Category: News

Things must be going well at Currensee, which decided to release some operating numbers for the period since it launched about eight months ago. Some of the numbers include: $6 billion traded since launch (8 months), or about $750 million per month, although on a run-rate basis that number is probably closer to $1.5 billion…

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As reported over the weekend in Zero Hedge, Gain Capital sent a message to clients late last week that as of July 15 US clients can no longer trade over-the-counter precious metals, including Gold and Silver. All open positions for US clients need to be closed as of the July 15 date.A copy of the…

China’s State Administration of Foreign Exchange (or “SAFE”), which sets foreign currency regulations in China, announced yesterday a series of new rules to take effect August 1 which indicate further easing of general Forex controls in China.The new rules are aimed mainly at making it easier for Chinese companies to move money and invest overseas,…

The US Commodity Futures Trading Commission (CFTC) decided today, in a 5-0 commissioners’ vote, to propose delaying implementation of certain Dodd-Frank Act swap rules scheduled to take effect on July 16 to (at least) the end of the year. The delay will allow more time for the regulators to finalize certain rules which are still…

IG Group reported results this morning for Q4-2011 (the company has a May 31 fiscal year end), and of course for its full year ended May 31/2011. Saw 2% overall revenue growth in Q4, steady if unspectacular. Home base in the UK actually saw a small revenue decline in Q4, £44 million this year versus £45…