Leading UK foreign exchange and international payments provider RationalFX has announced the appointment of Chris Humphrey as the company’s Chief Executive Officer. RationalFX co-founder Paresh Davdra is stepping down from the role to focus on his role as CEO of RationalFX’s sister-brand Xendpay. Chris Humphrey has been COO of RationalFX since 2015, and is an…
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Retail Forex broker Alpari has reported that FX trading volumes in its system hit $121.6 billion in October 2017, its best monthly result of the year and 6% above September's $114 billion. Alpari stated that the mid-Autumn month saw trading increases in all the major currency pairs. The biggest increase in turnover came from the…
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Spain's financial regulator National Securities Market Commission (CNMV) has issued a warning regarding two .cat websites, forex.cat and forextrading.cat. We would note that forextrading.cat leads to the Spanish language website of offshore FX broker LiteForex, based in the Marshall Islands, liteforex.es. Interestingly, the .cat Internet domain is one of the issues of dispute between the Spanish…
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Electronic trading firm NEX Group PLC (LON: NXG) has reported its results for the first half of Fiscal 2018 (for the six month period to September 30, 2017, fiscal year-end is March 31, 2018), indicating healthy continued Revenue growth in some of the company's key units, including its Forex ECN unit, EBS. However profits were down,…
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This will very clearly go down as one of the most momentous weeks of the year for Forex Industry News, not all of it for good reasons. Why didn't shares of Global Brokerage Inc (NASDAQ:GLBR) trade down after the company announced a Chapter 11 bankruptcy filing? And, what does FXCM management have to say about…
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Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, issued today a response to reports that Poland's Financial Supervision Authority (Komisja Nadzoru Finansowego, or KNF) was going to initiate proceedings against the company for perpetrating Forex Fraud. As we reported earlier…
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Qualcomm Incorporated (NASDAQ: QCOM) today announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NASDAQ: NXPI). The tender offer is being made pursuant to the Purchase Agreement,…
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Hong Kong based Retail FX broker KVB Kunlun Financial Group Ltd (HKG:8077) has announced the resignation of an executive director, and a change in its Compliance Officer and authorised representative. Reference is made to an announcement KVB Kunlun dated 18 August 2017 in relation to the resignation of Mr. Ng Chee Hung Frederick as the executive…
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JPMorgan Chase & Co. (NYSE: JPM) has announced that on December 18, 2017 (the “Liquidation Date”), the Delaware trusts that issued the below seven series of trust preferred securities (the “Trust Preferred Securities”) will be liquidated, the Trust Preferred Securities and the trust common securities (the “Trust Common Securities”) issued by those trusts will be…
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CySEC regulated retail forex and CFDs broker JFD Brokers has announced the launch of a new trading product, offering clients the opportunity to trade physical shares from its platform MT5+. JFD stated that with this launch, adding to its FX and CFD products, the company will become a true multi-asset broker, remaining one step ahead…
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