The central bank suspended an official - concerns about FX fixing manipulation were first raised in 2005 Reuters is reporting that the latest suspension related to the foreign exchange fixing manipulation is not coming from the usual big forex dealing banking desk, but from the Bank of England. According to recent reports some staff members…
Read moreCFTC set to hold roundtable including discussion panels on three commonly-requested topics surrounding the Dodd-Frank Act following requests for clarification by commercial end users 2013 was most certainly a year of regulatory wranglings, especially among the two North American authorities responsible for overseeing the electronic trading activity which takes place under its jurisdiction. In the…
Read moreIntercontinentalExchange Group (ICE) has today announced its trading volumes for February 2014, with a significant downturn present when compared with the previous year Average daily volumes (ADV) for all global derivatives traded at ICE during February stood at 10.7 million contracts, representing a decrease of 9% comparative to the trading activity completed during February 2013.…
Read moreThe upcoming New Zealand registered brokerage maintains its solid drive Volume numbers at New Zealand registered and CySEC regulated upcoming brokerage have dipped slightly lower in February by 7% to $140.8 million. When compared to recently reporting companies, this seems to be a rather negligible drop, especially when put in context to the month of…
Read moreFXCM bought 50% of institutional FX market maker Lucid in 2012 for $176 million, paid mainly in FXCM stock. LeapRate Exclusive.... LeapRate has learned, via a series of filings made with the U.S. Securities and Exchange Commission (SEC), that Lucid Markets principal Matthew Wilhelm has sold about $8.6 million worth of FXCM shares during the…
Read moreBritain's financial markets regulatory authority set to introduce a dedicated service for overseeing payment systems by April 2015 The Financial Conduct Authority (FCA), Britain's official regulatory authority charged with the oversight of business ethics and consumer protection within the financial services industry has today announced that it intends to create an entirely new regulatory body…
Read moreJanuary's trend reversal was a one off event – growth continues to be stifled at the UK brokerage As we are getting the latest report from UK brokerage ICAP (LON:IAP) on volumes traded over its EBS platform the numbers are anything but disappointing. A total of $83.5 billion have shaken hands over the company’s electronic dealing…
Read moreSignals provided by sentiment analysis are becoming more mainstream for both equity and forex traders The use of sentiment analysis indicators has been an ongoing trend within institutional trading circles for many years. It was all the way back before the tick of the millennium, when it all started with now renowned and successful hedge…
Read moreLalit Nathwani joins institutional liquidity management systems and multi-asset dealing platform provider smartTrade Technology following eight year tenure at Informatica Institutional cross-asset liquidity management software company smartTrade Technologies has today announced the appointment of Lalit Nathwani, who will assume the position of Business Development Director. Mr. Nathwani joins smartTrade Technologies with substantial experience gained via a…
Read moreFX software providers are getting third party audits to ensure quality standards FX transaction processing software provider TwoFour Systems, LLC has announced the conclusion of its successful certification under 2013 SSAE16 SOC1 Type 2 standard for their ASP (Application Service Provider) software services. The company is specializing in delivering forex and cash management solutions to its growing…
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