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.

Sunday, November 27, 2016

Binary Options Providers Crossing Over to FX and CFDs – Best of the Week

Binary Options Providers Crossing Over to FX and CFDs – Best of the Week


Binary Options Providers Crossing Over to FX and CFDs – Best of the Week

Posted: 27 Nov 2016 01:00 AM PST

SpotOption and 24option are among the companies that appeared in last week's top stories.

Trading Places: GTX Secures New Leadership, Retail FX Space Sees Hires

Posted: 27 Nov 2016 12:21 AM PST

Check out the latest executive moves from around the industry from last week.

Friday, November 25, 2016

Borsa İstanbul Inks MoU With Islamic Development Bank

Borsa İstanbul Inks MoU With Islamic Development Bank


Borsa İstanbul Inks MoU With Islamic Development Bank

Posted: 25 Nov 2016 12:53 PM PST

The Borsa looks shore up regional cooperation, with Turkey playing a paramount role in finance in the Middle East.

Trump to Make Greek Banks Great Again – Piraeus Bank Chairman

Posted: 25 Nov 2016 10:38 AM PST

The Greek banking sector is hoping a Trump victory in the US sparks a new chapter of global economic growth.

CME Group Strikes New Daily Record Open Interest Amidst Shortened Trading Week

Posted: 25 Nov 2016 10:22 AM PST

November 23rd saw a record open interest volume at CME Group, beating an earlier record set this week.

Canadian Regulator OSC Warns Against Zurich Prime

Posted: 25 Nov 2016 10:11 AM PST

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

Lloyds Elevates James Garvey as its Head of Commercial Banking Markets

Posted: 25 Nov 2016 08:30 AM PST

New ring fencing rules in the UK have prompted a change at Lloyds to merge its capital and financial markets units.

Alpari Reports Consistent Trading Volumes in October

Posted: 25 Nov 2016 08:29 AM PST

The brokerage has been reporting consistent figures throughout the year into the key volatility month of the year

MetaQuotes Unveils Latest MT5 Build, Retooling Graphics Interface

Posted: 25 Nov 2016 07:42 AM PST

MetaQuotes has released a new build for its MT5 platform, with new features to hedging mode and other graphics

Stripe Secures $150M in Latest Funding Round, Valuation Swells to $9B

Posted: 25 Nov 2016 06:41 AM PST

Flush with new cash, Stripe is eying new acquisitions and growth after reaching a $9B valuation.

Thanksgiving Of The US Dollar

Posted: 25 Nov 2016 06:12 AM PST

Even with less active market, the greenback witnessed bit of pullback with the rise in AUD and NZD.

The IRS Must Adapt to Cryptocurrency Not Accuse Bitcoin Users of Tax Avoidance

Posted: 25 Nov 2016 05:26 AM PST

In light of the Coinbase case, expert Perry Woodin explains how the American tax system needs to deal with Bitcoin.

Wells Fargo Tries to Enforce Mandatory Arbitration in Phony Accounts Litigation

Posted: 25 Nov 2016 04:20 AM PST

Wells Fargo tries to make use of fine print in account-opening contracts that bars unsatisfied customers from suing.

Shenzhen-Hong Kong Stock Connect Set for December Launch

Posted: 25 Nov 2016 04:20 AM PST

Trading through Shenzhen-Hong Kong Stock Connect will commence on 5 December 2016.

Exclusive: Saxo Bank Wins Swiss Franc Dispute Case in Danish Commercial Court

Posted: 25 Nov 2016 02:21 AM PST

The ruling by the Danish court sets an EU-wide precedent on Saxo Bank's good will handling of the SNB crisis

The Digital Underground Lives On….and The Universe Just Got Bigger

Posted: 25 Nov 2016 01:59 AM PST

Our editors choose their favourite stories and reading recommendations of the past week.

Senegal to Introduce Blockchain-based Currency to West Africa, eCFA

Posted: 25 Nov 2016 01:14 AM PST

eCFA will expand beyond Senegal in a second phase to Cote d'Ivoire, Benin, Burkina Faso, Mali, Niger, Togo and Guinea-Bissau.

Trader’s Timeout: Gold Plunges to More than Nine-Month Lows

Posted: 25 Nov 2016 12:24 AM PST

Gold has been on a downward spiral since the US elections leading investors to turn bullish on the US economy.

Bloomberg Forum Reveals Challenges and Trends Faced by Chinese Hedge Funds

Posted: 25 Nov 2016 12:02 AM PST

Leading Chinese hedge funds recently gathered to discuss the latest trends and strategies in the financial markets.

