Wednesday, November 26, 2014

FX Trader Gets Shunned at Bank of New York Mellon for Breach of Compliance Rules

FX Trader Gets Shunned at Bank of New York Mellon for Breach of Compliance Rules


FX Trader Gets Shunned at Bank of New York Mellon for Breach of Compliance Rules

Posted: 26 Nov 2014 04:45 PM PST

US custodian banking institute, Bank of New York Mellon, has let-go of a senior currency trader. Reports state that Jon Smailes has been sacked for breaching compliance rulings.

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The post FX Trader Gets Shunned at Bank of New York Mellon for Breach of Compliance Rules appeared first on Forex Magnates.

Niall O’Riordan UBS Chief Currency Dealer Under Investigation for FX Rigging Case

Posted: 26 Nov 2014 03:22 PM PST

Swiss authorities investigating UBS employees involved in the FX rates manipulation case have published the names of those in question. Media reports state that 11 peoples names were noted.
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The post Niall O'Riordan UBS Chief Currency Dealer Under Investigation for FX Rigging Case appeared first on Forex Magnates.

[Snippet] AxiTrader Reduces Leverage on EUR CHF to 50:1

Posted: 26 Nov 2014 01:40 PM PST

Bursa Malaysia Adopts Rules That Simplify its Registration Process for Dealers

Posted: 26 Nov 2014 01:06 PM PST

One of South East Asia's fastest growing trading venues implements new rules that reduce the time it takes for brokers and dealers to register. The Bursa Malaysia will deploy Straight Through Processing for registrations.
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The post Bursa Malaysia Adopts Rules That Simplify its Registration Process for Dealers appeared first on Forex Magnates.

FxPro Cuts Renminbi Trading Margin Requirements Opening the Door for More Client Demand

Posted: 26 Nov 2014 01:06 PM PST

The FCA regulated broker is aiming to provide additional incentives for trading the Chinese currency just as more analysts are expecting that the renminbi will start behaving more and more like a "normal currency".
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The post FxPro Cuts Renminbi Trading Margin Requirements Opening the Door for More Client Demand appeared first on Forex Magnates.

[Snippet] Senior UBS Forex Traders Said to Face Swiss Regulator Probe: Bloomberg

Posted: 26 Nov 2014 11:59 AM PST

Breaking: Senior Management of Saxo Bank Switzerland Parts Ways With the Company

Posted: 26 Nov 2014 11:47 AM PST

The management of Saxo Bank Switzerland AG decided to resign following a strategic decision by the bank to move the servicing of institutional clients already contracted outside of Switzerland to London or Copenhagen.
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The post Breaking: Senior Management of Saxo Bank Switzerland Parts Ways With the Company appeared first on Forex Magnates.

[Snippet] Former COMEX Broker Gets Fined for Failing to Comply with CFTC Rules

Posted: 26 Nov 2014 10:00 AM PST

MetaTrader 5 Android App Now Supports Market Depth and Offers Financial News

Posted: 26 Nov 2014 09:48 AM PST

The Russian developer, MetaQuotes Software Corporation, also announced the same changes are coming soon to the MetaTrader 4 Android App, which a new version of will be released within the next month.
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The post MetaTrader 5 Android App Now Supports Market Depth and Offers Financial News appeared first on Forex Magnates.

[Snippet] Moscow Exchange to reduce fees for FX trades over 10,000 lots

Posted: 26 Nov 2014 08:55 AM PST

Exclusive: Magick and Atom8 Bring Cloud-Based Automatic Strategies to MetaTrader 4

Posted: 26 Nov 2014 08:46 AM PST

Inking its first broker partnership, Magick, a cloud based automatic trading will begin to be offered as a service to Atom8 MetaTrader 4 account holders to speed up development and deployment of their algo trading.
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The post Exclusive: Magick and Atom8 Bring Cloud-Based Automatic Strategies to MetaTrader 4 appeared first on Forex Magnates.

Chinese Yuan Global Payments Market Share Drops in November, Maintains 7th Spot

Posted: 26 Nov 2014 08:13 AM PST

The latest set of data from the SWIFT Renminbi Monthly Tracker report is revealing that the liquidity squeeze on mainland China could have materially affected global flows throughout the past month.
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The post Chinese Yuan Global Payments Market Share Drops in November, Maintains 7th Spot appeared first on Forex Magnates.

World’s Regulators to Consider Global Passporting as Cross-Border Solution

Posted: 26 Nov 2014 07:45 AM PST

The International Organization of Securities Commissions is offering global policy makers the example of MiFID license passporting in the EU as one of three possible tools to adopt for cross border regulation.
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The post World’s Regulators to Consider Global Passporting as Cross-Border Solution appeared first on Forex Magnates.

Tullett Prebon Strengthens Its OTC Energy Trading Business with Acquisition of Oil Brokerage

Posted: 26 Nov 2014 03:49 AM PST

PVM Associates has an average daily turnover in excess of 150 million barrels of over the counter oil derivatives including CFDs, options and futures. The acquisition increases its coverage of oil in Asia and the US.
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The post Tullett Prebon Strengthens Its OTC Energy Trading Business with Acquisition of Oil Brokerage appeared first on Forex Magnates.

Crowdnetic Partners with Digital Look to Create Aggregated UK Equity Crowdfunding Portal

Posted: 26 Nov 2014 03:41 AM PST

Creating an investment portal for UK based equity crowdfunding deals, Crowdnetic has partnered with with multi-asset trading and markets website Digital Portal for the launch of the new site.
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The post Crowdnetic Partners with Digital Look to Create Aggregated UK Equity Crowdfunding Portal appeared first on Forex Magnates.

Follow-up: TraderXP Intensifies Restructuring with Cutbacks on the Horizon

Posted: 26 Nov 2014 03:30 AM PST

After reporting on a potential association of binary options brands for a joint IPO, Forex Magnates has set out to inquire about the enterprise's progress and discovered that the story has somewhat evolved.
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The post Follow-up: TraderXP Intensifies Restructuring with Cutbacks on the Horizon appeared first on Forex Magnates.

FT Alphaville Markets Live to Feature Sentiment Forecasts Powered by Myriada

Posted: 26 Nov 2014 02:06 AM PST

Adding an engaging feature to its Markets Live section, FT Alphaville has partnered with Myriada which uses crowdsourced data and machine learning algorithms to create sentiment based price and economic forecasts.
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The post FT Alphaville Markets Live to Feature Sentiment Forecasts Powered by Myriada appeared first on Forex Magnates.

Exclusive: ACM Gold Becomes First African Forex Broker to Adopt the Tradable Platform

Posted: 26 Nov 2014 01:54 AM PST

Africa's biggest broker is partnering with Tradable and joins the likes of Monex Group in Japan, GAIN Capital in America and IS Investment in Turkey as the first provider in their region to launch the open platform.
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The post Exclusive: ACM Gold Becomes First African Forex Broker to Adopt the Tradable Platform appeared first on Forex Magnates.

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