Saxo Bank in Focus, Gold-I’s Tom Higgins Talks STP Migration

Saxo Bank drew the attention of investors and a number of regulators following its handling of its CHF trading a couple weeks ago – meanwhile, Gold-I’s Tom Higgins checks in to discuss Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term.

Interviews

Gold-I’s Tom Higgins Talks Risk Management Fortification, STP Migration

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates spoke with Tom Higgins, CEO of Gold-i, for his assessment of the FX industry’s risk management shortcomings following the CHF fallout, whilst lending his perspective on the future direction of the industry. Read More Here

Key Executive Moves

Head of Global Exchange, Alberto Pravettoni, Parts Ways with LCH.Clearnet

LCH.Clearnet was left with a glaring void to fill following the departure of Alberto Pravettoni, the group’s Head of Global Exchange – since leaving, the group has allocated his responsibilities to Cecile Nagel and Bruce Kellaway. Read More Here

Asaf Yigal Parts Ways with OANDA, Co-Founds Logz.io

Asaf Yigal has parted ways with OANDA, snapping a tenure that saw Currensee’s acquisition by OANDA over a year ago – Mr. Yigal has since founded Logz.io, where he will serve as Co-Founder and Vice President. Read More Here

Trending

Breaking: FXCM Inc Takes a ‘Poison Pill’ to Prevent Hostile Takeover Attempts

FXCM Inc (NYSE:FXCM) has announced a shareholder rights plan to thwart potential hostile takeovers of the company. The program allows shareholders to purchase reduced priced shares in the event that a hostile bid is made or an individual or group’s ownership of the firm’s float crosses above 10%. The plan was created to dilute a potential buyer’s stake with the issuance of additional shares. Read More Here

Saxo Bank Raising Margin Requirements, Maintains Legal Option for Trade Adjustment

Saxo Bank has announced to clients that it will be applying a second wave of minimum margin requirements increases starting February 4th. The broker had initiated an initial across-the-board increase of margins on January 21st, affecting many popular forex and CFD products. Read More Here