Thursday, March 19, 2015

BNY Mellon Pays $714 Million to Settle FX-Related Charges

BNY Mellon Pays $714 Million to Settle FX-Related Charges


BNY Mellon Pays $714 Million to Settle FX-Related Charges

Posted: 19 Mar 2015 04:41 PM PDT

The Bank of New York (BNY) Mellon Corporation (NYSE: BK) has reached a point of financial reconciliation with US authorities, agreeing to pay a total of $714 million for FX-related transgressions, according to a BNY statement. Less than one month …
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[Snippet] CFTC Permits Regulated Hong Kong Brokers to Deal Directly with U.S. Clients

Posted: 19 Mar 2015 04:18 PM PDT

GFI Group Delists, Deregisters Common Stock Following Tender Deal

Posted: 19 Mar 2015 03:49 PM PDT

GFI Group (NYSE: GFIG), fresh off its recent majority transfer of shares to BGC Partners, has opted to voluntarily delist and deregister its common stock from the New York Stock Exchange (NYSE), according to a GFI statement. Late last month, …
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Alpari Russia Scraps CFDs Offering Citing Low Demand

Posted: 19 Mar 2015 01:55 PM PDT

Brent and WTI crude oil contracts are remaining active due to their popularity on the Russian market as Alpari might be preparing to face regulatory challenges related to offering CFD products in Russia.
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Equinix Taps Singapore for APAC Data Capabilities, Launching SG3

Posted: 19 Mar 2015 01:29 PM PDT

Equinix, Inc. (Nasdaq: EQIX), an interconnection and data center company, has launched its third installment of its International Business Exchange (IBX) data center, colloquially known as SG3, centered strategically in Singapore, according to an Equinix statement. The move follows on …
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US Dollar Is on the Brink

Posted: 19 Mar 2015 11:55 AM PDT

  ABOUT THE AUTHOR: Ville Vainio is an Elliott Wave Analyst, director and sole proprietor of vivaico ltd., a Finland-based market forecasting company specializing in the forex market.       EUR/USD The US dollar has been on a spectacular bull market …
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Peak Oil Mirage Is Evaporating as U.S Production to Last Generations

Posted: 19 Mar 2015 11:25 AM PDT

David Bernal, Senior Solutions Manager for Allegro Development: "There seems to be no end to the amount of oil and gas embedded in the Earth's crust and no end to humanity's ingenuity in finding ways to extract it."
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U.S Oversupply, OPEC Aggressiveness and Iranian Nuke Deal Driving Oil Down

Posted: 19 Mar 2015 10:18 AM PDT

U.S. production also increased for the sixth consecutive week showing that despite the hype around the fracking boom, the real capability of the American energy industry is yet to be taken fully into account by the market.
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ADS Securities Sponsoring Formula Renault Swiss Driver in 2015

Posted: 19 Mar 2015 08:30 AM PDT

Abu Dhabi-based brokerage, ADS Securities, has announced that it will be sponsoring Swiss racing driver Louis Delétraz in his driving at the Formula Renault 2.0 Northern European Cup throughout 2015.
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R3 Analytics Launches Freemium Risk Management with FX Data Lab

Posted: 19 Mar 2015 08:18 AM PDT

R3 Analytics launches a freemium version of their risk management reporting called FX Data Lab for MetaTrader 4 brokers to analyze their client risk flow to assist in optimizing their hedging strategies.
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[Snippet] Stephen Leahy Named Chief Operating Officer at FXPrimus

Posted: 19 Mar 2015 08:00 AM PDT

The Pound Maybe Knocked down but It’s Not Out

Posted: 19 Mar 2015 07:43 AM PDT

The average weekly earnings disappointed with a second consecutive monthly decline excluding bonus to 1.6% in January. This highlights, like in the US, that wage growth remains subdued.
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Reviewing Saxo Bank’s 2014 Annual Report

Posted: 19 Mar 2015 07:34 AM PDT

Along with their financial figures, Saxo Bank issued its 2014 Annual Report yesterday. Forex Magnates takes a closer look for additional details about the broker's operations last year.
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European Regulators Focus on Automated Trading Ahead of MiFID II

Posted: 19 Mar 2015 06:03 AM PDT

The majority of EU regulators have integrated the European Securities and Markets Authority guidelines into their supervisory methods and increased their level of supervision over automated trading activity.
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Citibank Sues Two Traders for $25 Million over SNB Flash Crash Losses

Posted: 19 Mar 2015 03:46 AM PDT

In contradiction to most of the retail FX trading world where brokers decided to "forgive" negative balances caused by the CHF crisis, Citibank is going after traders who did not have enough collateral at margin call.
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