Friday, January 16, 2015

[Snippet] BATS Global Markets Negotiates Acquiring Hotspot for $400 mln: Reuters

[Snippet] BATS Global Markets Negotiates Acquiring Hotspot for $400 mln: Reuters


[Snippet] BATS Global Markets Negotiates Acquiring Hotspot for $400 mln: Reuters

Posted: 16 Jan 2015 05:16 PM PST

Marketers Pounce on the Opportunity to Pinch Competitor’s Clients During Times of Difficulty

Posted: 16 Jan 2015 03:59 PM PST

Forex and CFD brokers are looking to absorb clients from competing firms. Data from marketing channels shows that brokers are using interesting marketing phrases against brokers that have been affected by the CHF crisis.
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The post Marketers Pounce on the Opportunity to Pinch Competitor’s Clients During Times of Difficulty appeared first on Forex Magnates.

Banks Face Swissie Music – Citi Lost $150 Mln – Bloomberg

Posted: 16 Jan 2015 03:52 PM PST

Leading banks have been victims of the recent currency markets crisis according to Bloomberg. Reports suggest that Citi suffered a $150 million loss, with Deutsche and Barclays also in the limelight.
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The post Banks Face Swissie Music – Citi Lost $150 Mln – Bloomberg appeared first on Forex Magnates.

Breaking: Leucadia Hands FXCM $300 Mln Life-Line

Posted: 16 Jan 2015 02:49 PM PST

US holding company, aka the baby Berkshire Hathaway, Leucadia National has given troubled forex broker-dealer FXCM a $300 million financing. The move comes after talks earlier in the day to support the broker.
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The post Breaking: Leucadia Hands FXCM $300 Mln Life-Line appeared first on Forex Magnates.

[Snippet] FXCM's Share Price Drops 70% in After-hours Trading After Halt Lifted $3.84

Posted: 16 Jan 2015 02:05 PM PST

Tradeview Markets Emerges Unscathed, on the Prowl for New Business?

Posted: 16 Jan 2015 12:34 PM PST

Friday's aftermath of the CHF volatility has heralded a death knell for several brokers, while helping reshuffle the playing field for the rest – all the while Tradeview Markets has survived and emerged out of the crisis with an eye on expansion.
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The post Tradeview Markets Emerges Unscathed, on the Prowl for New Business? appeared first on Forex Magnates.

ICE Futures Crosses New Record in EUR CHF Futures – Surpasses 199,600 Contracts

Posted: 16 Jan 2015 12:14 PM PST

The recent change in Switzerland's core interest rate by the SNB has seen extreme market behaviour. The ICE Exchange brought a fresh layer of positivity reporting record volumes in the main EUR Swiss derivatives contract.
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The post ICE Futures Crosses New Record in EUR CHF Futures – Surpasses 199,600 Contracts appeared first on Forex Magnates.

Is Your Broker Weathering the CHF Storm? Real Time Updates

Posted: 16 Jan 2015 11:35 AM PST

Thanks to a surprise shakeup from SNB, the FX industry has been placed in a state of flux with the playing field radically redrawn – consult Forex Magnates' comprehensive broker list to see the state of each broker.
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The post Is Your Broker Weathering the CHF Storm? Real Time Updates appeared first on Forex Magnates.

The Foreign Exchange Market’s Black Thursday: Industry Losses May Surpass $1B

Posted: 16 Jan 2015 10:29 AM PST

The 'Black Swan'day is swinging a big broom across the foreign exchange industry, reshaping it as we know it and preparing us for a slew of long-term changes after yesterday's extraordinary market conditions.
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The post The Foreign Exchange Market's Black Thursday: Industry Losses May Surpass $1B appeared first on Forex Magnates.

Breaking: FXCM in Fire Sale Talks with Potential Buyers

Posted: 16 Jan 2015 10:19 AM PST

Forex Magnates has learned that FXCM is in talks with several private equity funds, as well as cash- rich brokers to complete either a partial or full asset sale or raise between $100-200 million by as early as Monday.
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The post Breaking: FXCM in Fire Sale Talks with Potential Buyers appeared first on Forex Magnates.

