Saturday, December 3, 2016

Deutsche Bank Offloading 3,400 Trading Clients to Help Stimulate Profits


Deutsche Bank Offloading 3,400 Trading Clients to Help Stimulate Profits


Posted: 02 Dec 2016 12:22 PM PST
Deutsche Bank has parted ways with 3,400 cost-intensive clients, part of its latest strategy to garner profits.
Posted: 02 Dec 2016 11:21 AM PST
The proposed capital requirements would vary depending on dynamic factors while also being administrable by CFTC.
Posted: 02 Dec 2016 10:52 AM PST
The SGX's latest volumes show a strong uptick in USD/CNH futures contracts MoM.

Friday, December 2, 2016

Citigroup Reasserting Itself in Debt Market After Meeting Regulatory Obligations

Citigroup Reasserting Itself in Debt Market After Meeting Regulatory Obligations


Citigroup Reasserting Itself in Debt Market After Meeting Regulatory Obligations

Posted: 02 Dec 2016 09:07 AM PST

Regulatory requirements in the US had forced Citigroup to rethink its debt strategy.

BNY Mellon Bolsters Board of Directors With Two Senior Additions

Posted: 02 Dec 2016 08:00 AM PST

Linda Cook and Jennifer Morgan have been elected to the group's Board of Directors.

MOEX Reports Mixed Volumes in November 2016, FX Slightly Down

Posted: 02 Dec 2016 07:43 AM PST

This MoM stagnation caused the FX market's average daily turnover to decrease by 6.6 billion or -0.53 percent .

Ralf Roth Joins Almax Analytics’ Advisory Board

Posted: 02 Dec 2016 07:36 AM PST

Mr. Roth lands at Almax Analytics, helping bring his expertise to its Advisory Board.

US FinTech Industry Hoping for Progress During Trump Presidency

Posted: 02 Dec 2016 06:45 AM PST

FinTech proponents are eying a Trump presidency as their opportunity to bridge the gap with regulation.

Julien Huston Returns to Credit Suisse Swaps National Bank of Abu Dhabi

Posted: 02 Dec 2016 06:40 AM PST

Before joining as Director of the NBAD in July 2014, Huston spent 4 years at Credit Suisse.

Chinese Investors, Huiyin Group, Create $20m Blockchain Venture Fund

Posted: 02 Dec 2016 05:53 AM PST

The Chinese VC fund has already took part in financing India's Unocoin bitcoin wallet and exchange.

RoboForex Introduces StrategyQuant Trading Robots Builder Solution

Posted: 02 Dec 2016 05:36 AM PST

RoboForex clients now have access to a builder of trading robots suitable for use by those new to algorithmic trading.

CME Group Discloses Record ADV of 20.9 Million Contracts in November 2016

Posted: 02 Dec 2016 05:23 AM PST

CME reported a record high in single-day volume with more than 44.5 million contracts traded on November 9, 2016.

EBS Forex Volumes Leap Amid US Election Volatility in November

Posted: 02 Dec 2016 03:56 AM PST

The metrics showed an outperformance in the FX volumes as markets reacted to volatility set off by the US election.

Wallets are Overrated and Norway’s Final Nail in the Coffin

Posted: 02 Dec 2016 03:50 AM PST

We wrap up another week with a selection of our editors' favourite stories and reading recommendations.

SFC and FINMA Sign MoU on Switzerland-Hong Kong Mutual Recognition of Funds

Posted: 02 Dec 2016 03:18 AM PST

The MoU will enable eligible funds to be distributed in each other's markets and allows for exchange of information.

Credit Scoring via Mobile Activity: A Game Changer for the Unbanked?

Posted: 02 Dec 2016 01:53 AM PST

Credit scoring through mobile-behavior analysis may be good news for the developing world and the financial industry.

MetaQuotes Updates Web Platform with Enhanced User Authentication

Posted: 02 Dec 2016 12:42 AM PST

MetaQuotes' MetaTrader 5 platform now offers improved protection of accounts against unauthorised access.

CWM’s Mastermind Anthony Constantinou Jailed for Sexual Assault

Posted: 02 Dec 2016 12:33 AM PST

Constantinou has been given a 12 month prison sentence for sexually assaulting two women.

Exclusive: Stockpair Partners With German Football Star Lothar Matthäus

Posted: 01 Dec 2016 11:40 PM PST

The former football player and coach is going to become the company's brand ambassador

Singapore’s MAS Bans Former Goldman Sachs Banker Amid 1MDB Scandal

Posted: 01 Dec 2016 11:30 PM PST

Tim Reissner is being punished by the Singapore authorities for breaches relating to his dealings with 1MDB.

