March 27, 2014 BY Gerald Segal

New Binary Option Trading Platform Takes Bitcoin-Only Payments

Beta website for nine different binary options, including gold, silver and crude oil, plus six foreign exchange pairs Bitcoin ONLY! That is the terms of service of new binary option trading platform UpDown. A few online gaming and sportsbooks accepting Bitcoin have popped up since the digital currency went into the mainstream consciousness. However, the…

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March 27, 2014 BY Gerald Segal

CPattern launches retention alerts tool for Binary Options brokers

System provides alerts about critical behavior of traders to enable broker’s retention agents to target and engage Retention automation and marketing software is a very lucrative niche for companies that can develop a system that provides deep insight and results. CPattern is one of those companies, and has launched a new retention alerts tool for…

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March 27, 2014 BY Gerald Segal

London creates Renminbi clearing bank with China’s blessing

BoE and PBOC agree on renminbi clearing and settlement in the UK The bank to be named for clearing and settlement has yet to be determined according to Reuters. A clearing bank is considered a politically sensitive subject in China, and is usually a domestic entity, with Bank of China and ICBC seen as the…

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March 26, 2014 BY Gerald Segal

Spin off and reorganization at BNP Paribas amid changes

French bank BNP Paribas dealing with ever changing regulatory environment BNP plans a separate derivatives clearing business, as part of its near term strategy to increase earnings at its fixed income business. BNP Paribas will shift its OTC client clearing and FX prime brokerage operations alongside its listed derivatives clearing business. The businesses had previously sat…

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March 26, 2014 BY Gerald Segal

Auto trading platform company Tradency, receives seal of approval in Japan

Granted formal approval for the investment advisory business registration by the JFSA Copy trading platform provider Tradency has been recognized as a Japanese Financial Services Agency (JFSA) investment advisory business, according to a press release issued today. The JSFA is formally treating and categorizing this type of signal copying under the umbrella of an investment advisory…

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March 25, 2014 BY Gerald Segal

Perseus First to Offer trans-Atlantic Wireless Access; 33.84ms Milliseconds New York to Frankfurt

Perseus provides many of the world’s fastest market-to-market routes Perseus Telecom has announced that it will offer trans-Atlantic Wireless Access; 33.84ms Milliseconds New York to Frankfurt. The service is accessible from NY4 to Frankfurt FR2 data centres with the performance on the link at 67.68ms RTD currently, reducing to 67.39ms RTD in July 2014 with…

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March 25, 2014 BY Gerald Segal

Australian CFD broker FP Markets connects to LMAX liquidity

Australian broker FP Markets beefs up FX execution with LMAX In an effort to boost its FX offering to clients FP Markets (FPM) out of Australia has partnered with LMAX Exchange. Matthew Murphie, Managing Director of FP Markets commented in the press release: “We are thrilled to have teamed up with LMAX Exchange as their…

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March 25, 2014 BY Gerald Segal

Singapore surging to take on more offshore RMB

Hong Kong became the first offshore yuan trading hub in 2004, followed by London in 2011 According to the latest SWIFT RMB Tracker (February 2014), the top offshore RMB hub remains London (excluding Hong Kong and Mainland China). Singapore is right behind London in weight and rank and is gaining volume. Singapore yuan clearing volume…

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