Brokers

Saxo Bank officially enters Turkey, acquires Değer Menkul Değerler

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As we reported back in March 2012 Saxo Bank marked Turkey as one of its most important targets on its expansion plans. Lars Seier Christensen, Saxo Bank’s co-founder and co-CEO, was in Istanbul to announce the opening of the local branch …
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FXstreet.com hosts its 5th International Traders Conference in June 2012

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I’m happy to announce that the very successful ITC event is back this year! Every year Fxstreet.com hosts this major event bringing top notch experts and traders together. Traders are able to learn from the top experts in the industry …
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Virginia’s lawsuit against BNY Mellon dismissed

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Apparently it’s not all gloom in doom for BNY Mellon in its pricing scandal: at least one lawsuit against the bank has been just dismissed: A Fairfax County Circuit judge dismissed the foreign exchange (FX) pricing-related allegations against The Bank of …
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Binary Options to be regulated by CySec

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Despite CySec denying its intention or even interest to regulate binary options in the past, today we receive news that this has changed. According to Map S.Platis, and following its extensive lobbying, CySec has made the decision to start regulating this activity. …
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Interactive Broker posts positive performance for April 2012

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Interactive Brokers Group an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for April. Highlights for the month included: 411,000 Daily Average Revenue Trades (DARTs), 2% higher than prior year and 1% lower …
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Forex Magnates Directory releases the first ever visual map of brokers

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Forex Magnates is happy to announce that it just released its latest update to the Forex Magnates Directory – the Global Map of Brokers. The Global Map of Brokers (accessible here: directory.forexmagnates.com/map) is a visual tool that allows traders to …
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CFTC settles $85 million forex fraud against Peter Son and orders PassThrough Investments, Stephen Brantley and Dwayne Bryant Dawson to pay over $1.1 Million in Sanctions

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Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court supplemental consent order requiring defendants Peter Son (Son) of Danville, Calif., and his companies, SNC Asset Management, Inc., and SNC Investments, Inc., to pay a $5 …
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Saxo Bank sets up Cyprus Office

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Saxo Bank, the specialist in online trading and investing, today announces the opening of its new office in Cyprus which will provide Cypriot investors with access to international financial markets. Vitali Boutbaev has been appointed as Head of Saxo Bank …
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Dukascopy opens a representative office in Hong Kong

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It’s interesting to note that Swiss forex brokers are very keen on being present in Hong Kong. Couple of weeks ago it was MIG that opened a representative office in Hong Kong and now it’s Dukascopy. It seems Swiss brokers …
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HSBC to white label OANDA’s retail fx platform

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Many banks and large interdealer brokers seem to take this approach: instead of developing their own retail forex trading platform they simply white label a ready solution. CitiFX Pro white labels Saxo Bank’s platform, dbFX and MF Global used to …
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