August 01, 2016 BY Valentina Kirilova

MetaQuotes and oneZero deliver Interactive Brokers Gateway to MT5

MetaQuotes Software and oneZero Financial Systems have announced a new connectivity gateway for integration with Interactive Brokers Group, Inc., available through the oneZero Hub product. The gateway provides the possibility to trade stocks, futures and other exchange traded instruments on the largest global exchanges, including the New York Stock Exchange (NYSE), London Stock Exchange (LSE),…

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August 01, 2016 BY Valentina Kirilova

Dominic Stevens is ASX’s new CEO

The Australian Securities Exchange Ltd, (ASX) has announced that the ASX Board has appointed Mr Dominic Stevens as its Managing Director and CEO. He takes up his new role today. Since the resignation of former CEO Mr Elmer Funke Kupper, this appointment has been following a comprehensive selection process undertaken by the ASX Board with…

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August 01, 2016 BY Valentina Kirilova

Nicole Shumpert joins EBS BrokerTec to lead the expansion of BrokerTec Direct

EBS BrokerTec, ICAP Plc’s (LON: IAP)’s electronic fixed income and foreign exchange (FX) business, has announced that it has hired senior fixed income professional, Nicole Shumpert from Tradeweb, to bolster its BrokerTec Direct team. BrokerTec Direct is a new service which provides relationship-based, disclosed liquidity to the fixed income market. The service leverages the EBS Direct…

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August 01, 2016 BY Valentina Kirilova

SGX spot iron ore up 10.2% MoM in July 2016

Singapore Exchange (SGX) iron ore derivative volumes totaled 118.8 mil mt in July, while open interest averaged 186.7 mil mt during the month. The suite of ferrous products has provided market participants with a wide range of trading strategies and risk management solutions. 62% Fe spot iron ore averaged $56.61 per tonne in July, up…

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August 01, 2016 BY Valentina Kirilova

Monex Group's Japan, US and China revenues are down in 1Q FY2017

In response to decreased trading volume in the US market, online trading services provider Monex Group, Inc. (TYO:8698) has reduced 40 headcounts in April 2016 and more than 60 headcounts on July 27, 2016. The company has also launched the TradeStation trading platform in Japan in March 2016. First-ever functions in Japan have been well received…

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August 01, 2016 BY Valentina Kirilova

OSC approves no-contest agreement with Scotia Capital Inc., Scotia Securities Inc. and HollisWealth Advisory Services Inc.

The Ontario Securities Commission (OSC) has approved a no-contest settlement agreement with Scotia Capital Inc., Scotia Securities Inc. and HollisWealth Advisory Services Inc. (the Scotia Dealers) in relation to a matter that the Scotia Dealers discovered and self-reported to the OSC and that resulted in certain clients paying excess fees. This settlement follows allegations by OSC…

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August 01, 2016 BY Valentina Kirilova

FCA warns on Costello & Rubin LLP

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against Costello & Rubin LLP firm, operating from website www.candr-lawyers.com. The firm has been providing financial services or products in the UK without FCA’s authorisation. FCA has warned that…

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August 01, 2016 BY Valentina Kirilova

ASIC appoints new Chairman of the Markets Disciplinary Panel

ASIC has announced the appointment of Mr Simon Gray as the new Chairman of the Markets Disciplinary Panel, to serve a two-year term from August 1, 2016. The Markets Disciplinary Panel (MDP) is an independent peer-review forum for disciplinary action against market participants and market operators for alleged breaches of the ASIC market integrity rules. Mr…

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August 01, 2016 BY Valentina Kirilova

TFX Forex volumes drop once again in July 2016

The Tokyo Financial Exchange (TFX) has published its operating metrics for July 2016 and the Forex volumes keep dropping despite last month’s rise. The trading volume of 3-month Euroyen futures was 167,816, which means -19% MoM or 52.5% YoY change. Its average daily volume for July 2016 was 8,391. The total trading volume of Exchange FX…

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July 29, 2016 BY Valentina Kirilova

Alpari RU to change margin requirements for several account types

Russian retail Forex broker Alpari (RU) has informed that the maximum leverage for pro.ecn.mt4 and pamm.pro.ecn.mt4 accounts will be set to 1:500 and the margin requirements for pamm.standard.mt4 and pamm.ecn.mt4 accounts will change from August 1, 2016. Traders can learn how the calculation of floating leverage takes place on the Alpari website.

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