Exclusive: Anet Azrielant Joins FXGlobe as Chief Operating Officer

Posted: 24 Nov 2016 10:29 PM PST

Former easyMarkets executive, Anet Azrielant had joined the brokerage as Chief Operating Officer.

Thursday, November 24, 2016

UK Government Commits to £500,000 A Year Investment into Fintech

UK Government Commits to £500,000 A Year Investment into Fintech


UK Government Commits to £500,000 A Year Investment into Fintech

Posted: 24 Nov 2016 01:26 PM PST

The UK government has pledged to boost the UK fintech industry with a yearly cash injection.

Financial Commission Certifies Tradency’s RoboX

Posted: 24 Nov 2016 11:34 AM PST

Tradency has become the Financial Commission's latest approved provider.

Sucden Financial Hires Noel Singh from Dutch Bank ABN Amro

Posted: 24 Nov 2016 10:52 AM PST

The former Product Manager of FX Clearing at Dutch bank ABM Amro is joining as Head of e-FX development

ASIC Broadens Investigation into TitanTrade’s Business Associates

Posted: 24 Nov 2016 10:50 AM PST

ASIC is currently investigating the website, persons and entities associated with the international boiler room.

Saudi Hollandi Bank Rebrands as Alawwal, Hires EX-RBS Banker as Managing Director

Posted: 24 Nov 2016 08:55 AM PST

Saudi Arabia's oldest lender has given a timeframe for its rebranding to Alawwal Bank, meaning "The First" in Arabic.

BlackPearlFX Stengthens Its Marketing Team with Mehreen Khan

Posted: 24 Nov 2016 08:49 AM PST

Khan will boost the broker's marketing efforts focusing on online marketing, social media and campaign management.

Deutsche Bank Switzerland Adds Peter Hinder as New CEO

Posted: 24 Nov 2016 07:49 AM PST

Hinder will head up the bank's operations in Switzerland and its European wealth management business.

Jason Granger and Charlie Shrem Set to Launch Private Equity Investment Fund

Posted: 24 Nov 2016 07:39 AM PST

A new venture by noted Bitcoin thought leaders is bringing private equity investment on to Blockchain.

Gaitame Reports a Slump in October Trading Volumes

Posted: 24 Nov 2016 07:02 AM PST

The Japanese brokerage has reported lower trading volumes MoM although the number of new accounts increased.

China Securities Finance Launches $1.1 Hong Kong IPO Next Monday

Posted: 24 Nov 2016 06:06 AM PST

CSF said it plans to issue 1.13 billion shares priced between HK$6.36 to HK$7.26 (US$ 0.81 and US$0.93) each.

John Reed Becomes Non-Executive Chairman of ActivTrades

Posted: 24 Nov 2016 05:16 AM PST

The financial industry veteran adds another non-executive director position to his career portfolio.

CySEC Temporarily Suspends CIF License of FXFINPRO Capital

Posted: 24 Nov 2016 04:52 AM PST

FXFINPRO has to upload notices regarding the suspension of its license onto its sites, though the company has yet to comply.

FCA Exposes Clone Broker Janus Options for Using Authorised Firm’s Details

Posted: 24 Nov 2016 03:16 AM PST

Janus Options is clearly banking on attracting newbie investors who are not aware of the existence of regulatory registers.

As Morgan Stanley Leaves R3 Questions Arise about its Value and Commerciality

Posted: 24 Nov 2016 03:11 AM PST

A blockchain expert explains why major banks might have decided to bail out on the R3 consortium.

Swift is Not “a Legacy Incumbent that will be Doomed” by Blockchain

Posted: 24 Nov 2016 02:02 AM PST

Swift will use its connections to make sure it's not bypassed in the transition to blockchain-based bank wire transfers.

AvaTrade Taps Alfonso Franco as Marketing Director of Spain

Posted: 24 Nov 2016 01:56 AM PST

Prior to joining AvaTrade, Mr. Franco spent more than five years as the Director of Spain at Admiral Markets Group.

Bitcoin Hardware Wallet KeepKey Adds Ethereum Support

Posted: 24 Nov 2016 12:33 AM PST

Cryptocurrency hardware wallet KeepKey will now support Bitcoin, Litecoin, Dogecoin and Ethereum on one single device.

Could OPEC Push Oil Back to $90? What Do the Charts Say?

Posted: 24 Nov 2016 12:32 AM PST

It looks like the oil market could be in for a good time in 2017.