FX Options and derivatives trader Robin Clark was shot in the leg on his way to the office in January this year. Police have now arrested 51 year old Lee Victory in connection with the incident One and a half months have passed since Robin Clark, a professional trader at London's RP Martin, majoring on…
Read moreUS retail FX stalwart FXCM declared record performance for 2013. Can this be sustained in 2014? Despite a stellar performance during the last year, FXCM yesterday reported a month-on-month decline in trading volumes as detailed by LeapRate, with the company's trading volumes having begun to wane as the second month of 2014 drew to a…
Read moreOriginal bill to be brought to the Duma spring session, special Forex license to be required. It has been nine months since the first reading of Russia's proposed new Forex law in the Duma, back in June 2013, but it does now seem as if the process is picking up steam. According to Russian self-regulatory…
Read moreAfter last week's bankruptcy, Bitcoin prices have bounced back by 20%, traders keep pouring in. It is hard to keep a good cryptocurrency down.... Despite the problems which led to last week's Mt Gox bankruptcy, and with it the disappearance of about 5% of all outstanding Bitcoins, traders and investors have voted with their feet…
Read moreThe US regulatory authorities' complex rulings with relation to the structure by which clearing of swaps can be carried out between counterparties continue to evolve. Following last year's implementation of full reporting requirements by CCPs, the CFTC has provided time-limited no-action relief from trade execution requirements to certain Affiliated Counterparties until December 2014. The Commodity…
Read moreEuropean and North American regulatory authorities continue their investigations into possible manipulation of FX market parameters by banks, with France's largest bank, BNP Paribas having today suspended its Head of FX Trading Last year was a year of mixed virtues. Within the FX industry, great progress was made in terms of corporate performance when compared…
Read moreKayhan Mirza joins Goldman Sachs as Head of Foreign Exchange Trading following fourteen years at J.P. Morgan Chase International financial giant Goldman Sachs has today announced the appointment of Kayhan Mirza to the position of Global Head of Foreign Exchange. Mr. Mirza joins Goldman Sachs in this senior executive capacity following a fourteen year tenure…
Read moreFull press release for FXCM's Q4 and full year 2013 results follows. Details and analysis to follow... The complete FXCM Q4 press release can be seen here. FXCM Inc. Announces Fourth Quarter 2013 and Full Year 2013 Results Record 2013 Revenues and EBITDA Releases February 2014 Monthly Operating Metrics Full-Year 2013 Highlights:• Full year U.S.…
Read moreWill head all content creation at the leading Forex industry information site Leading Forex industry information website LeapRate is pleased to announce the appointment of Andrew Saks-McLeod as its Managing Editor. In his new position, Mr. Saks-McLeod will be responsible for all content creation at LeapRate, including its leading Forex Industry News blog and its…
Read moreAs the world of HFT and algorithmic trading continues to up its game, Mercury Minerva's release of Gunslinger-HFT 2.0 Achieves 750ns Event-Detection-to-Trade Latency using Solarflare AOE with Altera Stratix FPGA As regulatory authorities in many jurisdictions which are home to major FX market participants continue to bear down on high frequency trading (HFT) and automated trading…
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