Tuesday, January 20, 2015

US Broker Interactive Brokers Reports Strong 2014 Earnings, 49% Pre-Tax Profit

US Broker Interactive Brokers Reports Strong 2014 Earnings, 49% Pre-Tax Profit


US Broker Interactive Brokers Reports Strong 2014 Earnings, 49% Pre-Tax Profit

Posted: 20 Jan 2015 04:12 PM PST

Upbeat market volatility supports positive earnings data at broker-dealer Interactive Brokers. The US listed broker saw income rise before taxes on a year-over-year basis, with client equity also increasing to $57.6 billion in 2014.
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The post US Broker Interactive Brokers Reports Strong 2014 Earnings, 49% Pre-Tax Profit appeared first on Forex Magnates.

Inside the Swiss Franc Crisis: How Did OANDA Handle It All

Posted: 20 Jan 2015 04:02 PM PST

In a series of articles, Forex Magnates reporters will be discussing with various brokers how did the events of Black Thursday unfolded and how did the brokers' risk management systems handled the order flow.
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The post Inside the Swiss Franc Crisis: How Did OANDA Handle It All appeared first on Forex Magnates.

Singaporean Watchdog Grants Regulatory Approval “In Principle” to Eurex for New Clearing House

Posted: 20 Jan 2015 02:42 PM PST

Eurex reports that it has receives "in principle" regulatory clearance from Singaporean financial watchdog the Monetary Authority of Singapore to launch a clearing house. The new clearing house, Eurex Clearing Asia, plans to start in 2016.
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The post Singaporean Watchdog Grants Regulatory Approval “In Principle” to Eurex for New Clearing House appeared first on Forex Magnates.

Citi Analyst: FXCM Financing Terms Reveal a Lifeline for April Sale as Stock Plummets

Posted: 20 Jan 2015 02:20 PM PST

At $1.62, shares of FXCM are down nearly 90% after they re-opened today following Friday's trading halt. So far, traders are giving the thumbs down to the broker's $279 million financing terms.
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The post Citi Analyst: FXCM Financing Terms Reveal a Lifeline for April Sale as Stock Plummets appeared first on Forex Magnates.

FCA Sheds Light on Alpari UK Administration with Response to Key Questions

Posted: 20 Jan 2015 01:13 PM PST

The FCA has issued its first official note on the Alpari UK administration, the regulator confirmed the event and outlined what the current status of affairs are, it also informed affected traders of what to expect in relation to their funds.
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The post FCA Sheds Light on Alpari UK Administration with Response to Key Questions appeared first on Forex Magnates.

FCA Visits Brokers Inspecting Swiss Debacle Impact on Client Assets

Posted: 20 Jan 2015 12:22 PM PST

UK FIRMS in the forex space have been in direct contact with the UK regulator in reference to client money rules and regulations, Forex Magnates has learned. Firms are being questioned on their CASS Resolution Pack.
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The post FCA Visits Brokers Inspecting Swiss Debacle Impact on Client Assets appeared first on Forex Magnates.

BGC Counters CME’s GFI Offer – Raises the Bar to $6.10

Posted: 20 Jan 2015 12:08 PM PST

BGC has raised the stakes for GFI as the battleground between the two trading institutions takes a new turn, with bidding gradually increasing the current offer in excess of six dollars.
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The post BGC Counters CME’s GFI Offer – Raises the Bar to $6.10 appeared first on Forex Magnates.

FinFX Will No Longer Offer Brokerage Services to American Citizens

Posted: 20 Jan 2015 11:09 AM PST

FinFX has informed clients that it will cease its offering to US residents. The move comes after US rules prohibit overseas firms that are not authorised by domestic regulators to deal with US clients. Clients were informed by email.
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The post FinFX Will No Longer Offer Brokerage Services to American Citizens appeared first on Forex Magnates.

Exclusive: Alpari UK Should Have Shut down a Year Ago Says Majority Owner

Posted: 20 Jan 2015 10:57 AM PST

Andrey Dashin comments to Forex Magnates about Alpari UK's insolvency: "Winding up was better than a financial meltdown with unpredictable consequences." Read the full statement along with telling data.
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The post Exclusive: Alpari UK Should Have Shut down a Year Ago Says Majority Owner appeared first on Forex Magnates.

