Mr Artem Obolensky suffers a rare foreign national penalty under The Dodd-Frank Act The first regular working day of the year is under way and the CFTC is already enforcing a rare action against a foreign national. The regulator has released a press release that informs us of a settlement with Russian national Artem Obolensky…
Read moreKCG’s broker-dealer sub joins KCG Hotspot (formerly Hotspot FX) under the KCG brand The independent securities company KCG has announced in a press release today that it successfully completed the consolidation of both of its US broker-dealer operations Knight Capital Americas LLC and GETCO into a single entity named KCG Americas LLC (KCA). The company…
Read moreUndoubtedly the digital currency is the best performing asset class for 2013 The tangible value of Bitcoin is getting credibility as some real demand emerged once again to prop up prices of the digital currency. Current prices recovery to around $820 has started because of private interest – namely Overstock’s CEO Patrick Byrne who revealed…
Read moreCrises, Acquisitions, IPOs and Bitcoin all topped our list of the most followed stories in 2013. 2013 was nothing short of a spectacular year in the Forex industry. Forex industry volumes returned after two lackluster years, with our Retail Forex Volume Index hitting an all-time high of $329 billion daily in June, before settling back…
Read moreInvestment Trends report shows that the UK online market is still all about IG, but some surprises among the other Top 5 firms. Research shop Investment Trends has released its annual review of the UK online trading market -- covering Spreadbetting, CFD trading and FX -- and it contains some interesting findings. The not-so-surprising part?…
Read moreKVB shares remain below their July IPO price Hong Kong listed retail forex broker KVB Kunlun (HKG:8077) has announced that it has obtained permission from Chinese authorities to open an office in mainland China. The Zhuhai City Hengqin New District Management Committee and Executive Services Promotional Bureau have successfully approved the company’s application for setting…
Read moreAshby's shares only vest in 2017, and he benefits only if they increase more than 50% from current prices. UK online broker London Capital Group (LON:LCG) has announced that its new CEO, Saxo Bank veteran Kevin Ashby, has acquired more than 2.6 million LCG shares, bringing his total holdings to about 5% of outstanding LCG…
Read moreThe bank failed to keep some instant messages from Bloomberg Terminals, FX fix investigations related? On the second day of Christmas… FINRA settled with Barclays for systematically failing to keep proper records of emails and instant messages for 10 years. The company did not abide by securities laws that mandate companies to keep and protect…
Read moreRetail FX volumes heading back up, despite continued slowdown in Japan. November was a month of recovery in the retail forex world. Most major retail FX brokers, such as FXCM, Gain Capital and Saxo Bank reported a nice if undramatic rise in volume metrics during the month. Most major Forex ECNs as well had a…
Read moreCFTC recognizes some foreign regulators’ oversight of key swaps components, causes more confusion Friday afternoon saw a plethora of press releases by the CFTC which instead of clearing out the rulebook by which swaps and derivatives clearing counterparties have to comply with, effectively caused even more confusion and chaos. The CFTC announced local companies can…
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