Mainstream and industry press have written widely on the gradual withdrawal of banks - the traditional primary liquidity providers - from the spot FX markets over the past few years. The typical narrative is that reduced appetite for risk, controls on capital at banks, as well as juniorization of dealer staff have all contributed to…
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MetaQuotes just announced that has launched another tool, which can be used to extend website functionality. In addition to the web platform, the Forex trading platform developer offers a free Economic Calendar that can be added to any website. The web platform allows traders to perform technical analysis and trading operations on different markets, including…
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Horizon Software announced today that Ben Wood has joined as new senior sales manager, responsible for business development across the US and EMEA. Horizon is a provider of electronic trading solutions and algorithmic technology to the world’s exchanges, banks, brokers and fund managers. Wood is a chartered accountant with over 20 years’ experience of delivering…
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UK regulator the Financial Conduct Authority (FCA) has dropped another bombshell. After shocking the Forex and CFD brokerage sectors in December with surprise proposals to rein in leverage and bonus payments to retail clients, the FCA today announced that it will be delaying the finalization of its proposals now that pan-European regulator ESMA announced that…
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Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has released its 2016 full year results, indicating that the company is indeed well along in its restructuring and turnaround, but still has a long way to go. On the top line, LCG was able to generate healthy revenue growth following its rebranding…
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Payments technology provider SafeCharge (LON:SCH) just announced that Tsach Einav has been appointed as Group Chief Financial Officer effective from 1 September 2017, replacing Tim Mickley, and Board member effective immediately. Einav, aged 43, joined SafeCharge in 2006 as Chief Financial Officer and has played a key role in SafeCharge's corporate development as well as…
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London based NEX Group PLC (LON:NXG), formerly ICAP plc, has announced that participants in its NEX Optimisation unit, which helps clients reduce complexity and optimise resources across the transaction lifecycle, have eliminated over $1 quadrillion ($1,000 trillion) in OTC derivative notional principal using its triReduce compression service, since first introduced in 2003. triReduce is a…
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High-volume futures broker Advantage Futures announced today the appointment of financial exchange industry veteran Carlos Rodriguez as Chief Financial Officer. Mr. Rodriguez brings over two decades of industry experience to Advantage. Mr. Rodriguez will oversee all accounting and treasury functions at the firm, reporting directly to CEO Joe Guinan. Prior to Advantage, Mr. Rodriguez worked for…
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Copenhagen based multi asset broker Saxo Bank has announced that it has decided to end operations through its Turkish subsidiary, Saxo Capital Markets Menkul Değerler A/Ş, to reduce complexity in the organization and bolster relationships with strong partners in Turkey. The company's office in Istanbul will be shut down. Saxo Bank had opened its Istanbul…
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Retail forex broker FXCM Group, LLC announced that has launched FXCM Market Data Signals, a trading support tool offering traders powerful insights to help them find potential trading opportunities using FXCM’s proprietary Speculative Sentiment Index (SSI) along with the Grid Sight Index (GSI). FXCM Market Data Signals enable clients to stay up to speed on…
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