If Forex traders like volatility, then they should absolutely love trading shares of FXCM Inc (NYSE:FXCM). After a relatively slow week last week, FXCM shares got back on the rollercoaster they have been riding the past while. Monday saw FXCM shoot up from the open, rising a whopping 77% from their Thursday close of $11.15 (there was…
Read moreHong Kong Exchanges and Clearing Limited (HKEx) announced today they will be extending incentives to solidify the development of its RMB currency futures market. Renminbi (RMB) currency futures contracts continue to serve as an effective risk management tool in periods of unexpected US dollar/Offshore RMB volatility. “As an international financial centre adjacent to Mainland China, Hong Kong…
Read moreBank of America, National Association (BANA), a unit of Bank of America Corp (NYSE:BAC) is set to join Moscow Exchange’s FX Market as a clearing firm. BANA is in the process of finalizing necessary documentation and will begin active trading in January 2016. It will trade via Merrill Lynch Securities, which is a current trading…
Read moreShares of retail forex broker FXCM Inc (NYSE:FXCM) more than doubled in value in the December 14-18 trading week. The move up is a stunning turnaround for FXCM, which has seen its shares slowly decline in value basically since January 2015, when FXCM narrowly avoided bankruptcy from losses suffered in the January 15 surprise 20%+…
Read moreThe following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. [divide] Who exactly created Bitcoin has been a constant debate within the Bitcoin the community since inception. No one knows if Satoshi Nakamoto, under whose name the original white paper explaining the Bitcoin protocol was published, was an…
Read moreCanada’s leading securities regulator, the Ontario Securities Commission (OSC), has continued its recent crusade against unregulated binary options brokers. The OSC has issued two new warnings, the first being against UK-based DSMG Limited, doing business as Binary Brokerz at website binarybrokerz.com, citing as well the company's affiliate website at brokerz-affiliates.com. The second warning was for Redtulips Consultants Ltd., doing…
Read moreBATS is looking to raise $100 million. Its IPO filing provides some interesting insights into its Hotspot FX unit, including Hotspot Revenues and Profits.
Read moreIt is a tough time to be holding petro-currencies. It seems that the Fed's FOMC meeting move of a 25 basis point rate hike - the first such rise since 2006 - has traders focused on continued US Dollar strength. That means weakness in US Dollar denominated products such as Crude Oil, which witnessed a…
Read moreAs we predicted earlier this week when the announcement was made, FXCM Inc (NYSE:FXCM) shares are in for a lot of volatility and speculation until the company clarifies the situation. Which announcement? And what situation? First, the stats on FXCM shares the past three trading days: Mon Dec 14 - Closing price $8.08, up 52%…
Read moreSinar Mas Group's Danny Oei joins the Saxo Board. Sinar Mas acquired a 9.9% stake in Saxo Bank last summer.
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