China’s State Administration of Foreign Exchange (or “SAFE”), which sets foreign currency regulations in China, announced yesterday a series of new rules to take effect August 1 which indicate further easing of general Forex controls in China.The new rules are aimed mainly at making it easier for Chinese companies to move money and invest overseas,…

The US Commodity Futures Trading Commission (CFTC) decided today, in a 5-0 commissioners’ vote, to propose delaying implementation of certain Dodd-Frank Act swap rules scheduled to take effect on July 16 to (at least) the end of the year. The delay will allow more time for the regulators to finalize certain rules which are still…

IG Group reported results this morning for Q4-2011 (the company has a May 31 fiscal year end), and of course for its full year ended May 31/2011. Saw 2% overall revenue growth in Q4, steady if unspectacular. Home base in the UK actually saw a small revenue decline in Q4, £44 million this year versus £45…

A couple of recent and similar moves by two US regulators, the FDIC (or Federal Deposit Insurance Corporation) and the OCC (or Office of the Comptroller of the Currency), went largely unnoticed in the Forex industry, and in our view were somewhat misinterpreted by those who did notice. However, these moves spoke volumes to us…

FXCM’s share price soared on Friday by 11% following the release of information (as reported in Business Insider) that several large and influential hedge fund investors had accumulated significant positions in FXCM stock. The largest reported position was an approximate one million share holding in FXCM by Ken Griffin’s Citadel Investment Group, among the largest…