November 12, 2013 BY Gerald Segal

New VC-backed Bitcoin Exchange itBit opens, based in Singapore

itBit aims at facilitating institutional investors with rock solid security and regulatory compliance As Bitcoin Magazine first reported yesterday, we have a new global player from Singapore that has launched a new bitcoin currency exchange. Attracting some serious venture capital companies such as Canaan Partners and RRE Ventures the company has raised about $3.25 mln,…

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November 12, 2013 BY Gerald Segal

Myfxbook introduces risk adjusted rankings for AutoTrade members

Myfxbook also adds toolbar for websites looking to add streaming news, calendar events and rates The social trading and copy trading service provider Myfxbook announced that it has launched a new ranking formula to optimize the results of its Autotrade feature. The trading leaders are in for some rearranging, as systems up until now were…

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November 11, 2013 BY Gerald Segal

Moscow Exchange introduces a new FX Fixing methodology

New currency pairs for which rates are provided, including EUR/USD and CNY/RUB Starting today the Moscow Exchange has announced that it is changing the methodology of calculation of Moscow FX fixings, and in addition to the already priced USD/RUB, it introduces fixing prices for EUR/RUB, EUR/USD and CNY/RUB. The move comes at a time when…

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November 11, 2013 BY Gerald Segal

Three binary options brands jump ship to Tradologic

Option Ground, Finopex and EasyXP unite into Regaloptions and choose Tradologic’s platform Three ex-clients of TechFinancial – Option Ground, Finopex and EasyXP will be rebranded under a common name "RegalOptions" and have switched their platform provider to Tradologic. After Tradologic got on board the major binary options label Cedar Finance in July and FXTrade Japan…

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November 11, 2013 BY Gerald Segal

Hong Kong forex broker KVB Kunlun announced Q3 results, revenue down 42% Q/Q

Share prices rally 6.25% on dividend announcement Hong Kong listed medium sized brokerage KVB Kunlun (HKG:8077) has announced that during the third quarter of 2013 it has reported a marked decline in revenue numbers from last quarter. While being in line with the trend observed in the rest of the industry, the revenue numbers have declined a whopping 42% from…

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November 11, 2013 BY Gerald Segal

TradeSlide launches risk manager product – made for traders

The newest part of the platform makes risk management look simple The trading performance tracking website Tradeslide has implemented yet another tool into its powerful analyzing environment – the Tradeslide Risk Manager. The tool is aimed at helping traders keep track of their account equity curve, program certain simulations and in the end obtain better…

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November 11, 2013 BY Gerald Segal

The FT states: The Forex market is designed to encourage crime

Was the 4pm fix mechanism just inviting manipulation by greedy traders and banks? Last week, in an interesting piece called “The forex market is designed to encourage crime” the Financial Times newspaper picked up on an important issue. Written from a forex industry outsider's perspective (the author's first complaint was the 30% spread in buying or…

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November 10, 2013 BY Gerald Segal

iOption shut down?

Various media reports are that binary options broker iOption has shut down and laid off its employees, just days after formally receiving its CySEC CIF license. Israel business newspaper Calcalist has reported today that binary options broker iOption has shut down. The report would not be too unusual -- there simply isn't room for every…

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November 08, 2013 BY Gerald Segal

Swissquote to eliminate old AC Markets website

AC Markets and MIG Bank will soon redirect to Swissquote.com/fx. Leading Swiss forex broker Swissquote has sent a note to clients that it will soon eliminate the www.ac-markets.com website, which it has kept live since its acquisition of rival Swiss broker AC Markets three years ago. As most of Swissquote's eForex business was based on its…

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