Interview with UK broker XTB’s new retail Forex head; MetaQuotes opens Tokyo office; FXCM in trouble in France? – Forex Weekly Look Back


A look back at some of the most intriguing and popular Forex industry news stories from the week prior at LeapRate. To make sure that you receive timely access to all LeapRate news throughout the week, sign up to our Forex Industry Newsletter Email…

Be sure to check out last week’s featured stories as well as a complete run down of the week below:

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Forex Industry Rundown for the Week of October 19th, 2015

Features
Why is hosting such an important part of the FX Brokerage business?

A content focused marketing strategy for brokers
New XTB retail chief Joshua Raymond – LeapRate Exclusive Interview
Why do Wall Street Traders keep making millions: Wharton Prof investigates

Broker Updates
Turkish broker Ak Investment launches MetaTrader 4 platform
INVAST Australia shakes up Forex offering, focuses on high-net-worth traders
Invast Japan adds automated hedge fund strategies to Mirror Trader
ADS Securities, Duemme SGR team up to launch Duemme GCC Markets fund
Investment Trends report – IG and CMC Markets dominate Australian CFD market
TechFinancials forms Hong Kong binary options JV
English International footballer Ryan Bertrand partners to form new UK Forex brokerage Silicon Markets
New Zealand forex broker GDMFX adds Fortex MT4 Web Trader
Japanese broker FXTF to cut leverage for corporate accounts
Interactive Brokers’ TWS platform improves work with orders
Dukascopy plans launch of Daily News Portal
UK introducing broker Core Spreads adds MT4
US Forex brokers face tighter cybersecurity requirements
FXCM welcomes news traders, scalpers and auto traders with new Index CFD market making technology
Service Provider/Vendor News
FXStreet makes Forecast Poll and Trading Positions available as widgets to third parties
Gold-i, itexsys enhance partnership
FX Blue goes for precision, adds new chart for analysing trading results
MultiCharts platform no longer available to MB Trading clients after Tradeking deal
MT4 Build 900 adds class templates in MQL4, optimizes memory use
MetaQuotes builds Asia Pacific presence, opens new office in Tokyo
Azul Systems releases new version of Zing, offers optimizations for Apache Cassandra
TRADOLOGIC reports its 5Ticks now among top 3 most popular traded binary options
OptionsCity presents new set of solutions for global exchanges
Tradimo offers third-party educators to publish content on its website
Fixnetix launches low latency trading FPGA hardware iX-eCute ZL
CQG’s enterprise API division announces exclusive partnership with MarketDelta’s trading and order management app
Acuity Trading – Barcelona U research on predictive ability of sentiment data
Velocimetrics, Solarflare partner to offer real-time management, analysis of trading activities

Institutional Offerings/Services
CME Group, China Construction Bank seal Memorandum of Understanding
Nodal Clear starts clearing Nodal Exchange contracts
Citadel Securities joins LCH.Clearnet’s SwapClear as first non-bank member
CBOE launches new cash-settled options on Russell 1000 indexes
SGX registers steep growth in USD/CNH futures trading one year after launch
INTL FCStone obtains Capital Markets Services License in Singapore
HKEx proposes to build “London-Hong Kong Connect”
IBA approves China Construction Bank as Direct Participant to the Gold Auction
STOXX launches new indexes to capture voliility of VSTOXX indices

Financials
First Derivatives says FY results to meet market expectations
Morgan Stanley weakness in FX trading leads to poor Q3 results
Interactive Brokers reports $359 million in Q3 revenue, a rise YoY while off 7% MoM
Fidessa hints at further special dividend, as cash generation stays strong
Admiral Markets UK boosts capital by repaying £120,000 loan to parent company
Tradition reports Q3 2015 revenues of CHF 197.2M ($203M), up 0.7% YoY
GMO Click recommends dividend of ¥5.60 per share for Q2 FY 2016

Macroeconomic/Banking
Poland looking at plan to mitigate Swiss Franc mortgage losses
Forex error leads to Deutsche Bank sending $6bn to hedge fund client
BNP Paribas to pay $140,000 CFTC fine for improper investment of segregated client funds
NAB becomes first major bank to commit to the ASX mFund service

Volumes
No volume reports last week.

Warnings/Fines/Fraud Watch
Italy’s Consob warns against several FX, binary options brokers
CFTC charges Chicago trader with spoofing and employment of a manipulative device while trading E-Mini S&P 500 and other futures
Hong Kong’s SFC warns against unauthorized Forex broker CMIS Trader
Judge orders $31 million in restitution and penalties against Cincinnati man for trading fraud and ponzi scheme
CFTC charges Colorado man doing business as Emini Trading School with fraud involving a futures trading system and advisory service
Citi warns of clone in Hong Kong
UK’s FCA warns against unauthorized Forex broker Sunbird FX
Japan’s FSA issues warning against Cypriot broker X Global Markets
Belize’s IFSC warns against unauthorized FX broker Maxim Trader
Australia regulator ASIC warns against cold calling impersonators of… ASIC

Legal
L’Agefi: FXCM risks large penalty for not checking partner companies
SCA presents new requirements for internal audit reports at securities brokerages
South Africa finds problems in FX trading but not by major dealing banks
Australia introduces improved protections for client monies held at brokers
CySEC reinstates authorization of investment firm 1 TCR Corp
CySEC says investor damage claims should be filed with Financial Ombudsman
Barclays, RBS, HSBC agree to pay $924M for Forex manipulation in the US
High-frequency trading and dark liquidity not adversely affecting markets: ASIC

Executive Moves
Swedish financial regulator names Erik Thedéen new Director General
ITG Appoints Frank Troise as CEO and President
Arlan Suderman joins INTL FCStone as Chief Commodities Economist
LCH.Clearnet appoints NY Fed veteran Christine Cumming to BoD
Broadridge adds three senior execs to London sales and customer support teams

Bitcoin/Digital Currency News
BitPay grows LatAm business via partnership with Bitso
Bitcoin Group plans to extend IPO offer period
BitPay partners with Glidera to offer users of Copay in US to buy/sell Bitcoin
Bitcoin exchanges exempt from VAT: European Court of Justice ruling
Bitcoin companies, institutions unite in Blockchain Alliance
Top Bitcoin Myths – #2: Bitcoin does not solve any real world problems

Related News

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Interview with UK broker XTB's new retail Forex head; MetaQuotes opens Tokyo office; FXCM in trouble in France? – Forex Weekly Look Back

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