Thursday, December 1, 2016

PIMCO Settles With SEC For $20m After Misleading Investors Over ETF

PIMCO Settles With SEC For $20m After Misleading Investors Over ETF


PIMCO Settles With SEC For $20m After Misleading Investors Over ETF

Posted: 01 Dec 2016 02:09 PM PST

PIMCO was on the hook for $20m to settle charges to the SEC after misleading investors over its ETF performance.

OANDA Corporation Altering Margins, Capping Leverage on Select FX Pairs

Posted: 01 Dec 2016 01:01 PM PST

Starting next week, OANDA will have several new margin requirements for major currency pairs.

XM.COM Raising Margins Ahead of Italian Referendum

Posted: 01 Dec 2016 11:48 AM PST

XM.COM is the latest broker to take precautionary steps ahead of this weekend, hiking EUR margin requirements.

Banco de México Governor Agustín Carstens Appointed as BIS General Manager

Posted: 01 Dec 2016 10:42 AM PST

Agustín Carstens held a variety of posts in the Banco de México in a career spanning over 20 years.

Interactive Brokers’ November Volumes Jump MoM, Accounts Reach New Highs

Posted: 01 Dec 2016 10:01 AM PST

Total accounts hit all time highs with November also bringing strong growth to its DARTs

European Commission Adopts Rules to Bolster Commodities Market Regulation

Posted: 01 Dec 2016 09:48 AM PST

The standards will strengthen the regulation of commodities markets and curb price speculation.

SIX Swiss Exchange Posts Solid Volumes in November 2016

Posted: 01 Dec 2016 09:28 AM PST

The Zurich-based bourse said that trading turnover at the exchange's venues was brisk in November.

FXSpotStream’s Volumes Record Fresh 2016 Highs in November

Posted: 01 Dec 2016 08:46 AM PST

FXSpotStream reported a 2016 best in its volumes, boosted by markets flush with volatility during November.

TMX Insights Partners with Velocity Trade, Enhancing FX, Equities Capabilities

Posted: 01 Dec 2016 08:14 AM PST

A new partnership will see Velocity Trade and TMX Insights bolster each others' analytics capabilities.

Plus500 Shares Dive 13%, Company Issues Clarification Statement

Posted: 01 Dec 2016 08:08 AM PST

Speculation about the company's use of bonus promotions and leverage in Europe is driving shares lower.

Deutsche Börse’s November Turnover Spikes on Heightened Volatility

Posted: 01 Dec 2016 07:35 AM PST

High volatility helped propel Deutsche Borse's turnover across the board in November.

Cryptographer Who Broke the NSA’s Secure Hash Algorithm Joins Symbiont

Posted: 01 Dec 2016 07:30 AM PST

Dr. Lisa Yin is the new Chief Security Officer and Chief Cryptographer of the smart securities blockchain developer Symbiont.

Yasin Qureshi’s Naga Group Launches Gaming Venture with Deutsche Börse

Posted: 01 Dec 2016 07:00 AM PST

Switex will provide the first global exchange for virtual gaming products.

US Court Rules Coinbase Exchange Must Surrender Bitcoin User Details to IRS

Posted: 01 Dec 2016 06:03 AM PST

Coinbase is still expected to fight the IRS' broad and overreaching demands in the American justice system.

Sapient Upgrades CMRS Platform to Support Israeli New Reporting Regulation

Posted: 01 Dec 2016 05:49 AM PST

CMRS enables firms to more efficiently meet their regulatory reporting commitments through an outsourced self-service.

Hyperledger Project Now Sports 100 Members, Growth in China

Posted: 01 Dec 2016 04:24 AM PST

Hyperledger members now come from all over the world: 25% from China, 14% from APAC, 20% from EMEA and 41% from the U.S.

Former CBOE Member Fined $21.8m for Fraudulent Activities in Ponzi Scheme

Posted: 01 Dec 2016 04:23 AM PST

Wilkinson fraudulently solicited $11 million from investors claiming he would trade financial instruments on their behalf.

OANDA Hires Neil McDonald as Global Head of Trading and Quantitative Analytics

Posted: 01 Dec 2016 03:55 AM PST

Neil held several executive management functions at Citadel, Morgan Stanley, Lehman Brothers, and Goldman Sachs.

The Cloud Attacks: E-Commerce and Geopolitical Hegemony

Posted: 01 Dec 2016 02:56 AM PST

Chinese e-commerce initiatives are coming soon to Latin and South America, the US back door.

enepath and Insightful Technology Team Up to Enhance Voice Trading Product

Posted: 01 Dec 2016 02:38 AM PST

Although a great deal of trading is now accomplished through electronic trading platforms, some phone trading persists.

