Wednesday, December 3, 2014

NFA Credit Card Ban to Dampen Operating Environment New Payment Methods Required

NFA Credit Card Ban to Dampen Operating Environment New Payment Methods Required

NFA Credit Card Ban to Dampen Operating Environment New Payment Methods Required

Posted: 03 Dec 2014 05:42 PM PST

The NFA's planned D-Day on credit card usage in the US for forex and futures trading is expected to shake-up the market, in anticipation of the rules brokers are sourcing new payment methods.
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The post NFA Credit Card Ban to Dampen Operating Environment New Payment Methods Required appeared first on Forex Magnates.

FXCM’s Revised Raw FX Pricing Model Produces Promising Results

Posted: 03 Dec 2014 03:37 PM PST

A recent change in the pricing structure at FXCM and a revised entry point for financial traders has had a positive impact at the firm's US division. The firm lowered its minimum deposit to $2000.
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The post FXCM's Revised Raw FX Pricing Model Produces Promising Results appeared first on Forex Magnates.

CFTC Fines Pinnacle Forex $819,000 for Running Fraudulent FX Commodity Pool

Posted: 03 Dec 2014 02:38 PM PST

US financial regulator finds Christopher Engel and his unregulated firm, Pinnacle Forex, guilty of falsifying claims that it was a registered CFTC fund manager, the two were fined $819,000.

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The post CFTC Fines Pinnacle Forex $819,000 for Running Fraudulent FX Commodity Pool appeared first on Forex Magnates.

Changes to WM/Reuters London Fix Rate Calculation Period Delayed Until 2015

Posted: 03 Dec 2014 09:31 AM PST

Changes are coming to the London FX Fix rates, just not yet as an internal at WM Company has revealed that changes to the calculation are delayed until February 2015.
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The post Changes to WM/Reuters London Fix Rate Calculation Period Delayed Until 2015 appeared first on Forex Magnates.

Average Daily FX Volume Drops 4.5% in November at Intercontinental Exchange

Posted: 03 Dec 2014 08:13 AM PST

The total FX ADV figure at the Intercontinental Exchange reached 42,000 contracts for November 2014, that is 74% higher than November 2013's ADV, but 4.5% lower from October 2014's ADV of 44,000 contracts.
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The post Average Daily FX Volume Drops 4.5% in November at Intercontinental Exchange appeared first on Forex Magnates.

Bank of Russia Steps In To Defend the Ruble as it Hits New All Time Lows

Posted: 03 Dec 2014 06:56 AM PST

Outstanding Russian debt in foreign currency has topped $730 billion last quarter as the central bank continues its efforts to prevent havoc from taking over the local foreign exchange markets to no avail.
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The post Bank of Russia Steps In To Defend the Ruble as it Hits New All Time Lows appeared first on Forex Magnates.

China Allows First Local Brokerage to Trade in Interbank RMB Spot FX Market

Posted: 03 Dec 2014 06:21 AM PST

This move is another major milestone for both FX trading and Yuan exchange rate liberalization on the road for no capital controls and a free floating currency in China. The broker also offer retail FX in Hong Kong.
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The post China Allows First Local Brokerage to Trade in Interbank RMB Spot FX Market appeared first on Forex Magnates.

Forex Time (FXTM) Launches a New Belize Regulated Entity for Non-EU Clients

Posted: 03 Dec 2014 04:56 AM PST

The CySEC licenced FXTM says it aims to make available to all regions a service of an appropriate and international standard. Clients outside the EU are entitled to register with either entity of their choosing.
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The post Forex Time (FXTM) Launches a New Belize Regulated Entity for Non-EU Clients appeared first on Forex Magnates.

ISAM’s IS Prime Set to Offer Hedge-Fund’s “Powerful tools” for Institutional Forex

Posted: 03 Dec 2014 04:50 AM PST

After launching IS Prime Jonathan Brewer and Raj Sitlani discuss the advantages of a brokerage incepted by a hedge fund, citing several unique offerings they are poised to deliver to the institutional forex space.
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The post ISAM’s IS Prime Set to Offer Hedge-Fund’s “Powerful tools” for Institutional Forex appeared first on Forex Magnates.

Intercontinental Exchange Focuses on Renminbi & Commodities Trading in Singapore

Posted: 03 Dec 2014 04:31 AM PST

The first set of offerings on ICE Futures and ICE Clear Singapore are mostly commodity based, with Brent crude, gold, cotton and white sugar joining the Chinese yuan to open the company's books in the region.
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The post Intercontinental Exchange Focuses on Renminbi & Commodities Trading in Singapore appeared first on Forex Magnates.

GFI Group Management Raises Its Offer for Wholesale Brokerage, Sticks with CME Group

Posted: 03 Dec 2014 02:33 AM PST

CME is still on track to get the company's energy, FX futures and options technology with the repurchase offer for the wholesale brokerage of the company increased by the private consortium to $254 million.
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The post GFI Group Management Raises Its Offer for Wholesale Brokerage, Sticks with CME Group appeared first on Forex Magnates.

Monex FX Inc to Merge into Monex Inc, November FX Volumes Higher

Posted: 03 Dec 2014 12:31 AM PST

The company is aiming to reduce operating costs associated with its Japanese operations while foreign exchange trading volumes keep rising throughout the final quarter of the year despite fewer trading days last month.
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The post Monex FX Inc to Merge into Monex Inc, November FX Volumes Higher appeared first on Forex Magnates.
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