Tag Archives: Brokers

IG Group interim statement for Q1 2011, revenue up 10%

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Revenues are up 10% in general but down in Japan, as expected due to leverage restrictions, Nadex is about to launch PFGBest as the first independent  member. IG Group Holdings plc (“IG” or the “Group”) issued the following Interim Management …
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FXOpen slashes ECN fees by 30%

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FXOpen has recently added several new liquidity providers to its ECN feed and is now able to offer significantly lower commissions. This represents a drop of about 30% in commission charge. It seems that competition in MT4 ECN market is increasing and the …
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Full details of class action suit against BNY Mellon

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This is the full document of the class action suit filed against Bank of New York Mellon (BNY Mellon) by Southeastern Pennsylvania Transportation Authority (SEPTA). If this is indeed what happened then it’s simply terrible: As detailed in the Florida and Virginia …
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Paddy Power reviews its White Label deal with LCG

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Shares of London Capital Group (LCG), the owner of the spread betting company Capital Spreads, fell more than 15% after the news that Paddy Power is reviewing their partnership with LCG were made known. Investors are concerned that an end …
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Merrill Lynch goes mobile

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Not directly forex related but still interesting. Merrill Lynch announced the launch of mobile applications on iPhone, iPad, and BlackBerry devices for clients of Merrill Lynch Wealth Management and Merrill Edge. It’s funny though that with all this advanced stuff their …
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Federal Court Orders Dennis Todd Hagemann and Yellowstone Partners to Pay $1.6 Million for Defrauding Investors in a Forex Ponzi

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Exactly a year has passed since CFTC lodged the charges and now they were able to receive a court ruling. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal default judgment order …
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BNY Mellon hit with class action suit over forex prices

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If you needed any more proof that not only retail forex brokers mess with forex prices you now have another suit against a major bank for just the same. Reuters reports that Bank of New York Mellon was sued by a …
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CFTC shuts down JadeFX owned by Jacob Juma Omukwe

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Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a complaint in the U.S. District Court for the Western District of Wisconsin charging defendants Jacob Juma Omukwe, JadeFX Ltd. (JadeFX) and Jade Investments Group, …
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Fortex scores a HK client for its DMA forex platform

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Fortex, Inc., a provider of independent, real-time multi-asset trading platforms, announced that it has deployed its high-performance, low-latency Fortex FX platform for Sun Hung Kai Financial (“SHKF”), the leading non-bank financial institution in Hong Kong. The Fortex deployment enables SHKF …
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City Index upgrades mobile trading app

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City Index, a global leader in financial spread betting and CFD trading, has launched an upgraded version of its multi award-winning mobile trading app, City Trading. Available on Android and iPhone, the improved app feature newsfeeds from Dow Jones Newswires …
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