Thursday, January 15, 2015

Swiss Currency Crisis Extends – FX Broker Excel Markets Forced to Close-shop

Swiss Currency Crisis Extends – FX Broker Excel Markets Forced to Close-shop


Swiss Currency Crisis Extends – FX Broker Excel Markets Forced to Close-shop

Posted: 15 Jan 2015 05:49 PM PST

New Zealand regulated broker-dealer, Excel Markets, has reported that it will be halting operations. The STP broker was unable to meet client losses held at its liquidity providers.
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CHF Mishap Results in CFD Brokers Altering Their Margin Requirements on Swiss Share CFD

Posted: 15 Jan 2015 04:00 PM PST

CFD providers were forced to amend their margin requirements for CFDs on Swiss stocks. London-based CFD firm, Ayondo, increased the margin on Swiss equity CFDS to 10% as market volatility drove down prices.

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GAIN Capital and Plus500 Report ‘No Material Impact’ from Swiss Franc Volatility

Posted: 15 Jan 2015 03:05 PM PST

Since IG Group announced earlier that it is vulnerable to up to £30 million in losses due to today's move in the Swiss franc, industry participants have been awaiting official word from other public companies. Releasing updates to shareholders, GAIN …
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[Snippet] Bulgarian Finance Minister Aims to Join the Euro by 2018

Posted: 15 Jan 2015 02:09 PM PST

BGC Responds to CME for GFI Acquisition – Raises Contingent & Non-Contingent Offers

Posted: 15 Jan 2015 01:21 PM PST

The on-going battle between financial giants, BGC and CME, for the purchase of GFI continues, with 3 offers within a 48-hour period. BGC countered CME's latest offer and increased its all-cash tender offer to $5.85 and $5.75 per share.
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The post BGC Responds to CME for GFI Acquisition – Raises Contingent & Non-Contingent Offers appeared first on Forex Magnates.

Dukascopy Bank Starts Offering CFDs to Its White Labels

Posted: 15 Jan 2015 12:56 PM PST

According to a company announcement, Swiss bank Dukascopy has started offering its white labels access to the company's recently launched CFD trading module. The release follows up on the official launch of live trading on the broker's own end-client offering …
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[Snippet] FxPro Suspends All Trading in Swiss Crosses Due to Market Shake-up

Posted: 15 Jan 2015 10:33 AM PST

Industry Impact: Swiss Black Swan Storms through Currency Markets

Posted: 15 Jan 2015 10:23 AM PST

After the Swiss National Bank threw a bomb at the forex markets once in September 2011, today it has done it again, causing a Black Swan event of epic proportions, which could prompt a number of industry-wide changes.
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HotForex Launches ZuluTrade for Binary Options at Its OptionTrade Brand

Posted: 15 Jan 2015 09:26 AM PST

Only last month, December 2014, ZuluTrade went live with its binary options collaboration with SpotOption and we are now starting to see first the SpotOption brokers, OptionTrade, adopting the service.
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CME “Sees and Calls” BGC Partners, Matches Offer of $5.60 per Share for GFI

Posted: 15 Jan 2015 08:36 AM PST

This new offer price represents more than an 80% premium above the closing price of $3.11 per share for GFI Group common stock as of July 29, 2014, the last day of trading prior to the announcement of the CME transaction.
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The post CME “Sees and Calls” BGC Partners, Matches Offer of $5.60 per Share for GFI appeared first on Forex Magnates.

Breaking: IG Group Facing Losses up to £30 Million, Tip of Industry CHF Volatility Losses?

Posted: 15 Jan 2015 08:33 AM PST

The first brokerage to publicly announce unforeseen losses from the extreme volatility event after this morning's Swiss franc debacle induced by the SNB, was London Stock Exchange listed IG Group.
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The post Breaking: IG Group Facing Losses up to £30 Million, Tip of Industry CHF Volatility Losses? appeared first on Forex Magnates.

Flash Crashes, Important Reminders and Daily Market Update

Posted: 15 Jan 2015 08:29 AM PST

We are happy to launch a daily series with our latest guest contributor on board, FX Analytics' John Putman II. John will share his analysis providing both live updates and his own insights about the market.
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EUR/CHF Crash Leads Brokers to Halt Trading in CHF Pairs

Posted: 15 Jan 2015 08:03 AM PST

At FXCM, the prices of CHF crosses have not been updated from about 4:30am Eastern US Time. Support representatives are advising clients who were negatively impacted to log audits using the subject line, "Price freeze."
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Trader’s Perspective: Never Trust a Central Bank

Posted: 15 Jan 2015 07:00 AM PST

Given the latest decision by the Swiss National Bank to eliminate the exchange rate limit of 1.20 Swiss francs to the euro, our Guest Blogger and full time trader Vlad Gubernat shares his point of view with us.
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[Snippet] Fortress Prime Appoints Saad Sidat as International Sales Manager – MENA

Posted: 15 Jan 2015 06:11 AM PST

Manchester City Signs a Multi-Year Global Partnership Deal with FXPrimus worth $2 Million a Year

Posted: 15 Jan 2015 05:19 AM PST

The English Premier League champion football club has become the latest high profile sports team to announce an official partnership with a broker. The deal gives FXPrimus extensive marketing and promotional rights.
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Was the Selloff in FXCM Shares Overdone following Their Q4 Guidance?

Posted: 15 Jan 2015 04:38 AM PST

Shares of FXCM were down nearly 11% yesterday after the broker announced that retail revenues per million dollars traded was lowered to around $70 from the $75-$80 range the broker had forecast to investors.
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Breaking: EUR/CHF Nosedives as SNB Abandons Floor, Freezing Trading Platforms

Posted: 15 Jan 2015 03:53 AM PST

Trading platforms at a number of brokerages go haywire, with prices on the EUR/CHF ranging between 1.02 and 1.17, for the time being there is no definitive information on where the Swiss franc is trading to the euro.
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London Capital Group’s Revenues Accelerated during the Fourth Quarter of 2014

Posted: 15 Jan 2015 02:07 AM PST

Revenues accelerated during Q4, with £13.9 million at the end of the third quarter ending 30 September 2014 and the balance of £8.6 million in the fourth quarter ending 31 December 2014.
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