Interactive Brokers Suffers $120 Million in Client Losses, Trading Uninterrupted

Posted: 16 Jan 2015 09:44 AM PST

Interactive Brokers Group (NASDAQ GS: IBKR) joins a short list of brokers who suffered sizable losses yesterday at the hands of the SNB's snap decision to abandon its currency peg, whose client losses are estimated at $120 million.
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The post Interactive Brokers Suffers $120 Million in Client Losses, Trading Uninterrupted appeared first on Forex Magnates.

Vultures Out: Brokers Reviewing the Wreckage for ‘Groyse Metsia’ Acquisitions

Posted: 16 Jan 2015 08:49 AM PST

Forex Magnates has learned that some larger and well capitalized brokers are out making calls today about acquiring outright or purchasing a share of customer books to provide capital to struggling brokers.
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The post Vultures Out: Brokers Reviewing the Wreckage for 'Groyse Metsia' Acquisitions appeared first on Forex Magnates.

Daily Forex Market Update: USD/CAD Wakes up in Early US Session

Posted: 16 Jan 2015 08:40 AM PST

Our new guest contributor, John Putman II, accompanies us on a daily basis with his aphorism of the daily market, each time sharing with us a chart he prepares with the status quo of the currency pairs that are relevant to him.

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The post Daily Forex Market Update: USD/CAD Wakes up in Early US Session appeared first on Forex Magnates.

[Snippet] US CFTC Opens Review of FXCM Following Client Losses, Share Collapse

Posted: 16 Jan 2015 08:39 AM PST

BMFN All Smiles as Business Continues as Usual

Posted: 16 Jan 2015 08:15 AM PST

Friday has been a house of horrors for FX brokers, which reached a climax when Alpari UK and FXCM collectively faced dire straights – conversely, BMFN has emerged out of the CHF maelstrom unscathed and is business as usual.
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The post BMFN All Smiles as Business Continues as Usual appeared first on Forex Magnates.

GAIN Capital Generated a Profit on the Forex Industry’s Black Thursday

Posted: 16 Jan 2015 08:00 AM PST

GAIN Capital is another brokerage which is reporting to have in place a solid risk management framework which prevented it from being materially impacted by the Swiss National Bank's decision.
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The post GAIN Capital Generated a Profit on the Forex Industry’s Black Thursday appeared first on Forex Magnates.

Dukascopy, FXTM an Oasis of Calm, FXOpen Resumes CHF Crosses

Posted: 16 Jan 2015 07:34 AM PST

The line in the ground today appears to differentiate between outright catastrophe (Alpari UK, FXCM) and the 'business as usual' mantra, with the majority of brokers falling into the latter, including FXTM and Dukascopy Bank
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The post Dukascopy, FXTM an Oasis of Calm, FXOpen Resumes CHF Crosses appeared first on Forex Magnates.

FXCM Inc Shares Trading down 85% in Pre-Market Trading

Posted: 16 Jan 2015 06:59 AM PST

Credit Suisse and Citi issued downgrades on the shares of FXCM Inc this morning as the company and its peers across the industry are losing substantial amounts of market value in pre-market trading on the NYSE.
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The post FXCM Inc Shares Trading down 85% in Pre-Market Trading appeared first on Forex Magnates.

Saxo Bank’s Risk Holds, as Low Leverage on CHF Pairs Enforced Since September

Posted: 16 Jan 2015 06:12 AM PST

Forex Magnates reached out to Steen Blaafalk, Chief Financial & Risk Officer at Saxo Bank A/S for his take on the recent fallout surrounding the SNB's abandonment of its peg along with its impact on Saxo Bank.
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The post Saxo Bank’s Risk Holds, as Low Leverage on CHF Pairs Enforced Since September appeared first on Forex Magnates.

[Snippet] FXOpen Resumes CHF Pair Trading Following Earlier Cessation

Posted: 16 Jan 2015 05:58 AM PST

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