Author Archives: Ron Finberg

TransferWise Closes $58M Funding Round Led by Andreessen Horowitz, Arriving to US Soon

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TransferWise has announced that is has closed a $58 million Series C funding round led by venture capital firm Andreesen Horowitz which will help them fund their global expansion with a US office to be opened soon.
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What’s Driving BGC Partners and the CME Group’s Interest of GFI Group

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Trading at $3.00 a share last summer, bidding between the CME Group and BGC Partners for GFI Group continues to rise with the latest offer hitting $6.10. We look at what’s driving their demand.
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Alpari UK Clients Will Be Required to Cover Negative Balances

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The insolvent broker’s administrator has issued a F.A.Q document, stating that traders with negative balance “will be asked to pay that money”. KPMG has also commented on the execution of Swiss franc.
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P2P Lending Getting Banking Boost this Week as RBS to Refer Clients to Funding Circle and Assetz Capital

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Part of an initiative to provide borrowing oppurtunities to business customers that don’t meet their criteria, RBS will begin to refer clients to P2P lenders Funding Circle and Assetz Capital.
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75% of InteractiveBrokers’ Franc Losses from FX Futures, Not Spot FX

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Providing critical details on their forex business in the company’s financials conference call, IB addressed what product was the biggest loser, who the largest losers were and the size of their forex business.
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Forex Client/Broker Tension Causes Postponing of Mena Forex Conference

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Citing “receiving non-stop calls from investors and traders complaining about their losses and anxiously holding the brokers accountable,” the Mena Forex Dubai conference is being postponed.
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Exclusive: Q4 2014 US Forex Profitability Report, Accounts Fall and So Do Profits

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US active retail accounts fell below 90,000 for the first time since Forex Magnates began to track these statistics in 2011 as part of our US Forex Profitability Account, while trader profitability declined.
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Breaking: NFA Raises Margin Requirements for Swiss Franc, Swedish Krona and Norwegian Krone

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Following last’s week Swiss franc volatility and fallout, which leverage played a large part in, speculation arose that the event would trigger a focus on margin requirements by regulators. In what could be the first of many similar announcements from …
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New Product Review: Nvestly Combines Social and Transparency for Stocks

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As operators of social brokers and community trading portals like eToro, StockTwits, TradingView and Myfxbook will attest to, there is a lot of demand among traders for social interaction when it comes to trading. The demand is based on traders …
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Motif Investing Inks $40 Million in Financing from Renren to Push Thematic Investing Internationally

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Thematic investing fintech firm, Motif Investing, has announced that Chinese social networking company, Renren, is investing $40 million in the company to assist with their international expansion.
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