FX to be a topic at the 2nd annual summit hosted by Reuters in May Thomson Reuters announced the 2nd Australian Regulatory Summit will be hosted in Sydney on May 13, 2014, with support from the Australia Securities and Investments Commission (ASIC), Australian Prudential Regulation Authority (APRA), The Office of The Privacy Commissioner, Hong Kong…
Read moreThe Australian Senate is doing an inquiry into the performance of the Australian Securities and Investments Commission (ASIC) ASIC has been busy lately proving their worthiness as competent financial regulators. The watchdog is currently in the midst of a Senate inquiry into its activities and overall performance. A detailed statement from ASIC covers six issues,…
Read moreNew Zealand regulator launching active investigation into the currency trading market We learned on Monday that New Zealand's Commerce Commission is investigating the foreign exchange market, amid a global inquiry into alleged manipulation of currency rates. This comes on the back of an announcement by The Australian Securities and Investment Commission, when they joined the…
Read moreAfter 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…
Read moreAustralian financial markets regulator responds to application filed to terminate AFS license after concerns had been raised over license obligations The Australian Securities and Investments Commission (ASIC) has today announced that it has terminated the Australian Financial Services license of AIE Fiduciary Services, a company which provided financial product advice relating to securities, derivatives and…
Read moreGrowth of around 40% driven by a four-fold increase in Binary Options trading. Australian forex and binary options broker Enfinium -- which includes the Vantage FX label -- has announced that June trading volumes hit the $16 billion level in June, up 35% from May. Subsidiary Vantage FX saw volumes rise 41% in June, over…
Read moreNot quite Japan, but retail trading is rapidly becoming an important part of the global forex market. An interesting article in The Australian Financial Review highlights the growing importance of retail forex trading in Australia, Japan and elsewhere around the globe. The conclusions of the article should not be surprising to our readers -- our Retail…
Read moreAustralia's leading Forex broker is main beneficiary of stricter Forex regulations down under. LeapRate Exclusive... LeapRate has learned that AxiTrader, Australia's largest retail forex broker and a member of LeapRate's Approved List of regulated global brokers, saw its June forex trading volumes rise 26% over May to come in at $70 billion. AxiTrader's best-ever month…
Read moreAustralia's ASIC requiring more capital, but only for market makers. Australia's financial regulator ASIC has put into effect (as of January 31, 2013) its new minimum capital requirements for retail brokers, including FX firms. Minimum capital is now AUD$ 500,000 (about USD$ 515,000), up ten-fold from just AUD$ 50,000, which was the lowest minimum capital…
Read moreLeading Australian Forex firm AxiTrader crosses $50B-per-month threshold.
Read more