UK Chancellor George Osborne has finally clarified the UK Treasury’s position It took the UK Treasury long enough to openly come out with a statement that a vast majority of market participants was already widely expecting. Last week the Chancellor of the Exchequer George Osborne has finally clarified the position of the current government. What’s…
Read moreHis company SureInvestment stripped over 300 clients of more than £21 million The FCA has reported that it successfully concluded the prosecution of Benjamin Wilson – a fraudster that has managed to deceive more than 300 investors into entrusting his company SureInvestment £21.8 million. Justice is heavy – the scammer will serve seven years in…
Read moreNot all EU country regulators agree on what a ‘derivative’ is for EMIR reporting purposes The EU regulator of financial derivatives ESMA has sent a letter to the European Commission on Friday asking for clarification of the derivatives definition under the EMIR (European Market Infrastructure Regulation). According to the press release, the lack of EU…
Read moreJenkins ran a Ponzi scheme through his company Harbor Light Asset Management allegedly trading S&P 500 Futures According to a press release by the CFTC the list of fraudsters that have been heavily fined for violating US laws has grown with one more name in it. The latest addition is Michael Anthony Jenkins and his…
Read moreMt Gox announces maintenance, price almost drops to $300 Panicky behavior of Bitcoin investors is wreaking havoc across the market, especially at Mt Gox. According to current data provided by Bitcoincharts.com price divergence between Mt Gox and BitStamp is close to 85%. For every Bitcoin you are holding at Mt Gox you could get (assuming…
Read moreForex volume metrics in January are strong across all major Forex ECN platforms. Forex ECN KCG Hotspot has reported its January volumes at $34.1 billion per day -- Hotspot's second best month ever, second only to June 2013's $36.9 billion. Hotspot's results complete what was a very strong January in the institutional FX business: ICAP…
Read moreDukascopy goes it alone with in-house binary platform in demo mode launch Its official – the latest competitor in the binary options space is Dukascopy with its own in-house developed platform. The product is now available for demo testing and the company is sticking to its traditional competitive offerings with one of the highest payout…
Read moreTradingApp™ Store will launch at the annual New York Traders Expo US based TradeStation that is actually fully owned by the Japanese Monex Group has announced that it is joining the fray of appstore supporting platforms. Additional extensions to various trading software solutions has been gaining traction in the recent couple of months and it…
Read moreResearch by Fideres has encompassed price action around the London fix in 6 major dollar crosses The Financial Times reports that the first class action lawsuit against several banks for manipulating forex rates has been filed in the US. Amongst the banks mentioned in the suit are Barclays and UBS and the evidence supplied includes…
Read moreThe new feature is called Trade On! and it is allowing traders to place trades 24/7 One of the leading binary options platform providers SpotOption has launched a new feature that allows clients of binary options brokerages to place trades over the weekend. Normally activity is quite subdued during holidays, so the solution that the…
Read more