Wednesday, November 30, 2016

Darwinex to Institute Margin Changes as Italian Referendum Looms

Darwinex to Institute Margin Changes as Italian Referendum Looms


Darwinex to Institute Margin Changes as Italian Referendum Looms

Posted: 30 Nov 2016 12:45 PM PST

Both new and existing positions at Darwinex are being affected for select instruments.

Ripple Secures Miguel Vias as its Head of XRP Markets

Posted: 30 Nov 2016 12:19 PM PST

Ripple's executive team continues to see changes heading into the New Year, with the group adding Miguel Vias.

Match-Trade Launches Ultra-Fast Data Feed for FX Brokers

Posted: 30 Nov 2016 10:41 AM PST

The new service will allow FX market participants access to fast and reliable sources of FX and CFD prices.

Former Citi-Executive John Macpherson Joins BMLL Technologies as CEO

Posted: 30 Nov 2016 10:35 AM PST

The former senior banker has landed at BMLL Technologies as its newest CEO.

Liquidnet Embraces Sell-Side as All-to-All Model Strengthens in Fixed Income

Posted: 30 Nov 2016 09:55 AM PST

The fixed income market is undergoing dramatic changes as the applicability of electronic trading remains limited.

FxPro Changing Margins Ahead of Italian Vote, Joining Growing List of Brokers

Posted: 30 Nov 2016 09:13 AM PST

Margin requirements are once again being changed in a bid to protect clients ahead of the Italian referendum.

Global Prime Partners Onoards Mike Ward to Head Business Development

Posted: 30 Nov 2016 08:13 AM PST

Ward has over 20 years' experience in the industry. Most recently, he was co-head of EMEA equities at Nomura.

Exclusive: Jacob Loveless Tapped as CEO of Edgemesh Corporation

Posted: 30 Nov 2016 08:12 AM PST

Mr. Loveless assumes a new senior role as he looks to bring his expertise to Edgemesh Corporation.

Portware Upgrades its Multi-Asset Execution Management System with Enhanced AI

Posted: 30 Nov 2016 07:18 AM PST

The company has continued innovation with AI-driven analytics and a new set of compliance tools.

SWIFT Inks MoU with Fox-IT, Combating Cyber Security Challenges

Posted: 30 Nov 2016 07:07 AM PST

Amidst a rise of cyber security threats in the industry, SWIFT has teamed up with Fox-IT.

Exposing the Potential for Binary Options in the Middle East and North Africa

Posted: 30 Nov 2016 06:54 AM PST

Binary options traders in the United Arab Emirates withdraw over eight times more money than those in Kuwait.

Playtech Completes Acquisition of CFH Group

Posted: 30 Nov 2016 06:32 AM PST

Following an earlier announcement this month, Playtech has completed its acquisition of CFH, securing a 70% stake.

CySEC Mandates Default Leverage 1:50 for Forex and CFDs, Kills Bonuses

Posted: 30 Nov 2016 05:09 AM PST

Companies will be able to offer higher leverage if their clients ask for it, suitability test required.

OPEC Woes Kept Hurting Market Sentiment

Posted: 30 Nov 2016 05:07 AM PST

Global oil producers meet in Vienna to take the historic step of cutting output for the first time in eight years.

Protrader Expands US Presence Through Integration with APEX Clearing

Posted: 30 Nov 2016 04:55 AM PST

Brokers, funds and prop trading firms can now access stocks and ETFs directly on US exchanges.

Blockchain Lobby Joins Hyperledger Project to Promote Pro-Growth Regulation

Posted: 30 Nov 2016 04:47 AM PST

"A pro-growth perspective towards regulation and industry standards are some of the biggest challenges the open source community faces."

OptionsCity Launches Mobile iOS Trading App

Posted: 30 Nov 2016 04:14 AM PST

CityTrader Mobile has all of the data quality, coverage, and reliability that global traders have come to expect.

IG Group Issues a Trading Update, Performance in Line With Expectations

Posted: 30 Nov 2016 02:58 AM PST

The first half of fiscal 2017 at IG is ongoing in line with expectations.

Saxo Bank Launches New Order Ticket for Multi-Legged Option Transactions

Posted: 30 Nov 2016 02:30 AM PST

This type of order is primarily used in multi-legged strategies, such as straddle and butterfly.

R3 Consortium Open-Sources its Corda Blockchain Platform

Posted: 30 Nov 2016 02:18 AM PST

By offering free access to its code, R3 is now matching the open source blockchain platform of IBM, Hyperledger fabric.

