Tuesday, February 24, 2015

Alpari UK Owes Citi & FXCM $11.4 mln as Majority Client Funds Pooled

Alpari UK Owes Citi & FXCM $11.4 mln as Majority Client Funds Pooled


Alpari UK Owes Citi & FXCM $11.4 mln as Majority Client Funds Pooled

Posted: 24 Feb 2015 04:19 PM PST

In a report to the company's creditors and clients, KPMG, which has been appointed as special administrator for the failed UK brokerage has revealed that client funds have been pooled almost in full.
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The post Alpari UK Owes Citi & FXCM $11.4 mln as Majority Client Funds Pooled appeared first on Forex Magnates.

Hungarian National Bank Takes Control of Buda-Cash Broker

Posted: 24 Feb 2015 01:39 PM PST

On suspicion of cooking the books for over a decade, some 10 billion forint ($37 million) in client losses are expected and as much as 100 billion forint ($371 million) in assets are unaccounted for by the firm.
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The post Hungarian National Bank Takes Control of Buda-Cash Broker appeared first on Forex Magnates.

BATS Global Markets Appoints Chris Concannon as CEO

Posted: 24 Feb 2015 11:43 AM PST

The new CEO of the company has played a major role in the bid for KCG Hotspot which the company announced earlier this year. The acquisition spearheads BATS Global Markets' foray into the foreign exchange market.
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The post BATS Global Markets Appoints Chris Concannon as CEO appeared first on Forex Magnates.

Royal Bank of Canada Becomes EBS Direct’s First Liquidity Provider in the Country

Posted: 24 Feb 2015 09:42 AM PST

The addition of RBC will give EBS customers access to a leading liquidity provider in both major and emerging market currencies. This will create greater liquidity, better pricing and higher certainty of execution.
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The post Royal Bank of Canada Becomes EBS Direct’s First Liquidity Provider in the Country appeared first on Forex Magnates.

New Gold Price Manipulation Probe Launched by U.S Authorities

Posted: 24 Feb 2015 08:28 AM PST

The global FX rates manipulation investigations that forced major banks to settle with regulators for fines of $4.3 billion, have led to a new round of investigation in the U.S. into the setting of precious metals fixing.
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The post New Gold Price Manipulation Probe Launched by U.S Authorities appeared first on Forex Magnates.

IronFX Faces Cyprus Court Complaints by 160 Chinese Clients and IBs

Posted: 24 Feb 2015 08:20 AM PST

The spat with Chinese clients reaches the Limassol District Court. "Our success draws competitors' criticism, we aren't doing anything different from others," says IronFX CEO, dubbing the plaintiffs "abusive traders".
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The post IronFX Faces Cyprus Court Complaints by 160 Chinese Clients and IBs appeared first on Forex Magnates.

The Surprising Benefits of Meditation for Trading

Posted: 24 Feb 2015 07:48 AM PST

In today's unusual approach, our guest author introduces the correspondence between trading and meditation. How can you maximize your mind for trading? Find out here
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The post The Surprising Benefits of Meditation for Trading appeared first on Forex Magnates.

MarketCloud Partners with Hybrid Solutions to Host VertexFX Trading Platform on the Cloud

Posted: 24 Feb 2015 06:11 AM PST

The popular VertexFX platform, developed by Hybrid Solutions, will become accessible to global users as it signs a hosting agreement with Cyprus-based MarketCloud, thus reducing costs for traders.
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The post MarketCloud Partners with Hybrid Solutions to Host VertexFX Trading Platform on the Cloud appeared first on Forex Magnates.

[Snippet] FCA Warns Against IkonFX Group Clone Site, http://www.ikonfinance.uk.com

Posted: 24 Feb 2015 06:01 AM PST

Yellen’s Yell Influencing the Yen

Posted: 24 Feb 2015 05:33 AM PST

Janet Yellen's call for patience may not calm the USD/JPY for the new future. Find out what our guest blogger has to say whilst taking the charts into account.
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The post Yellen’s Yell Influencing the Yen appeared first on Forex Magnates.

Hello Markets to Launch New Security Measures for Its White Label Brands

Posted: 24 Feb 2015 05:07 AM PST

Only made available to the administrator of the website, Hello Markets says this will ensure a high level of security guaranteed to minimize any possible threat of unwarranted access to sensitive information.
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The post Hello Markets to Launch New Security Measures for Its White Label Brands appeared first on Forex Magnates.

NDF Traders to Benefit from Advanced Liquidity and Sophsiticated Order Book at SwapEx LLC

Posted: 24 Feb 2015 04:59 AM PST

Institutional currency traders dealing in non-deliverable forwards should take heed of new functionality on the SwapEx LLC Swap Execution Facility. The State Street owned firm enhances liquidity and order book capabilities.
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The post NDF Traders to Benefit from Advanced Liquidity and Sophsiticated Order Book at SwapEx LLC appeared first on Forex Magnates.

[Snippet] JP Morgan's Plus500 Shareholding Drops Below Significant 5% Level

Posted: 24 Feb 2015 03:02 AM PST

10% Decrease in Operating Revenues at Japanese Broker Monex in January

Posted: 24 Feb 2015 03:01 AM PST

Japanese broker-dealer, Monex, reported January operating metrics. The multi-asset provider saw operating revenues drop during the crisis-led month with an increase in financial expenses, adding to the firm's misery.
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The post 10% Decrease in Operating Revenues at Japanese Broker Monex in January appeared first on Forex Magnates.

[Snippet] Alpari RU Increases Domestic Payment Channels - Deploys Yandex

Posted: 24 Feb 2015 02:10 AM PST

[Snippet] ESMA Signs Co-operation with Japanese Regulator to Strengthen Central Clearing

Posted: 24 Feb 2015 01:30 AM PST

[Snippet] CFFEX Partners with Dubai Gold & Commodities Exchange via MoU

Posted: 23 Feb 2015 01:57 PM PST

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