May 16, 2016 BY Mike Fox

CME delists 3 FX futures contracts showing no open interest

Earlier today we learned that Chicago Mercantile Exchange Inc. (CME) delisted three FX futures contracts: US Dollar/Chinese Renminbi (USD/RMB or CNY) Futures with US Dollar Banking, the E-Micro US Dollar/Canadian Dollar (USD/CAD) Futures, and the E-Micro US Dollar/Chinese Renminbi (USD/RMB or CNY) Futures with US Dollar Banking. The three contracts, which had no open interest,…

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May 16, 2016 BY Mike Fox

New Zealand Forex and derivatives brokerage house OMF appoints new CEO

Auckland and Wellington, New Zealand based OM Financial Limited (OMF) today announced the immediate appointment of Matt Blackwell to the role of Chief Executive Officer and Managing Director. OMF, regulated by the Financial Markets Authority is a NZ owned and operated, full service brokerage firm with a strong and established reputation in the financial markets.…

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May 16, 2016 BY Mike Fox

MFSA warns on Alphacmarkets false regulation claim

Just announced The Malta Financial Services Authority (MFSA) has become aware of the website (https://alphacmarkets.com) which is falsely stating that Alphacmarkets Europe is licensed by the MFSA. The website is a badly set up Forex brokerage website which looks sketchy from the first page load. This entity is also misleading the public by using the…

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May 15, 2016 BY Mike Fox

Will The Binary Options Rush End? Should We Stick To Forex Trading?

Binary Options seem to have taken the investment market by storm. More and more investors are now moving into binary options trading and taking advantage of a fixed high-yield return over traditional Forex profits. In Forex trading, profits are typically dependent on risk appetite and the ability of a trader to properly analyse trends as…

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May 13, 2016 BY Mike Fox

CEX.IO Bitcoin Exchange integrates with C.A.T. Bot for automated trading

UK and USA registered Bitcoin Exchange CEX.IO has announced today its been added to C.A.T., an automated trading interface using Bitcoin exchanges API. C.A.T. is the most popular and highly reputable trading bot on BitcoinTalk with numerous positive feedbacks from users. The first version of C.A.T. was introduced back in 2013 and has experienced over 50…

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May 12, 2016 BY Mike Fox

Allocated Bullion Exchange announces four new liquidity providers

Allocated Bullion Exchange (ABX) announced today the addition of four new liquidity providers to its membership base. Gold Stackers, Lucius Precious Metals, House of Commodities and Silver Bullion Pte Ltd (Singapore) have recently joined the ABX. Based in Australia, Hong Kong, Dubai and Singapore respectively, these four liquidity providers constitute an invaluable addition to the ABX,…

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May 12, 2016 BY Mike Fox

Tickmill posts audited financial results showing net profit for 2015

The company records $208bn trading volume in 2015 with results from Q1 2016 putting the business on track for over $330bn by the end of this year. Global ECN broker Tickmill authorized and regulated by the Financial Services Authority (FSA) of Seychelles, was pleased to announce this week a successful 2015 with an audited net…

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May 11, 2016 BY Mike Fox

Nordea Markets launching new Forex trading offering on e-Market Nexus

Nordea Markets part of Nordea Bank AB (STO:NDA-SEK), the biggest bank in the Nordic and Baltic Sea regions today announced a new Forex offering through its trading platform Markets Nexus. The bank stated the new FX offering was created in collaboration with customers and is specifically designed to support daily business and work flows. e-Markets Nexus now includes…

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May 11, 2016 BY Mike Fox

U.S. Forex brokers report 2nd lowest asset total; OANDA closes in on top spots

March data from just released CFTC reports filed May 2nd revealed that in total Forex brokers within the United States for March remained above the $500 million handle at $510,714,141 from the $518,945,514 reported in February, for a 1.6% dip. Though showing setback MoM, the lowest asset total on record occurred a few months ago when $499,339,084 was reported in January. (see graphs…

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May 11, 2016 BY Mike Fox

Bloomberg confirms its Forex benchmarks comply with IOSCO principles

Bloomberg announced today the successful completion of an independent assessment confirming the alignment of the BFIX family of benchmarks with the International Organization of Securities Commissions’  (IOSCO) principles for financial benchmarks. The assessment was conducted by Ernst & Young LLP (EY). The BFIX family of benchmarks covers spot, forward and non-deliverable forward rates for a…

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