Tuesday, November 29, 2016

TraderTools Adds Erste Group Bank to its Liquidity Network

TraderTools Adds Erste Group Bank to its Liquidity Network


TraderTools Adds Erste Group Bank to its Liquidity Network

Posted: 29 Nov 2016 01:54 PM PST

Erste Group will help market a number of Eastern European currency pairs for TraderTools.

Quebec’s AMF Adds 13 Unauthorized Binary Options Websites to its Watch List

Posted: 29 Nov 2016 01:11 PM PST

Thirteen new websites have been added to the AMF's watch list of unauthorized binary options websites.

FXMars Pushes FIX API Splitter, Allowing For $100 Minimum Deposit Accounts

Posted: 29 Nov 2016 10:28 AM PST

FXMars has rolled out a new FIX API utility that circumvents steep minimum deposit requirements for brokers.

OSC Taps Philip Anisman and Frances Kordyback as its Newest Commissioners

Posted: 29 Nov 2016 09:39 AM PST

The mandate of the OSC is to provide protection to investors from unfair and fraudulent practices in Ontario.

Breaking: Teddy Sagi to Offload 10% of Playtech Shares

Posted: 29 Nov 2016 09:31 AM PST

The Israeli billionaire sells a big portion of his shares in the company that he founded

Stefan Wieler Joins Goldmoney’s Board of Directors

Posted: 29 Nov 2016 09:15 AM PST

Wieler has served as VP of Research for Goldmoney since September 2015.

Trading Strategy: COT Report Analysis

Posted: 29 Nov 2016 09:00 AM PST

A detailed analysis of the Swiss franc futures market, offering strategies which traders may find useful.

Hackers Demand that Valartis Bank Customers Pay Bitcoin Ransom

Posted: 29 Nov 2016 08:18 AM PST

The blackmailers are obviously acting on the presumption that such high-profile customers have something to hide.

Stockholm Lays Framework for New FinTech Hub, Targeting Q1 Launch

Posted: 29 Nov 2016 08:09 AM PST

With nearly 1/5 of the fintech investment share in Europe, Stockholm is creating a new hub for startups.

Paxos Adds Former NYSE CEO Duncan Niederauer to its Board of Directors

Posted: 29 Nov 2016 07:46 AM PST

Mr. Niederauer joins Paxos' board as its latest veteran addition.

Admiral Markets Alters Margins Ahead of Italian Referendum

Posted: 29 Nov 2016 07:04 AM PST

With the Italian referendum scheduled for December 4th, multiple brokers are already implementing precautions.

The 4 Biggest Misconceptions Binary Forex Brokers Have about Affiliate Marketing

Posted: 29 Nov 2016 06:00 AM PST

Overcome the misconceptions and affiliate marketing can become even more productive for your company.

Bundesbank and Deutsche Börse Test Blockchain for Securities Settlement

Posted: 29 Nov 2016 05:27 AM PST

The German central bank and the largest German stock exchange are jointly developing a blockchain solution.

StormHarbour Appoints Four Square’s Paul Martin to Set Up Loan Franchise

Posted: 29 Nov 2016 05:23 AM PST

Martin is an established market professional in the European Fixed Income and leveraged loan space.

Alpari Obtains Russian Regulatory License, SRO Approval Still Pending

Posted: 29 Nov 2016 05:00 AM PST

The company needs to be a member of a central bank licensed self-regulatory organization to operate in Russia

How Should Brokers React to a (Possible) European Ban on FX and CFDs?

Posted: 29 Nov 2016 04:53 AM PST

By implementing a multi-asset platform, a broker can be prepared for whatever outcomes the future brings.

FXStreet Launches ‘Follow’ Feature to Let Authors Connect with Fans

Posted: 29 Nov 2016 04:15 AM PST

FXStreet's 'follow' button lets readers stay abreast of an author's latest activity.

Calypso Testing Blockchain for Multi-Party Trade Confirmation with R3

Posted: 29 Nov 2016 04:12 AM PST

This is one of the first real integrations between the blockchain consortium and an established financial software vendor.

AFEX Onboards HSBC’s Ramnath Ramhit as Head of Integrated Solutions

Posted: 29 Nov 2016 03:57 AM PST

Ramhit joins the company with over 25 years of experience in the corporate foreign exchange industry.

Analysis: Binary Options Industry Contributes $1.25b To Israeli Economy

Posted: 29 Nov 2016 03:44 AM PST

Exclusive research from Finance Magnates shows how much Israel stands to lose by cutting off the binary options industry.

