October 06, 2014 BY Mike Fox

MFSA WARNING: FOREX MMCIS Group

The Malta Financial Services Authority (MFSA) the single regulator for financial services activities in Malta, regulating and supervising credit and financial institutions, investment, trust and insurance business today issued a warning against an unregulated FX broker entity having an internet presence at https://forex-mmcis.com. The MFSA wishes to alert the public, in Malta and abroad, that…

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October 06, 2014 BY Mike Fox

BGC Partners announces the appointment of trading technology vet Eric Hirschhorn to the role of CIO

BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets, today announced the appointment of Eric T. Hirschhorn to the role of Chief Information Officer (“CIO”), reporting to Shaun D. Lynn, President of BGC, effective immediately. Mr. Hirschhorn comes to BGC from Bank of America Merrill Lynch, where he has held various key positions leading global teams across…

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October 06, 2014 BY Mike Fox

Swissquote Daily Technical Report: EUR/USD - Challenging the 1.2500 threshold

In Swissquote’s Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and AUD/USD. To view and download the entire report, click here (PDF). EUR/USD: Challenging the 1.2500 threshold • EUR/USD continues to move lower, confirming persistent selling pressures.…

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October 06, 2014 BY Mike Fox

Tel Aviv bourse to expand derivatives trading in January

Reuters is reporting that The Tel Aviv Stock Exchange (TASE) will launch trading of options and futures on the Tel Aviv 100 benchmark index in January, the bourse said on Sunday, as it seeks to attract new investors and boost liquidity. There is limited scope for derivatives trading in Israel, but a senior executive at…

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October 03, 2014 BY Mike Fox

ICE total FX volumes double from the previous month to 50K

Intercontinental Exchange, Inc. (NYSE: ICE), the leading global network of exchanges and clearing houses, today reported exchange traded volumes. Total FX volumes doubled from the previous month to 50K contracts up 100% from August's 25K. For September and the third quarter of 2014, futures and options average daily volume (ADV) decreased 6% and 13%, respectively,…

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October 03, 2014 BY Mike Fox

GMO's FX Neo volumes up 79% MoM to ¥90T in September - gets FCA regulation

GMO Click Securities, Inc. provider of online securities broking services announced Japanese volumes today with results booming for the month. In September, volumes for spot platform FX Neo were up 79% MoM to ¥90T from August's ¥50.27T, and up 43.3% YoY from September 2013's ¥62.82T. On exchange FX margin contracts for Click365 came in for…

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