HKSFC licensed corporations are now authorized to solicit and accept orders and funds directly from U.S. customers for trading on any exchange subject to the HKSFC’s oversight without having to register with the CFTC as futures commission merchants (FCMs)
Read MoreBusiness News Review: Alibaba founder $25 billion richer
Whilst Alibaba’s founder Jack Ma accrued a further $25.1 billion in personal wealth this year, US President Obama looks to increase the minimum wage, with employees better off but companies squeezed. As 2015 approaches, which British shares are likely to be a good investment?
Read MoreHow are Forex brokers EBS and Gain Capital trading on ruble?
With the ruble drama gathering steam in December and particularly this week, we have seen ruble dealers slash their leverage…
Read MoreFXCM Global Head of Dealing Eduard Yusupov sells $1.5 million in FXCM shares
FXCM founding partner and executive of 15 years Eduard Yusupov’s liquidation of $1.5 million in FXCM corporate stock leaves him with a further $80 million in shares which he retains
Read MoreCFTC implements further trade execution requirements whilst ESMA still grapples with initial stages
A year subsequent to setting in place the trade execution requirements for OTC derivatives trading within the institutional sector in the United States, the CFTC has now completed its ruling with regard to SEF usage for credit default and interest rate swaps whilst ESMA lags almost two years behind
Read MoreNew York State to Bitcoin developers: “Go for it!”
New York State’s Superintendent of Financial Services Benjamin Lawsky has publicly stated that Bitcoin technology developers are free to conduct their business without a license, whereas banks and dealers will require regulation. With technological development at the heart of Bitcoin’s future, New York’s acceptance as a mainstream activity could lead to rapid growth and investment
Read MoreInteractive Brokers plan to launch Traders’ Marketplace for all FX participants
Appstores and marketplaces have become de rigeur in today’s retail FX industry. Interactive Brokers goes one further and challenges competition with all-encompassing service
Read MoreKCG’s market making revenues continue to rise in July whilst FX shows slight downturn
In an opposite dynamic to June’s figures, FX has performed slightly less well than other asset classes in July, as KCG continues to hold its own during this time of industry-wide low volumes.
Read MoreBreaking News: ICE acquires IP rights to electronic trading strategies
North American exchange and electronic trading executing venue IntercontinentalExchange has purchased a series of trading strategies in order that third parties do not use them against its customers.
Read MoreUS is still a land of opportunity! Interactive Brokers revenues continue to rise
July volumes at Interactive Brokers rose by 7% compared with the previous month, building on successful few months as detailed in Q2 earnings which run counter to general industry direction.
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