CNBC, the business and financial news network, today unveiled plans for a Middle East Headquarters in the heart of Abu Dhabi, the Capital of the United Arab Emirates. The network will begin broadcasting from a new studio at Abu Dhabi Global Market (ADGM), the international financial centre of Abu Dhabi, in the first quarter of…
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R.J. O’Brien & Associates (RJO), the oldest independent futures brokerage and clearing firm in the United States, today announced that veteran institutional brokers Barry Marnane and Neil Tesi have joined its London-based affiliate, R.J. O’Brien Limited (RJO Limited). Operating as a team for 16 years, Marnane and Tesi specialize in global macro fixed income futures…
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Faster connectivity for financial organisations and enterprises Colt Technology Services today announced it has substantially reduced latency between Tokyo to London financial centres, to less than 159 milliseconds. This network optimisation is part of Colt’s ongoing investment programme in the Colt IQ Network, addressing specific requirements of financial firms and enterprises. The improved latency strongly…
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Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that 78.5% of the holders of its $172 million of outstanding Convertible Notes voted to approve the company's reorganization plan. The plan will see GLBR enter Chapter 11 bankruptcy reorganization, with the convertible notes "converted" to become non-convertible, their interest rate hiked from 2.25% to 7%,…
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FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has reported its operating metrics for the month of November 2017. Institutional FX volumes were up from $250.4 billion to $267.7 billion MoM. Forex.com retail FX trading volumes were up 8% in November to $207 billion. The complete GAIN Capital monthly report for the month of November…
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Forex trading platform developer MetaQuotes just announced that it has expanded the economic calendar geographically by adding the United Kingdom, Canada, Australia and Switzerland on top of the United States, Japan and the European Union. China, Sweden, New Zealand, Mexico and Singapore. When a country is added, all economic indices that have a significant impact…
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LeapRate Exclusive... LeapRate has learned that a new Asia-focused social trading and investing site called CopyCash (at copycash.io) has launched. The new Blockchain-based project is being backed by some names familiar to those in the Retail FX world, including Lior Nabat, founder and still CEO of Tradency which pioneered the mirror trading concept during the…
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Swiss Forex brokerage house Dukascopy Bank SA just announced that it has entered the new domain of core banking business – retail banking. The cornerstone of its new business model is a combination of online video identification and banking infrastructure built around a modern messenger and social network. Dukascopy has achieved the technological point, at…
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ANZ Bank New Zealand today announced that it has signed a statement of commitment to the FX Global Code of Conduct, set to come into effect in May 2018. The code is a single set of global principles which define good practice for the wholesale FX market. In signing the statement ANZ has reinforced its…
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FCA regulated CFD broker Plus500 Ltd (LON:PLUS) just announced that the Monetary Authority of Singapore has granted Plus500SG Pte. Ltd. a Capital Markets Services license for dealing in securities and leveraged foreign exchange trading. The grant of the Capital Markets Services license reflects the scalability of the Company both from a business and a regulatory…
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