Monday, December 29, 2014

Breaking: Kevin Millien Dismisses Injunction Case Against Boston Technologies

Breaking: Kevin Millien Dismisses Injunction Case Against Boston Technologies


Breaking: Kevin Millien Dismisses Injunction Case Against Boston Technologies

Posted: 29 Dec 2014 04:01 PM PST

According to a court hearing transcript, the preliminary injunction request has been denied based on lack of clarity about the ownership of Millien's stake relating to a share purchase agreement earlier this year.
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Introducing Broker BBFX Fined $25,000 by Overzealous American Watchdog for Non-US Business

Posted: 29 Dec 2014 02:17 PM PST

The NFA decided that BBFX failed to implement an adequate customer identification program for foreign clients introduced to brokers outside the US, monitor accounts for suspicious activity, and conduct AML training.
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The post Introducing Broker BBFX Fined $25,000 by Overzealous American Watchdog for Non-US Business appeared first on Forex Magnates.

Clearing House Pershing Fined $3 Million by American Regulator for Endangering Client Funds

Posted: 29 Dec 2014 11:01 AM PST

FINRA found that from November 2010 to August 2011, Pershing failed to maintain adequate reserves to meet its reserve deposit requirements with deficiencies ranging from approximately $4 million to $220 million.
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The post Clearing House Pershing Fined $3 Million by American Regulator for Endangering Client Funds appeared first on Forex Magnates.

FXPRIMUS Continues to Expand Global Reach with New Cyprus License for European Arm

Posted: 29 Dec 2014 09:42 AM PST

Before this the broker was already licensed by the authorities of Mauritius and New Zealand, as common with firms focusing on the Asian market, but now it can also service European clients via MiFID passporting.
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The post FXPRIMUS Continues to Expand Global Reach with New Cyprus License for European Arm appeared first on Forex Magnates.

Ukraine Launches Non-Deliverable Futures as IMF Prepares Next Visit

Posted: 29 Dec 2014 08:56 AM PST

The Interbank Foreign Currency Exchange has launched non-deliverable futures trading on the Ukrainian Hryvnia to the US dollar, the euro and the Russian ruble allowing implementation of hedging strategies.
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The post Ukraine Launches Non-Deliverable Futures as IMF Prepares Next Visit appeared first on Forex Magnates.

Greece Heads to Snap Elections, Euro Zone Risks Rising

Posted: 29 Dec 2014 05:50 AM PST

Tired of the Euro Crisis, or thought that it had subsided? Prepare to get more of it – the Greek parliament has failed to elect a new president on the third and final vote, remaining short of 12 votes to …
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The post Greece Heads to Snap Elections, Euro Zone Risks Rising appeared first on Forex Magnates.

DGCX Launches Russian Ruble, Korean Won and South African Rand Futures

Posted: 29 Dec 2014 04:48 AM PST

As emerging market currencies continue tanking lower in anticipation of the first Federal reserve rate hikes, the Dubai Gold and Commodities Exchange launches new futures contracts catering to exotics FX traders.
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The post DGCX Launches Russian Ruble, Korean Won and South African Rand Futures appeared first on Forex Magnates.

Reviewing Our 2014 Forex Industry Predictions

Posted: 29 Dec 2014 02:01 AM PST

The time has come to check how well we predicted the landscape of the forex industry in this year, from a bullish USD and the growing stake of high frequency trading to IPO clutter which still has not materialized.
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The post Reviewing Our 2014 Forex Industry Predictions appeared first on Forex Magnates.

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