Brokers News, Page 15

  • Plus500- Statement on Swiss Franc Movement

    Plus500 Ltd., a leading online service provider for retail customers to trade CFDs internationally, notes the exceptional movement in the value of the Swiss Franc today and is pleased to confirm to the market that this has had no material impact on the Company’s financial and trading position. The Company is

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  • IronFX- Statement on Swiss Franc Movement

    16 January 2015. Following yesterday’s exceptional market events due to the Swiss National Bank’s abandonment of its EURCHF floor, many brokers have experienced major losses in their trading book.IronFX Global Limited was not affected by these events due to our strong risk management systems and procedures and we continue complying

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  • Business as Usual at MARKETS.COM

    Markets.com, one of the world’s leading retail FX & CFD brokers commented on yesterday’s extreme volatility in Swiss Franc trading. Following a surprise move by the Swiss National Bank, the Swiss Franc experienced extreme volatility, not seen in the markets in many years.Markets.com is pleased to announce that this extreme

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  • MOEX & GAIN Capital’s December Trading Metrics Released

    Moscow Exchange reported a 31 percent increase in total FX volume in December from a month earlier, with trades totaling 25.6 trillion rubles, up from 18.7 trillion in November. This translates to an average daily volume of 1,164.1 billion rubles.Turnover in the Derivatives Market surged 137 percent to 8.5 trillion

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  • FXCM Israel Hires New Chamber Trading Head; Other FX Appointments

    FXCM Israel has appointed Itzik Noy as the Chamber Trading Head as it seeks to replace Tal Zohar, who unexpectedly left in October.Mr. Noy’s predecessor, Mr. Zohar joined IG Group in an executive role. As the new Chamber Trading Head, Noy is expected to help grow the company’s footprint in

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  • Intercontinental Exchange Posts Lower Trading Volumes in November

    The Intercontinental Exchange on Wednesday released its trading metrics for the month of November, showing a decline in trading volumes in the Forex sector.On a month-on-month basis, the volumes fell; but they increased on a year-on-year comparison.The total average daily volume (ADV) was 42,000 contracts in November, down from 44,000

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  • Moscow Exchange & EXNESS Announce Lower Trading Volumes in November

    Moscow Exchange saw its foreign exchange volumes decline in November, with 18.7 trillion trades that included swap trades amounting to 11.8 trillion rubles and spot trades valued at 18.7 trillion, compared with October’s volumes of 21.7 trillion rublesThis translates into an average daily volume of 986.6 billion (USD 21.5 billion),

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  • Former ICAP Futures Head Appointed at ED&F, Alpari UK Releases Metrics

    Gary Pettit, the former Global Head of Financial Futures and Options at ICAP, has been appointed at UK brokerage ED&F Man after he left ICAP in mid-October.Pettit was one of those affected by a restructuring program at ICAP that saw him leave his position that he had held since December

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  • FX Executive Moves: Citi Dismisses FX Head, EBS Hires Industry Veteran

    Longtime FX industry veteran, Bill Marsden has reportedly joined EBS as its newest G10 Currencies Head, who will be based out of London where he will be tasked with the development and growth of G10 currencies market share across all EBS’ platforms.In his new role as the G10 Currencies Head

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  • US Retail FX Client Assets Continue Declining Despite Record Volumes

    U.S. retail FX client assets fell, despite record-breaking global FX trading volumes in September. The industry is also getting more concentrated.Following a surprise increase of 7 percent ($41 million) in July, client assets supervised by registered U.S. retail FX brokers declined 2 percent (or $12.6 million) in September. This was

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  • FX News Roundup: Admiral Markets Introduces MT5 in U.K., FXCM Ends Affiliate Program

    As it seeks to consolidate its foothold in the U.K. market, Admiral Markets on Monday launched its live MetaTrader 5 service. This is in line with its goal of providing trading platforms for various audiences. The company had inserted a ‘coming soon’ tab on its website-www.admiralmarkets.co.uk-indicating that it would soon

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  • GAIN Capital Releases Trading Metrics for October

    Leading Forex broker GAIN Capital Holdings published its final metrics for the month of October 2014, which showed retail sales grew, though unevenly. This is mainly due to the fact that GAIN Capital failed to attain the same institutional volume figures following a double-digit increase in September.Retail trading volumes rose

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  • Moscow Exchange Reports Higher Trading Volumes in October

    Moscow Exchange reported that trading volumes went up in October 2014, with most of the growth being attributed to FX. The total FX volume at Moscow Exchange in the month of October totaled 21.7 trillion rubles, up 14.8 percent from September, when the volumes stood at 18.7 trillion.The figure is

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  • MarketFactory Hires Toland as Sales Head, Interactive Brokers’ Fortunes Rise

    MarketFactory, a leading foreign exchange software and services provider, has hired Steve Toland to the role of Vice President of Sales. Toland will help propel the company’s access into new markets and improve monitoring technologies.Before joining LMAX Exchange, Toland previously worked at LMAX Exchange as the Head of LMAX Interbank,

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  • FXTM Partners launches $20,000 competition to reward the top Introducers

    FXTM Partners launches $20,000 competition to reward the top IntroducersFXTM Partners has launched a new competition to discover the top forex Introducers and reward them for bringing new clients to international forex broker, Forex Time (FXTM). Providing credence to the common phrase “It’s not what you know, but who you

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  • KCG Looking for Buyers for HotSpot Platform

    Trading firm KCG Holdings Inc plans to raise more than $300 million from the sale of its FX unit, according to sources privy to the matter.KCG is partnering with Jefferies Group LLC as it seeks potential buyers of its HotSpot platform. Such buyers include Intercontinental Exchange Inc, CME Group Inc.,

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  • OANDA in Partnership with MultiCharts as It Expands its Options

    Canadian retail FX firm OANDA has entered into a partnership with MultiCharts, a multi-asset trading platform, in order to expand the range of trading opportunities available to its clients.At the moment, the two firms are beta-testing an OANDA plug-in on MultiCharts. Anybody who wishes is eligible to take part in

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  • EU Turns to Facebook Messages for FX-Rigging Evidence

    European Union regulators are investigating messages by foreign-exchange dealers on Facebook Inc. as they widen their probe into allegations of malpractices by banks past instant messages and work e-mails.All the banks involved have been requested to avail all communications between dealers, with social media not being left out. This is

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  • MONEX Group Announces Schedule for Phasing out MetaTrader 4

    Japanese retail FX broker MONEX Group has formally announced its takedown of its MetaTrader trading platform after its subsidiary IBFX sold its MetaTrader 4 client portfolio to rival broker FXCM at a fee of $4.4 million.The phase-out of MetaTrader 4 platform now means MONEX can concentrate its efforts on its

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  • FX Probe Could See Settlements Top $41 Billion, Citigroup Analysts Say

    Citigroup Inc. analysts estimate that investigations into claims of foreign-exchange benchmarks fixing could see banks potentially pay up settlements worth $41 billion.German lender, Deutsche Bank AG is expected to bear the huge brunt of the fines, potentially facing penalties of up to 5.1 billion euros ($6.5 billion). The fines are

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