Aug 31 2009

Fresh out of the oven: Gain Capital Files $125M IPO (Updated)

That’s got to be one of the leading contestants for the biggest news of the year (I’m awaiting official confirmation).
Streetinsider brings this laconic report:
The offering is being made through Morgan Stanley and Deutsche Bank.
Gain Capital owns Forex.com and is an online provider of retail foreign exchange trading and related services founded in 1999 by a [...]

Aug 31 2009

Forex Factory shakes the online Forex world

Forex Factory, probably the largest Forex news and calendar portal, has made a significant change in the way news is now submitted. Until now anyone could have posted anything on the main site and it would have appeared on the front page. While this feature was great at first and allowed people to immediately post [...]

Aug 31 2009

CMS Forex launches the long anticipated UK subsidiary

I reported about this intention almost three months ago and now CMS finally made the step. CMS is the latest broker to open a UK subsidiary following FXCM, Gain and lately FX Solutions.
This should allow CMS to offer additional products and trading capabilities, which are not allowed in the US, to its retail and institutional [...]

Aug 28 2009

FXCM launches a bi-monthly Watch for the Forex Industry

In an effort to keep you abreast to the ever changing market and regulatory environment, FXCM has launched a newsletter called Washington Watch for the Forex Industry.
Washington Watch for the Forex Industry will report relevant regulatory and political matters that affect the Referring Broker community. It will also include educational articles intended to shed light [...]

Aug 27 2009

Thank You Sheila Bair

27 August, 2009 by Stephen Leahy
Boston August 27, 14:32 EST
Sheila Bair, the head of the FDIC came out at a press conference and noted that the list of banks that land on the FDIC’s “Troubled Bank” list has grown to 416. The FDIC’s reserves may be wiped out in coming years.
Our medium term Long EUR/USD [...]

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Aug 27 2009

AshFX EUR/CAD & EUR/CHF Update

Personally, I’m staying away from EUR/CHF. I’ve drawn a trend-line on the weekly chart and it doesn’t look very nice if you’re going long…
As for the EUR/CAD, it’s a better looking trade, and although the SL is quite large, I’m entering this one with half my usual risk:
http://forexmoments.com/forums/systems/144-ashfx-system-version-ii-191.html#post4413

Aug 27 2009

Georgia Court Imposes Fines and Other Sanctions Against Atlanta-Based Saxon Financial Services Inc., Charged by the CFTC with Commodity Option Fraud

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained more than $4.3 million in civil monetary penalties and equitable relief in an order against Saxon Financial Services Inc. (Saxon) of Atlanta, Ga., charged by the CFTC in 2007 with commodity option fraud.
Judge Julie E. Carnes, Chief Judge of the [...]

Aug 27 2009

California Federal Court Order Continues Asset Freeze against Las Vegas Resident Gordon A. Driver, Axcess Automation LLC and Axcess Fund Management LLC

CFTC charged defendants in May with operating a $13.5 million Ponzi scheme that defrauded more than 100 participants in the United States and Canada.
Washington, DC -The U.S. Commodity Futures Trading Commission (CFTC) today announced that a Federal court judge in Los Angeles continued an asset freeze against Gordon A. Driver of Las Vegas, Nev. and [...]

Aug 26 2009

26.08.2009 – News roundup: FXCM, SEC and CFTC, UBS

The State Bank of Vietnam, the country’s central bank, said Wednesday it has allowed Standard Chartered Bank Vietnam Ltd. to provide foreign exchange services in the domestic market.

FXCM is the sponsor of the Blue Card Team, one of the official charities in the 2009 ING New York City marathon

Pakistan: Crackdown on illegal foreign exchange helps [...]

Aug 26 2009

AshFX GBP/USD 26 Aug 09 Update

At the time of writing, our short on the GBP/USD from yesterday is at around 180 pips profit:
http://forexmoments.com/forums/systems/144-ashfx-system-version-ii-188.html#post4380
The New Home Sales news release is coming out of the US in the next few minutes. Depending on how different the figure released is compared to the forecast, this could be good or bad news for our [...]

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