High-value M&A hopes of deliverable FX firms curtailed as OzForex cuts talks with HiFX LeapRate

March 31, 2014 BY Andrew Saks-McLeod

High-value M&A hopes of deliverable FX firms curtailed as OzForex cuts talks with HiFX

After a $439 million IPO last year, deliverable FX firm OzForex sought acquisition of British HiFX. Firm now states that this is very unlikely to proceed Deliverable FX had often been regarded as somewhat of a secondary business to that of the highly profitable electronic trading of foreign currencies via retail brokerages, until last year's…

March 19, 2014 BY Andrew Saks-McLeod

Foul Play Down Under? ASIC Joins The Party of FX Manipulation Probes

Australia's financial markets regulator joins the FX rate manipulation probe, in order to investigate if misconduct occurred within its jurisdiction The global probe into alleged manipulation of FX rates by financial institutions has spread even further afield, with the Australian Securities and Investments Commission (ASIC) having declared today that it is commencing a review to…

April 26, 2012 BY Gerald Segal

Australia FX report issued by Investment Trends

Research firm Investment Trends issued a detailed report on the Australian Forex and CFD market (see text of theire news release below). Among the key findings were that Australia is already a larger FX market, relative to the country's size, than most other countries, yet the prospects for growth are still high. The report also…

Tag: Australia Forex market