Retail Forex
eToro has been talking up bitcoins lately through its official blog and via comments from its CEO Yoni Assia. There have been mentions that they are planning on adding bitcoin trading on their platform and the ability to deposit and …
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The CFTC has posted its financial data report for FCMs. Overall, total Retail Forex Funds dropped $15.9 million to $641.6 million. The drop in funds is in line with early reports of retail account profitability data which has showed a …
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According to Israeli Army News (English translation below), Israeli banks have begun to limit the size of wire transfer amounts to bitcoin exchanges. The article explains that due to concerns of money laundering, taxation, and legality, banks have asked the …
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Big Brother is Watching You – Surveillance of City Index Australia By ASIC Results in Enforceable Undertaking
11
2013
Australian financial regulator ASIC has been active in its observational duties recently, and following last week’s enforceable undertaking (EU) from Halifax Securities for irregularities in its risk management procedure which was accepted as restitution, City Index Australia (CIA) has become …
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NFA Announces June 30 Date for New Capital Requirements of FCMs Acting as a Counterparty to Forex Transactions
11
2013
Announced in November of last year, the NFA has decided on a June 30, 2013 date for FCMs acting as counterparties to forex transactions to maintain a minimum capital requirement of $20,000,000. The rule is aimed at RFEDs that downgraded …
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Coinsetter Raises $500,000 For Bitcoin Forex Trading Platform & Why $2000/BTC is Fundamentally Possible
10
2013
Coinsetter, a New York based firm has announced that they have received their first round of outside funding as the company is planning to launch a levered bitcoin forex trading platform. The seed investment is from Barry Silbert, CEO and …
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London’s ETX Capital Joins the iPad Generation – Launches In-House Trading Application
10
2013
The provision of mobile applications by OTC forex and binary options companies has become instrumental to their offering and in many cases has resulted in a significant increase in trader activity. As such a majority of firms consider it an …
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About now is the time we can start speculating whether Gain Capital’s management is interested in selling out to FXCM. Following the advances from FXCM, Gain announced that they are implementing a Shareholder Rights Plan, better known as a ‘Poison …
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CFTC Takes a U-Turn and Issues No-Action Letter to Swap Dealers on Risk Exposure Reports
10
2013
During the latter part of March, we reported that the Commodity Futures Trading Commission (CFTC) had finalized the set of procedures to be implemented in relation to risk exposure reports becoming a mandatory document for inspection along with the annual …
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