December 04, 2013 BY Gerald Segal

Spotware rolls out netted and hedged accounts in a single environment

cTrader and cAlgo might become indispensable for companies operating in different regulatory environments The company behind award winning trading platforms cTrader and cAlgo has announced that it will be rolling out the first technological solution that incorporates netted and hedged accounts in a single environment. Brokerages which operate in different regulatory environments will no longer…

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December 03, 2013 BY Gerald Segal

Is Bitcoin Gold 2.0 or Tulip 2.0 – the race is on!

The currency dubbed ‘gold 2.0’ briefly traded above the price of its long term store of value competitor Yes, it has finally happened – gold has been dethroned as a store of value and an inflation hedge! Oh well, maybe it’s too soon to predict the doom of an age old currency such as physical gold…

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December 03, 2013 BY Gerald Segal

Volumes stabilize at CME Group, up by 10% in November

After the multiyear lows reported last month an obvious pickup is firming up on FX futures trading The derivatives market place CME Group has just announced its volume metrics for the month of November. The numbers came out at 718,000 contracts which looks much better than last month’s multiyear lows, however the amount is still lower from…

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December 03, 2013 BY Gerald Segal

Another Renminbi milestone: now #2 currency in trade finance

Global transaction services organization SWIFT releases global market share data for CNY at 8.66% in October The internationalization of the Chinese currency is gathering pace as the Renminbi appears to have achieved another milestone in the month of October according to global transaction services organization SWIFT. The market share in global trade denominated in CNY…

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December 02, 2013 BY Gerald Segal

KCG closes sale of Urban Financial, to focus on core market making

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,…

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December 02, 2013 BY Gerald Segal

Oanda replaces its CEO, brings in PayPal veteran

Former 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,…

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