Tag: trade forex in Switzerland

January 15, 2014 BY Gerald Segal

CEO of Swiss regulator FINMA, Patrick Raaflaub, to resign

Raaflaub oversaw the requirement of Swiss Forex brokers to receive a bank license, reshaping the industry. Switzerland's financial regulator FINMA has announced that its longtime CEO Patrick Raaflaub has resigned, and will be replaced on an interim basis by FINMA Deputy CEO Mark Branson. FINMA's Board of Directors has initiated a formal search for a new…

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December 10, 2013 BY Gerald Segal

Swissquote closes MIG Bank merger today

Most MIG Bank employees are relocating to Swisquote's Gland HQ, clients moved over too. LeapRate Exclusive... LeapRate has learned that leading Swiss online trading firm Swissquote has formally closed today on its $70 million acquisition of MIG Bank. As both firms are licensed Swiss banks, and are also regulated elsewhere (UK, Hong Kong, and Dubai),…

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September 25, 2013 BY Gerald Segal

Swissquote buys MIG Bank to create the dominant Swiss forex broker

MIG Bank monthly forex volumes averaged $60 billion in the first half of 2013. This will once be known as the week of retail forex acquisitions. After seeing Gain Capital close on its purchase of GFT, Oanda acquire social and copy trading service Currensee, and FXCM buy FX research shop Faros Trading, comes potentially the…

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