CLS Joins TriOptima to Deliver New FX Forward Compression Service

Posted: 20 Jan 2015 09:47 AM PST

FX forward transactions currently account for 13% of overall trading in the global FX market, according to the Bank for International Settlements–with trading volumes rising by 43% between 2010 and 2013.
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The post CLS Joins TriOptima to Deliver New FX Forward Compression Service appeared first on Forex Magnates.

Daily Forex Market Update: Being Short on the GBP/JPY Today

Posted: 20 Jan 2015 09:16 AM PST

Today John Putman added to his daily market update four charts to better demonstrate the instruments' circumstances. See and read for yourself and comment what your "short stories" are.
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The post Daily Forex Market Update: Being Short on the GBP/JPY Today appeared first on Forex Magnates.

JFSA Orders Alpari Japan to Retain Assets within the Country

Posted: 20 Jan 2015 09:00 AM PST

The Kanto province Local Financial Bureau is preemptively taking measures to ensure that there won't be a transfer from local accounts to the Alpari UK entity still facing bankruptcy or last minute acquisition.
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The post JFSA Orders Alpari Japan to Retain Assets within the Country appeared first on Forex Magnates.

CME Group Calls BGC Partners’ $5.85 a Share Offer for GFI

Posted: 20 Jan 2015 08:00 AM PST

A week before the crucial vote of GFI shareholders on a prospective sale of the company, the CME Group matched the latest offer of BGC Partners last week, throwing the ball back to New York City.
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The post CME Group Calls BGC Partners’ $5.85 a Share Offer for GFI appeared first on Forex Magnates.

[Snippet] FX Trading Volumes at Alpari Russia and CIS Drop by about 2.3% in December

Posted: 20 Jan 2015 07:09 AM PST

The Danish Krone’s Peg to the Euro Is More Solid than You Think

Posted: 20 Jan 2015 07:08 AM PST

Several media and pundit reports are suggesting that the Danish krone peg to the euro is the next foreign exchange domino to fall - Forex Magnates disagrees along with a duo of respected Danish bank analysts.
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The post The Danish Krone’s Peg to the Euro Is More Solid than You Think appeared first on Forex Magnates.

[Snippet] CME Group Calls BGC Partners' $5.85 a Share Offer for GFI

Posted: 20 Jan 2015 05:38 AM PST

Jamie Coleman: ECB’s QE Will Show Division, Not Unity

Posted: 20 Jan 2015 03:29 AM PST

Whatever the ECB decides on Thursday's quantitative easing policy meeting, the market will see it as too little too late. With so sharply divided members, the Eurozone is doomed to remain an unmanageable beast.
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The post Jamie Coleman: ECB’s QE Will Show Division, Not Unity appeared first on Forex Magnates.

Swissquote/MIG Bank Merger Reaps Dividends as Broker Ends 2014 Surpassing Internal Goals

Posted: 20 Jan 2015 02:30 AM PST

Swissquote cracked the $100 billion barrier during the last quarter of 2014 as total FX volumes for Q4 were $330 billion, representing that the broker was achieving ongoing traction of its FX unit since acquiring MIG Bank.
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The post Swissquote/MIG Bank Merger Reaps Dividends as Broker Ends 2014 Surpassing Internal Goals appeared first on Forex Magnates.

IG Group Reports Revenues Rising 8% in First Half of Fiscal 2015

Posted: 20 Jan 2015 02:09 AM PST

The UK spread betting brokerage has announced that its revenues have grown to $297.7 million and profits rose by 2.8%, reaching almost $ 153 million, while a Dubai license application remains on track.
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The post IG Group Reports Revenues Rising 8% in First Half of Fiscal 2015 appeared first on Forex Magnates.

FXCM Inc’s Loan from Leucadia Net Proceeds $279 Million, Interest Rate Increases 1.5% Quarterly

Posted: 20 Jan 2015 12:53 AM PST

Some details of the loan from Leucadia to FXCM are out, revealing a growing interest over time and the possibility of additional fees totaling $30 million if the principal is not reduced to below $250 million by April 16th.
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The post FXCM Inc’s Loan from Leucadia Net Proceeds $279 Million, Interest Rate Increases 1.5% Quarterly appeared first on Forex Magnates.

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