It used to be that a risk-off trading environment meant a rush to buy US Dollars as the 'safe haven' currency. Not so much any more. For the first time since early November, the Euro is worth more than USD $1.10, as a very jittery market continues to dump commodities (in particular oil) and equities, and…
Read moreOne of the first casualties from the January 15 Swiss Franc spike was Boston Prime, the FX prime brokerage arm of Forex IT and technology company Boston Technologies. Boston Prime was declared bankrupt on January 27, unable to collect on money it was owed while itself owing traders and brokerages who were on the right…
Read moreTrading educator Lex van Dam is making further inroads into the retail forex market. Van Dam's latest client is UK-FCA and South Africa-FSB regulated retail forex broker One Financial Markets. We had reported back in September that van Dam was developing a comprehensive set of apps for the Tradable platform. Other than running his eponymous Lex van…
Read moreThe following guest post is courtesy of Shobin Mathew Simon, Institutional Sales Associate at Advanced Markets. [divide] The ability to trade using leverage is one of the key advantages associated with “retail” forex trading. This unique factor tends to attract more investors to forex, rather than to equities or other financial instruments, as there is the perceived opportunity…
Read moreOne of the factors which brought down longtime Canadian Prime Minister Stephen Harper in Canada's October national election was the weak Canadian Dollar. After surpassing the USD as recently as early 2013, the Loonie had gone on a prolonged nosedive ever since, and was worth less than 80 cents US once Canadians went to the…
Read moreThe European Securities and Markets Authority (ESMA) has published an opinion agreeing with Greek regulator HCMC that a short selling ban on shares in five Greek banks should be extended. The original ban, which covered shares in Alpha Bank A.E., Attica Bank S.A., National Bank of Greece S.A., Eurobank Ergasias S.A., and Piraeus Bank S.A., expired…
Read moreThe Forex broker / asset manager also changed some of the economics behind its performance fees, minimum investment required raised.
Read moreThe CFTC found that Ovsepyan and his companies made false statements to the CFTC, committed foreign currency solicitation fraud, and failed to register with the CFTC.
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LeapRate Exclusive... Continuing our exclusive coverage of the changes afoot at FCA-regulated Forex, CFD and Spreadbetting broker ETX Capital, LeapRate has learned that in just the last few minutes the company has gone live with its new website www.etxcapital.co.uk in its home UK market. We expect the company to make a formal press release on…
Read moreThe holy grail of many startup companies, tech and otherwise, is the IPO. An IPO, or initial public offering of company stock, has numerous advantages for startups and is done for a variety of reasons including: formally establishing a public valuation for a company, gives early stage shareholders and employees the chance to cash in…
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