Friday, March 13, 2015

BATS Keen to Positively Influence Global FX Markets – Completes Hotspot Deal

BATS Keen to Positively Influence Global FX Markets – Completes Hotspot Deal


BATS Keen to Positively Influence Global FX Markets – Completes Hotspot Deal

Posted: 13 Mar 2015 05:21 PM PDT

International equities and options exchange, BATS, completes the acquisition of HotSpot as it enters the forex markets. The firm acquired KCG's FX unit for over $360 million.
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Banks Under Investigation for FX Rates Manipulation Could Face $1 Billion Fines from the US

Posted: 13 Mar 2015 03:04 PM PDT

The US federal executive legal department, the US Justice Department, is believed to be probing around the $1 billion mark for monetary fines it issues to banks found guilty of their involvement in the currency manipulation cases, according to Bloomberg …
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Swiss Banking Giant UBS Settles $135 Million with US Law Firm Hausfeld in FX Fixing Litigation

Posted: 13 Mar 2015 02:04 PM PDT

UBS is the latest bank to settle in the troublesome forex manipulation cases. Hausfeld, a US-based law firm issued a note reporting a settlement with the bank for $135 million, adding that the bank would help in the case.
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The Votes Are In: Alpari UK Concludes Initial Resolution Meeting

Posted: 13 Mar 2015 12:37 PM PDT

Alpari UK clients and creditors had the opportunity to vote on a number of initiatives on Thursday, voting in favor of resolutions for the approval of joint Special Administrators proposals and the formation of a creditors' committee.
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February Binary Options and Foreign Exchange Volumes in Japan Down

Posted: 13 Mar 2015 10:56 AM PDT

The monthly data which the Financial Futures Association of Japan publishes about volumes across the foreign exchange industry is out, confirming the broard trend which has already been identified from reporting companies. Arguably, the only surprise comes from the binary …
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Now You See Me, Now You Don’t: CHF Erases 85% of Everest Capital Funds

Posted: 13 Mar 2015 10:45 AM PDT

The recently besieged Everest Capital is closing down six of its seven funds and relinquishing capital to investors after the Swiss franc effectively toppled the group's core funds in a snap Swiss National Bank (SNB) move. Back in January, Forex …
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Intercontinental Exchange Strikes New Record USD Index Volume

Posted: 13 Mar 2015 10:24 AM PDT

The Intercontinental Exchange (NYSE: ICE) has reported a new record daily trading volumes on the US dollar index – the back-to-back records over the past few days reinforces substantial U.S. dollar volatility as the U.S. dollar index (USDX) is near …
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No Bids for Alpari Japan as 4,500 Alpari UK Clients Register Claims

Posted: 13 Mar 2015 08:04 AM PDT

Just a little over 13,000 clients are entitled to claims over $100, with the biggest 126 customers of Alpari looking to receive close to $50 million as KPMG announced that it had received no offers for Alpari Japan.
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Fraudsters Reach New Depths, Conjuring up Fake Monetary Authority

Posted: 13 Mar 2015 07:42 AM PDT

The Financial Services and Markets Authority (FSMA) has issued a warning to the public against the activities of the fictitious monetary authority, the European Commodities Commission (ECC), according to an FSMA statement. Warnings such as this are commonplace for clones …
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E*TRADE Financial Reports February 2015 Metrics, DARTs Rise Steadily

Posted: 13 Mar 2015 07:25 AM PDT

E*TRADE Financial Corporation (NASDAQ:ETFC) has reported its trading activity report for the month ending February 2015, which witnessed a 3.7% MoM increase in DARTs, according to an E*TRADE statement. E*TRADE saw its equities and DARTS activity rise last month to the …
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Leading ETP Providers Implement Joint Initiative On Short & Leveraged ETP

Posted: 13 Mar 2015 06:08 AM PDT

Boost ETP, a WisdomTree Company, ETF Securities and Société Générale have jointly implemented a consolidated ETP industry initiative in a bid to expand educational provisions on the benefits of Short & Leveraged Exchange Traded Products (S&L ETPs), according to an …
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ASIC Clarifies Requisites for Financial Service Providers, Outlines 2015 Risks

Posted: 13 Mar 2015 05:29 AM PDT

The Australian Securities and Investments Commission (ASIC) on behalf of Commissioner Greg Tanzer, gave a recent speech at Sydney's Macquarie University, outlining possible risks for the industry in 2015. Roughly one month ago, ASIC amended the Derivative Transaction Rules and …
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FXCM Inc Conference Call Review: Huge Business Shakeup Coming

Posted: 13 Mar 2015 05:09 AM PDT

The company's CEO Drew Niv highlighted in the conference call after the FXCM Inc earnings report yesterday that the firm intended to repay its loan to Leucadia National by the end of 2015 primary through assets sales.
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Will the FED Be the Final Nail in This Dollar Rally?

Posted: 13 Mar 2015 04:00 AM PDT

This may be the end of the dollar rally trend, at least experience has proven that in history when journalists and economists are going the same trend.
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[Snippet] Hong Kong Futures Exchange Limited Suspending Gold Futures Trading

Posted: 13 Mar 2015 03:40 AM PDT

Compagnie Financière Tradition Bottom Line up 82%, Dividend Adjusted

Posted: 13 Mar 2015 01:31 AM PDT

One off costs and cost cutting efforts at Compagnie Financière Tradition have led to better margins for the Swiss company focused on its electronic trading platforms, Trad-X and ParFX, making the firm increase dividends.
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The post Compagnie Financière Tradition Bottom Line up 82%, Dividend Adjusted appeared first on Forex Magnates.

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