November 13, 2013 BY Gerald Segal

Regulators extend forex investigation of banks into currencies beyond EURUSD

Was FX benchmark manipulation the exception or the norm? Yesterday we bumped into a revealing article providing some more precise details about the foreign exchange manipulation investigations in the Financial Times called "Biggest banks face forex probe questions". As it turns out, according to the newspaper’s sources close to the forex probe, there are several forex…

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November 13, 2013 BY Gerald Segal

ICAP revenues to September 30 down 1%, EBS down 9%

ICAP is counting on new initiatives such as EBS Direct and its new SEF to revive forex revenues ICAP (LON:IAP) has reported today in its half-year statement that its revenue declined to 736 mln pounds, dropping marginally by 1% year on year. Despite this, operating profits were reported at 153 mln pounds, which is higher by…

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November 13, 2013 BY Gerald Segal

iOption closed down – the real story

Dispute among shareholders, near-sale to a rival Binary Options broker. LeapRate Exclusive... After contact with several of the behind the scenes players in the drama leading up to the closure this weekend of leading binary options broker iOption, LeapRate has learned more about the circumstances and events leading to the unfortunate shutdown. First, following the…

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November 12, 2013 BY Gerald Segal

Moscow Exchange launches its own volatility index

Introduces changes to FX collateral rules to its derivatives market A brand new methodology for calculating a volatility index has been introduced by the Moscow Exchange. It will be compiled based on feedback from market participants instead of mathematical methods of volatility calculations. According to the Moscow Exchange this will mean a more accurate evaluation…

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November 12, 2013 BY Gerald Segal

Japan FX trading volumes down as Mrs. Watanabe turn to stocks

Volumes will only pick up when we see volatility in the Japanese Yen return The well-known personality of Mrs. Watanabe as the housewife who sits at home and trades the forex market might be turning to other assets to realize gains following the reduction in volatility of JPY pairs. Japanese forex brokerages had reported earlier…

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November 12, 2013 BY Gerald Segal

FXCM acquisition of Faros Trading – $15.6 million

$5 million cash paid up front, a further $10.6 million to be paid in 2015 in cash and/or FXCM stock. So what is top-end Forex research worth? A lot, it turns out. LeapRate has learned that FXCM's previously-announced acquisition of Faros Trading cost FXCM $15.6 million -- and that's just for 50.1% of Faros. FXCM (NYSE:FXCM)…

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November 12, 2013 BY Gerald Segal

Tradesmarter launches advanced binary options trading panel

The StrategiX component enables selection of multiple types of binary options from a single panel The software provider for binary options brokers Tradesmarter has announced the availability of its panel called Strategix – a new addition to its trading platform. It is aimed to serve the needs of more advanced customers that would like to…

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