Author Archives: Adil Siddiqui

Hong Kong Listed Broker Gets Monetary Penalty for Misleading Advertisement


Hong Kong regulated broker, Bright Smart Securities fined for publishing advertisement with incorrect information. The penalty was issued by the financial watchdog, the Securities and Futures Commission.
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Saudi Exchange Welcomes Foreigners – Expected to Boost Derivatives Market


The GCC’s largest economy and most liquid stock market, Saudi Arabia, will allow overseas investors to trade in financial instruments by 2015, the initiative is expected to bolster the growing margin FX arena.
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Japan Exchange Secures Technology Vendor for Next-Generation Platform


NASDAQ OMX and NTT DATA Corporation have been selected by Japan’s leading financial trading venue, the Japan Exchange Group, to develop its new derivatives trading platform after a five month search.
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OANDA Adopts Revised Sales Approach – Introducers Welcome


Global provider of FX and CFD instruments, OANDA, has altered the way it markets its product, the Canadian-based broker has signed-up to the popular money-back service offered by affiliate, CashBackForex.
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Australian Stock Exchange Reduces OTC Transaction Costs to Bolster Activity


Australia’s main stock exchange plans to lower costs for derivatives transactions. The multi-asset bourse will roll out the new fee structure from the 1st of October as it aims to enhance its trading volumes.
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Hedge Fund Indices Perform Well in May & June


Managed accounts indices showed strong gains in the months of May and June. The Parker FX Index & the Barclays Hedge Fund Index were both in the green, despite the overall slowdown in trading volumes.
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Singapore Exchange Extends South Asia Reach with Liaison Office in India


Asia’s premier financial trading hub, Singapore, extends its regional reach with new office in Mumbai. SGX, the country’s main financial trading bourse, opens up liaison office to strengthen ties with India.
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Hong Kong Edges Closer to Mandatory Reporting of OTC Derivatives


Hong Kong’s two main financial markets and banking regulatory authorities have a issued a 1-month consultation on OTC derivatives, mandatory reporting and record-keeping obligations will be addressed.
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Indian Commodity Regulator Pulls the Plug on Universal Commodity Exchange


India’s congested exchange traded arena falls victim to declining volumes, low-volatility and taxes. The Universal Commodity Exchange joins the growing number of venues that are forced to halt operations.
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Breaking: FXCM Faces $200,000 Fine for NFA Breaches


Listed FX broker, FXCM, has received a financial penalty from the National Futures Association for dealing with an unregistered firm and failing to report trading data. The broker was fined $200,000.
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Digital Currencies

Expert Articles

Startups & New products

Bug Bounties Pay as CrowdCurity Scores $1M in Tim Draper Led Venture Funding Round

In January, Forex Magnates covered web security firm CrowdCurity. Following traction of their offering, CrowdCurity has announced that they have received $1 million in a...

Bitcoin ATM in New Zealand shut down down after operator rejected for banking services

A two-way Bitcoin ATM in Auckland, New Zealand was unexpectedly shut down by its operator, Bitcoin Central, after the latter was unable to secure banking...

After move into Japan, Atlas ATS expands to Europe

Bitcoin exchange platform provider Atlas ATS is expanding to Europe, partnering with Spain-based Recol Pro, a Bitcoin ATM and exchange provider. The partnership forms its...

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Marketing: A Luxury Or Necessity?

When volumes are down, a lot of brokers stop spending on marketing. It makes some sense because when volumes are down, volatility is down, however...


EMIR Q&A – Necessity Or Tool For Clarification?

Legislation would be even more verbose if it needed to include all of the practical advice, which firms need to develop an implementation plan. The...


Is it Ethical to Make Trading Profits from Violence Around the World?

Yes, it’s fine. Right now, we’re facing renewed tensions in the Middle East, and a new Cold War sits out there like a pending order...

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New Product Spotlight

Copy Trading Update: Tradency Integrates Mirror Trader with cTrader

cTrader continues its expansion into the copy trading space as only a few weeks after Myfxbook, Tradency comes to the fray, with full integration of the platform into its Mirror Trader social trading solution.
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ig labs api

IG Opens API to Public Development, Launches IG Labs

IG Group has been busy today as earlier they released the Full Year financial results to the public. Following the earlier news, they are also now launching IG Labs live today. IG Labs is a developer portal providing access to …
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