April 04, 2016 BY Maria Nikolova

CME Group sees FX volumes fall 4.4% MoM in March 2016

International derivatives marketplace CME Group Inc (NASDAQ:CME) has just published its volumes metrics for March and the first quarter of 2016, with Forex metrics failing to impress. CME Group reported FX average daily volume (ADV) of 912,000 contracts in March 2016, a result which is down 4.4% from the levels seen in February 2016. The…

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April 04, 2016 BY Maria Nikolova

Spain's CNMV warns against BelforFX

Spain's securities commission CNMV today updated its list of public warnings, adding Forex firm BelforFX. BelforFX claims it has several addresses: in Bulgaria, in the Seychelles and in Anguilla. The company is operating via www.belforfx.com, with the Spanish regulator mentioning one more website in the warning – www.isocialfx.com. The latter belongs to a social trading…

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April 04, 2016 BY Maria Nikolova

Paul Houston to lead CME Group's FX business

International derivatives marketplace CME Group Inc (NASDAQ:CME) has just announced the appointment of Paul Houston as Executive Director, Global Head of FX. Mr Houston, who joins CME Group from Deutsche Bank in London, will be reporting to Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group. In his new role, Mr Houston will…

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April 04, 2016 BY Maria Nikolova

Saxo Payments Survey: Only 38% of payments-related business think they get competitive FX rates

Saxo Payments, a subsidiary that Saxo Bank established in 2013, today made available a white paper, entitled “Cross Border B2B Payments – Today’s landscape; Tomorrow’s opportunity”. The document states that 63% of payments-related businesses are dissatisfied with the speed of cross border payments, and only 38% believe they get a competitive FX rate. The paper is…

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April 04, 2016 BY Maria Nikolova

Liquidators of defunct FX broker LQD Markets NZ recover only $3,500

There is no happy piece of news for ex-clients of New Zealand Forex broker LQD Markets Limited, which was placed into liquidation shortly after Liquid Markets UK halted its operations following the steep Swiss franc spike on January 15, 2015. The joint liquidators of the New Zealand broker have just published their six-month report – for…

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April 04, 2016 BY Maria Nikolova

FXTF to add 10 currency pairs to MT4 offering

Japanese Forex broker FX Trade Financial Co., Ltd. (FXTF) is about to beef up its menu of trading instruments on the MetaTrader 4 (MT4) platform. Effective June 1, 2016, the company will be adding 10 currency pairs to the lineup, including: USD/TRY, TRY/JPY, NZD/CHF, NZD/CAD, AUD/CAD, EUR/NZD, GBP/CAD, GBP/CHF, GBP/NZD, CAD/CHF. The additions will take…

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April 02, 2016 BY Maria Nikolova

CBOE Holdings posts 7% MoM decline in ADV in March 2016

CBOE Holdings, Inc (NASDAQ:CBOE), the holding company for Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), CBOE Futures Exchange (CFE), and other subsidiaries, has published its operating metrics for March 2016. The data fits with the broader picture painted by the bulk of the industry thus far, with trading volumes down from February 2016…

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