Regulation

The FX Corporate Identity Theft Trend Continues, FCA Warns About Another Clone

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Scammers are giving out some of the details of MN Financial Services Ltd., a former Appointed Representative Firm, to trick victims. This is the latest warning about a growing trend of “cloning” FX firms.
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FCA Crushes Hope, Rules On Fraudulent FX Scheme Worth $9.4 Million

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The Financial Conduct Authority is presently arbitrating a case against London resident, Alex Hope, orchestrator of a fraudulent forex scheme that is estimated to have duped clients out of approximately $9.4 million.
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China SAFE to Conduct More Rigorous Checks of FX Businesses

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The PBOC’s arm responsible for the FX market, the Chinese State Administration of Foreign Exchnage is raising alarm bells about bank conduct of FX regulations, as the Renminbi hits fresh 14 month lows.
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Hong Kong Financial Regulator Slams RBS for Internal Control Failures

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The Securities and Futures Commission, Hong Kong’s main financial watchdog, issued a financial penalty to global banking giant, RBS. The regulator issued a reprimand and fined the bank $750,000 for internal control failures.
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CFTC Gives Green Light for Gain Capital’s GTX SEF LLC application as a Swap Execution Facility

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The Commodities Futures Trading Commission has today posted that it temporarily approved the SEF application for GTX SEF LLC, after it had previously granted it time-limited no-action relief last October.
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Director Of Sonray Capital Markets Sentenced to Six and a Half Years Jail After $46M Collapse

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The former sole director of the Saxo Bank introducing brokerage, Russell Johnson was sent to Jail for his part in the collapse of Sonray including false accounting, theft, deception and conspiracy to steal.
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Sweden’s FI Warns of Purported Fictitious Binary Options Exchange GFTrades.com

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The Swedish Financial Supervisory Authority has today warned of Clearskies Group Ltd & Neltom Ltd as not having proper authorisation by Finansinspektionen, and how they solicited investors in Sweden to GF Trades.
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FSMA Warns BFXoption.com is Out of Options in Belgium

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The Financial Services and Markets Authority (FSMA) of Belgium has alerted the public last week that the company BFXoption is not regulated nor authorized to provide investment services in or from Belgium.
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EMIR News: European Commission Asks FX Related Companies for Input

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All firms which are active in the trading of FX spot and derivative contracts are invited by the EC to submit their input about where should the boundary between an FX financial instrument and a spot FX contract be.
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Canadian Regulator Extends Key Trade Reporting Deadlines Into 2015

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The Canadian Securities Administrators (CSA) has announced that it will extend key commencement dates for over-the-counter (OTC) derivatives trade reporting for market participants and clearing agencies.
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Digital Currencies

Executive Moves

Startups & New products

LMAX Exchanges Investigates Bitcoin Trading While FXOpen Goes ‘All In’

Stating that they "believe digital currencies are here to stay", LMAX Exchange COO, Scott Moffat provided an update on his firm's interest in bitcoins and...

LTC/USD Technical Analysis – 23rd April 2014

Litecoin has been heading down since the 20th of this month, initiated by some strong bearish candlestick price action, but that might be about to...

LTC/BTC Technical Analysis – 23rd April 2014

Since the Litecoin vs Bitcoin’s highs reached in late March, we’ve seen a huge retrace, with price coming back down to as low as 0.0224....

More Digital Currencies

Executive Vice President Joseph Wald Leaves GTX, GAIN Capital’s Institutional Division

Brought in only over a year ago to to lead the institutional business of GAIN Capital and "achieve our goal of becoming a market leading...

kantox

Kantox Partners with FX Industry Veterans to Form European Advisory Board, CEO Comments

Among recent trends in the foreign exchange payment field, Forex Magnates has witnessed steady growth of new entrants coming to market with alternative transaction services....

Michael Quirk, Ariel, Head of Global Software

Michael Quirk Joins Ariel As Head of Global Software Sales

Michael joins Ariel from X Open Hub where he was Manager of Institutional Sales for over a year. Prior to that, he spent four years...

More Executive Moves

New Product Spotlight

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IG Markets the Latest Broker to Launch Web TV After Dukascopy and Saxo TV

Former Bloomberg and BBC presenters Jeremy Naylor and Sara Walker, will be the faces behind IG’s newest marketing initiative as it challenges other well known players in the field of broker-run web TV.
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OANDA Launches Retail FX Tools Marketplace, Forex Magnates Reviews

OANDA opens a Marketplace featuring apps, training, and MT4 plugins developed by the broker and its partners to provide its clients with vetted tools and services. Forex Magnates reviewed the new offering.
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Forex Research

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