Monday, November 28, 2016

Thomson Reuters Deploys Dorsey, Wright & Associates’ Portfolio Suite

Thomson Reuters Deploys Dorsey, Wright & Associates’ Portfolio Suite


Thomson Reuters Deploys Dorsey, Wright & Associates’ Portfolio Suite

Posted: 28 Nov 2016 11:28 AM PST

Thomson Reuters will integrate DWA's portfolio management solutions, affecting clients on its One Wealth platform.

Exclusive – Forte Securities Strengthens FX EM Sales Team, Adding Dan Hanson

Posted: 28 Nov 2016 09:50 AM PST

Mr. Hanson joins Forte Securities from Citibank, having focused on the FX and EM options space.

ISDA, IHS Markit Unveil New Variation Protocol Ahead of 2017 Regulation

Posted: 28 Nov 2016 08:57 AM PST

ISDA Amend helps streamline and automate the process for amending existing collateral documents.

BTIG Onboards Chris Amato as Head of ADR Conversion Trading

Posted: 28 Nov 2016 08:29 AM PST

Amato will play a key role in strengthening the firm's ADR conversion capabilities and expanding its offerings.

JPMorgan Adds Robert Chambers to its FIG Syndicate, Succeeding Alaoui Zenere

Posted: 28 Nov 2016 08:08 AM PST

Chambers joins JPMorgan from Credit Suisse, helping fill a void in its FIG unit.

FXPRIMUS Strengthens Client Fund Security With Coverage Up to €2.5m

Posted: 28 Nov 2016 07:09 AM PST

FXPRIMUS is taking unprecedented steps to safeguard its clients with protection up to €2.5 million.

Barclays Offloads its Wealth and Investment Management Business in Asia

Posted: 28 Nov 2016 06:35 AM PST

Barclays has sold off its WIM business in Asia though it still retains a sizable presence in the region.

Bank of Israel Regulation for Shekel Derivatives Commences in January 2017

Posted: 28 Nov 2016 05:58 AM PST

Reporting obligations apply to all financial entities that trade shekel derivatives.

Boat Boosts Team with the Addition of Carl Nilsen as Director of Sales

Posted: 28 Nov 2016 05:40 AM PST

Nilsen has joined the company to develop its growing regtech business, focusing on MiFID II transparency.

Saxo Capital Markets Appoints Former GKFX Senior Exec as CFO

Posted: 28 Nov 2016 05:21 AM PST

After a little over a year at London-based GKFX, Diya Patel joins Saxo Capital Markets in September.

The Code of Endless Possibilities: HR Trends in the Fintech Industry

Posted: 28 Nov 2016 05:04 AM PST

Searching for the right industry in the financial technology space, the blockchain seems to be the most promising niche.

Spain’s CNMV Adds Forex Broker Banco CFD to its Warning List

Posted: 28 Nov 2016 04:55 AM PST

The watchdog has cautioned investors about another forex broker for unlawfully soliciting its services.

Gold Plunges Back Towards Multi-Month Lows

Posted: 28 Nov 2016 04:38 AM PST

Without a lowering of inflation, the precious metal is unlikely to notch any lasting gains.

iSignthis Partners With Leverate to Integrate Paydentity Solution

Posted: 28 Nov 2016 04:00 AM PST

Leverate will benefit from faster, automated customer onboarding and enhanced due diligence.

Trade Ideas This Week: GBP/USD, AUD/USD and S&P500 Index

Posted: 28 Nov 2016 03:29 AM PST

In-depth trade analysis from expert Nial Fuller.

Lisk Establishes a New Community Fund to Strengthen Ecosystem

Posted: 28 Nov 2016 03:24 AM PST

The new community fund is just one part of a tri-pronged push to secure the development of Lisk.

Standard Chartered to Cut Corporate and Institutional Jobs by 10 Percent

Posted: 28 Nov 2016 03:22 AM PST

The latest job cuts are intended to boost profitability and improve the efficiency of the division.

India’s Unocoin Releases New Bitcoin Trading App for Mobile Devices

Posted: 28 Nov 2016 01:17 AM PST

The new Unocoin wallet app allows users to buy and sell Bitcoin in exchange for Indian rupees.

Credit Suisse Banker Faces Jail for Alleged Violations of Fiduciary Duties

Posted: 28 Nov 2016 12:26 AM PST

Credit Suisse is reported to have earned around $79 million in commissions from the transactions.

Don Wilson’s DRW to Face CFTC in Court Showdown over Market Manipulation

Posted: 27 Nov 2016 11:48 PM PST

DRW is set to testify in court this Thursday after rigging prices of an interest-rate futures contract listed by Nasdaq.