing a new CMO, Chief Strategy Officer and new Chief Technology Officer, now comes the big one. Oanda is replacing CEO K Duker with Ed Eger. Eger joins Oanda from PayPal (an eBay company,…
Read moreA meager 5% gain, but recovery in retail volumes looks steady, bringing us closer to the mean Saxo Bank has reported its November volume metrics this afternoon and the numbers keep gradually picking up from the slump observed at the end of summer. Monthly volumes were registered at $251 billion which is a rise of…
Read moreThe Oanda Trade Leaders Program provides copy trading functionality within existing accounts It is only a couple of months since Oanda acquired social trading service Currensee and the first results from the takeover are starting to appear. Over the weekend the Canadian forex brokerage Oanda Corporation introduced its new platform feature called OANDA Trade Leaders…
Read moreScotland government white paper (purposely) leaves out any mention of a Scottish currency Scotland's government, led by Alex Salmond’s Scottish National Party, tabled its ‘White Paper’ on Scottish independence earlier this week, and it was as notable for what was NOT in it as for what was. One of the main omissions was talk of…
Read moreRetail forex brokers making it easier for China clients to deposit and trade Cyprus based retail forex broker ForexTime has announced that it is starting to accept card transactions denominated in CNY through China UnionPay (CUP). This is the only bank card organization which is based in China operating under the supervision of the People's…
Read moreA leveraged foreign exchange products license aiming to establish an Asian foothold The Hong Kong subsidiary of UK Based Sucden Financial Limited has been granted a license for providing leveraged foreign exchange products by the Securities and Futures Commission (SFC) in Hong Kong. Clients of Sucden Financial (HK) will be granted access to trade FX…
Read moreX Open Hub’s rebranding focuses on its open environment The company behind the open online FX & CFD trading environment X Open Hub, X Financial Solutions has publicized today that as part of its ongoing effort to strengthen its brand recognition and in order to underline the openness of its product it is changing its…
Read moreLeading religious and social figures in the UK push to remove the tax exempt status of spreadbetting After several years of tax exemption the UK Treasury seems to be aiming at that heaven. Lawmakers will look into spread betting after the taxing question was raised by the Archbishop of Canterbury and shadow treasury spokesman Lord…
Read moreIt looks like CySEC’s earlier warning against TraderXP was for the same company The Cypriot regulatory authority CySEC has issued another warning against dealing with a binary options broker called Sycamore Options. Just as in previous cases there was no detailed information in the announcement on CySEC’s website as to whether or not the company…
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