Tag Archives: foreign exchange

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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Boris Schlossberg and Kathy Lien leaving GFT to form their own managed forex fund

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As was already announced on our Linkedin Group two days ago Boris Schlossberg and Kathy Lien are leaving GFT to form their own fx fund. Boris and Kathy are iconic figures in the forex analysis market. The fx power pair …
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Metaquotes takes Xogee to court claiming it hacked its licenses

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We wrote about Metaquotes warning and suing several providers who are abusing or using its protocols and technologies without proper authorization few weeks ago. Today Metaquotes made the information public and disclosed to its clients that one of the firms …
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ICE reports 12.5% decrease in currency trading volumes

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ATLANTA, May 2, 2012 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported futures volume for April 2012. Average daily volume (ADV) for ICE’s futures markets was 1,540,997 contracts, …
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CME reports slow April 2012, fx volume down 5%

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Lack of volatility is taking its toll on brokers and exchanges alike. Most fx brokers are reporting almost 6 slow consecutive months now with reduced volatility and hence profitability. CME, world’s largest fx exchange, too reports a downward trend transacting …
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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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