The Securities and Exchange Commission (SEC) announced that David W. Grim, Director of the Division of Investment Management, will leave the agency next month after more than 20 years of public service. Mr. Grim, who joined the Division directly from law school and rose to become its leader, has left a legacy of regulatory policy…
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After a worrisome first quarter in which Revenues plummeted to their lowest level since early 2013, global FX brokerage house Gain Capital Holdings Inc (NYSE:GCAP) has reported a much better set of results for Q2-2017. Overall, Revenues at GAIN Capital increased by 65% over Q1 to $98.1 million, much more in line with what the company…
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London-based FX blockchain startup Colbalt announced that has closed an invesment from Henry Ritchotte, the former Deutsche Bank COO who will also become a member of Cobalt’s strategic advisory board. Citigroup Inc (NYSE:C) has also invested in Colbalt at the end of last year. Henry Ritchotte spent over two decades at Deutsche Bank where he was a…
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Trading platform Tradeweb announced that will expand its European operations in Amsterdam to ensure it can service European Union clients after Britain leaves the bloc, Reuters reported earlier today. At this moment the company has a European operation only in London, which will remain after Brexit even as the Amsterdam office becomes the electronic trading…
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NEX Group plc (LON: NXG), formerly known as ICAP plc has published their average daily volume data for July 2017. The volume figures cover electronically traded products - spot foreign exchange, US Treasury products, European and US repo products. NEX Electronic Markets Volumes – July 2017 Average daily volume (in USD billions, single count) July YoY%…
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Forex trading platform developer MetaQuotes just announced that the new version of MetaTrader 5 for Android provides the possibility to easily create preliminary brokerage accounts. How does it work? When opening a new account: select "Open a real account" from the menu find your broker in the list of servers specify your personal details and…
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Monex Group, Inc. (TSE 8698, Oki Matsumoto, Representative Executive Officer and CEO) today reported the following monthly business metrics of its subsidiaries in July 2017. Global DARTs (DARTs stand for Daily Average Revenue Trades meaning the number of trades and transactions per day which generate revenue) were down 3% from the previous month to 263,329.…
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Global forex broker Admiral Markets is announcing the addition of a new instrument, the Polish Index Futures CFD – WIG20 (WSE:WIG20)– effective from now onwards. This new CFD is based on the capitalization-weighted market index of the 20 largest companies traded on the Warsaw Stock Exchange. As with trading on any index with Admiral Markets,…
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ADS Securities London Limited, the FCA regulated arm of Abu Dhabi based global international financial services firm ADS Securities LLC, has released its 2016 financial results indicating that the company continued to grow in its first full year of operation after opening a London office in early 2015. ADS London reported Revenues of £5.4 million in 2016,…
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Continuing a fairly flat month for volumes we have been seeing from leading retail and institutional eFX industry trading venues, CySEC and FCA regulated broker Exness has reported that forex volumes in its system came in at $248.4 billion in July, slightly below $252.0 billion last month. Each of May, June and July volumes, right around the $250…
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