FXCM adopts 'poison pill' shareholder rights plan
A poison pill helps prevent an unsolicited bid to buy a company, keeping the company under the control of the Board. It is NOT about raising money.
Read moreKCG reports fourth quarter earnings at $26.1 million, makes statement on successful sale of Hotspot FX ECN
"During the fourth quarter, KCG generated solid financial results due in part to an improved operating environment. The U.S. equity market posted higher average daily share volume, dollar volume and realized volatility on both a sequential and annual basis." - David Coleman, CEO, KCG
Read moreRussia's central bank reduces key rate to 15%, states price adjustment to ruble depreciation is time limited
According to the results of the year 2014, inflation totaled 11.4% while core inflation was 11.2%. Meanwhile, in December 2014, monthly consumer price growth was 2.6% amid considerable ruble depreciation, which now stands the Russian currency at less than 70 rubles to the dollar
Read moreASIC releases enforcement report for H2 2014 - Retail FX high on regulator's list of priorities
Within the last six months of 2014, ASIC took stringent action against a number of FX companies, and voiced its trepidation toward the practices of certain firms. Commissioner Greg Tanzer has stated today that retail FX trading is a matter which features as an important part of the regulator's agenda
Read moreFortress Prime seeks acquisitions, provides capitalization and operational support to distressed forex brokers post SNB turmoil
"We are providing M&A opportunities and favourable capital investment terms to forex brokers that are experiencing financial stress due to recent market events.” - Mitch Eaglstein, CEO, Fortress Prime
Read moreSaxo Bank to adjust margin requirements with 3% collateral increase on several further currencies on February 4
The company has raised the amount of collateral investors have to post upfront, as a percentage of the trade by 3%, on average, on currencies from the Colombian peso to the Indian rupee
Read moreCySEC launches totally new website
CySec's entirely new website consists of clearly listed announcements which are arranged on a per-category basis, and clear distinction between English and Greek languages. The alerts service has also been replaced by RSS feed updates, however certain newly-licensed firms are now omitted from the list of CIFs
Read moreMahiFX is granted regulatory license as derivatives issuer by New Zealand FMA
In addition to the newly granted license as a derivatives issuer, MahiFX is also regulated by and fully compliant with the Australian Securities and Investments Commission (ASIC). Financial Conduct Authority (UK) approval and regulation is pending
Read moreTechFinancials plans late February IPO on London AIM
TechFinancials operates through two main business units, those being its binary options software division, and OptionFair an online regulated broker, operated by the Group's fully owned subsidiary B.O TradeFinancials in Cyprus. The firm is being advised by Grant Thornton for its proposed IPO
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