Tuesday, February 10, 2015

Former ConvergEx CEO Craig Lax Settles with the SEC for $783,000

Former ConvergEx CEO Craig Lax Settles with the SEC for $783,000


Former ConvergEx CEO Craig Lax Settles with the SEC for $783,000

Posted: 10 Feb 2015 04:21 PM PST

The former chief executive of the U.S. brokerage has admitted wrongdoing and settled with authorities as under his tenure, the company has mislead investors to get charged substantially above stated commissions.
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Whanternational Investors Reduce Investments in Hedge Funds – AUM Drops by $29.1B

Posted: 10 Feb 2015 03:48 PM PST

Hedge funds ended 2014 on a low according to research carried out by BarclayHedge and TrimTabs Investment Research. Figures dropped on a month-over-month basis in December with AUM reducing by $29.1 billion, or 1.2%. The move shows that investors looked …
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Commodities Corner (Part 4): Coffee – The Drinkable Petroleum

Posted: 10 Feb 2015 12:35 PM PST

Coffee is one of the world's most traded commodity, but how does it react when farm yields are low? Read what our guest blogger has to say.
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NCDEX Deploys LSE’s MilleniumIT Trading & Surveillance System

Posted: 10 Feb 2015 12:33 PM PST

Indian-based NCDEX, a commodity derivatives exchange, will enhances its trading solutions as it enters the world of low-latency trading. The venue will co-operate with the LSE's technology division for its MilleniumIT terminal.
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HSBC: Out of the Pan, into the Fire

Posted: 10 Feb 2015 12:21 PM PST

While the data has been in the hands of tax officials around the world since May 2010, only now, after a flurry of press attention, are regulators being moved to act.
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ORE Launches Over-the-Counter WTI Crude Oil Options End-User Solution

Posted: 10 Feb 2015 11:13 AM PST

Expanding on the trading opportunities which firms can offer to retail traders, the firm brings a new dynamic to trading, providing an opportunity to bet on volatility instead of the direction of oil markets.
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[Snippet] NFA Enhances Commodity Pool Operators' Reporting System on EasyFile

Posted: 10 Feb 2015 09:48 AM PST

Gold – Corrective Price Action Pullback Plus Weak Bounce (4 Hour Chart)

Posted: 10 Feb 2015 08:07 AM PST

In this week' s guest blog post by Chris Capre we can find out what his thoughts are on gold and were it is trending towards.
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Life.SREDA VC Issues Top 10 Fintech Trends and Predictions for 2015 in Annual Report

Posted: 10 Feb 2015 08:00 AM PST

Headquarted in Moscow, Life.SREDA is a venture capital firm focused on mobile and online fintech startups with notable investments in Fidor Bank and Simple and has issued its 2014 sector report.
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GAIN Capital Holdings Reports Record Retail Trading Volumes in January

Posted: 10 Feb 2015 06:51 AM PST

GAIN Capital Holdings, Inc. (NYSE: GCAP) has announced its monthly trading volumes metrics for the month of January revealing a record setting month in January. The retail trading volumes segment of the company’s report has set a new record high …
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Kantox Surpasses $1 Billion in FX Transactions as Clients Attracted to Low Cost P2P Model

Posted: 10 Feb 2015 06:05 AM PST

Launched in 2011, and having received over $10 million in funding since its launch, Kantox announced that it has reached the $1 billion milestone for FX transactions taking place on its P2P platform.
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Southeast Asia-Focused FXPRIMUS Confirms Deal to Sponsor Melbourne City FC

Posted: 10 Feb 2015 05:46 AM PST

Sporting sponsorships continue to be one of the ways to build a stronger brand for foreign exchange brokers with FXPRIMUS becoming the latest to join an ever-growing number of soccer partnerships.
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UBS Financial Statement: No Losses from Black Thursday but FX Margins Contract in Q4

Posted: 10 Feb 2015 05:01 AM PST

In its Q4 financial statement, UBS revealed that FX trading revenues remained flat with Q3 levels even as client trading activity increased during the quarter, signalling a drop in margins.
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Breaking the 3rd DXY – Wave

Posted: 10 Feb 2015 04:07 AM PST

Our weekly guest blogger briefs us that according to the Elliott wave principle the fourth wave of the DXY is already in progress and therefore is leaving the 3rd wave behind. Find out here more.
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FX Investigations Move to Algorithms as NYDFS Monitors Deutsche’s Autobahn Platform

Posted: 10 Feb 2015 03:41 AM PST

According to a report from Reuters, the NYDFS has placed monitors in Deutsche Bank's Autobahn electronic trading platform to analyze algorithms used for executions and pricing of FX trades.
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Global Futures Exchange Settles with NFA for $65,000

Posted: 10 Feb 2015 02:36 AM PST

Global Futures settles with the NFA in a case about "failure to maintain complete and accurate financial records, prepare accurate net capital computations, and comply with the equity withdrawal restriction."
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Q3 ICAP Trading Statement: EBS Hot, Global Broking Not, with Group Revenues down 1%

Posted: 10 Feb 2015 01:53 AM PST

A return of FX volatility helped lead revenues higher at ICAP's EBS unit. But, declines in its Global Broking unit led the interdealer to experience a minor decline in Q3 revenues.
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The post Q3 ICAP Trading Statement: EBS Hot, Global Broking Not, with Group Revenues down 1% appeared first on Forex Magnates.

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