Plus500 IPO offering oversubscribed, size increased by 50%, share to begin trading Wed July 24. CFD broker Plus500 has completed a successful IPO roadshow, and increased the planned size of its offering by 50%, from $50 million to $75 million, at a company valuation of $200 million. The company's shares will begin trading this coming…
Read moreTeam Saxo-Tinkoff riders Alberto Contador and Roman Kreuziger place fourth and fifth in the Individual Tour standings. In a much more lighthearted note than our usual Forex news items, we would like to congratulate our friends at Saxo Bank on their Team Saxo-Tinkoff's Team classification victory in the 2013 Tour de France completed yesterday. Team Saxo-Tinkoff…
Read moreFMA believes that information on the FX Promax website is fictitious. New Zealand's financial regulator FMA has issued a warning against Forex broker FX Promax Limited, and its website at FXpromaxltd.com. According to the FMA, the Forex brokerage operating at the website FXpromaxltd.com is representing itself as being based at 350 Queen Street in Auckland, and as…
Read moreStock market continues to like shares of Forex brokers. As the equity markets in the US continue to set new highs, shares of publicly traded Forex brokers have not been left behind. For the first time since going public in December 2010 (for $14 per share), FXCM saw its share price briefly hit $17 on…
Read moreDodd-Frank exception for SEC registered broker dealers was to expire July 16, 2013. The SEC has quietly extended by three years the exception provided to broker dealers to engage in what it terms 'retail forex transactions'. By the straight Dodd-Frank Act rules, all broker dealers in the U.S. were to cease Forex transactions with retail…
Read moreSpotOption also introduces Ladder Trading feature to its binary platform. Leading binary options platform provider SpotOption has announced that it has opened an office in Tokyo, in anticipation of Japan's JFSA and FFAJ (the Financial Futures Association of Japan) reopening Japan's binary market. As we reported back in November, Japanese authorities quietly instructed brokers to stop…
Read moreZoneOptions becomes the third regulated binary options broker in Cyprus. As a follow-up to our recent article, in which we exclusively reported that CySEC had approved a third binary options broker by issuing a CIF license to Rodeler Limited, parent of ZoneOptions, comes word that CySEC has indeed added ZoneOptions to its list of regulated…
Read moreGain Capital sees similar slowdown in both its retail and institutional businesses. Forex broker Gain Capital saw a slight slowdown in its clients' forex trading volumes during June, with retail volumes coming in at $155 billion and institutional volumes at $367 billion. Both figures were down 4% from Gain Capital's record May figures. To see…
Read moreRyan Primmer replaces Darren Mast as the newly renamed KCG's Global Head of Fixed Income, Foreign Exchange and Commodities. While these kind of leadership changes are not unusual following an acquisition -- especially when it is the merger of similar companies -- there has nevertheless been somewhat of a revolving door in the management suite…
Read moreEBS Internet Ai allows customers affordable access to the EBS forex market, without circuit fees or data center costs. Forex ECN EBS, a unit of futures broker ICAP, is introducing a lower cost version of its EBS Spot Ai, with EBS Ai protocols now available over the internet via EBS Internet Ai. The new EBS Internet…
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