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The Industry Elite Gathers In London as Fortress Prime Eyes FCA Regulation
- At the heart of this week’s “Best Stories” edition are the panels, launches and awards held at the forex industry's top event, along with notable regulatory updates from Fortress Prime and EZTrader.
Saturday, 22/11/2014 | 22:30 GMT by
Jeff Patterson
KVB Kunlun on the Verge of a Takeover as Share Price Volatility Remains Elevated
- KVB Kunlun is on the brink of a takeover as one of its founders prepares to sell a 50% stake. However, with inside information being leaked, share price turbulence has put a spanner in the works.
Friday, 21/11/2014 | 07:15 GMT by
George Tchetvertakov
Day 2: Forex Magnates London Summit Concludes, Award Winners Revealed
- Day two of the 2014 Forex Magnates London summit finished yesterday, capping off a highly successful event that resulted in the coalescence of key executives from every corner of the industry.
Thursday, 20/11/2014 | 06:00 GMT by
Jeff Patterson
MoEx Reports Solid Financial Performance Figures for Q3 2014
- Moscow Exchange reports stellar improvements in financial performance driven by an up tick in trading activity over the past few months. Impressively, the venue was able to mitigate the geo-political effects of a weaker RUB and weak investor sentiment.
Wednesday, 19/11/2014 | 10:30 GMT by
George Tchetvertakov
ICAP Announces Mixed Half Year Financial Results as Moody Markets Take Toll on Revenues
- One of the most prominent and market dominant market players, ICAP has published lukewarm financial results, largely affected by swings in market volatility since the start of 2014.
Wednesday, 19/11/2014 | 08:34 GMT by
George Tchetvertakov
Goldman Sachs Dismisses Sterling Trader for Prior FX Market Misconduct
- Goldman Sachs decides to mitigate risks by terminating a currencies trader holding a smoking gun. With so many counts of misconduct found by regulators, Frank Cahill may not be the first benchmark pirate to walk the plank.
Wednesday, 19/11/2014 | 04:28 GMT by
George Tchetvertakov
Australia and China Sign Historic Free Trade Agreement as Businesses Rejoice
- Australia has agreed to the closest trade ties with China compared to any other region aside from HK and Macau. With negotiations concluded, the agribusiness revenue frenzy can commence subject to Parliamentary and JSCOT approval.
Tuesday, 18/11/2014 | 05:24 GMT by
George Tchetvertakov
FX Fixing Window Set for Widening to Reduce Propensity for Market Manipulation
- As various proposals are implemented to reduce the propensity for FX manipulation, WM Company takes the simple step of widening the fixing window to 5 minutes. Does a wider window reduce the chance of collusion?
Tuesday, 18/11/2014 | 02:51 GMT by
George Tchetvertakov
Discretionary CFD Broker Terminated by ASIC, Director Banned for Second Time
- ASIC terminates one CFD broker, bans its Director and warns against a margin foreign-exchange broker YoutradeFX operating without a license. The regulator's battle for compliant market practises continues.
Tuesday, 18/11/2014 | 01:26 GMT by
George Tchetvertakov
Another Bout of US Dollar Strength Mixed with Commodity Weakness
- Ongoing macroeconomic and geopolitical themes are pushing several asset classes to multi-year highs (lows) and causing significant angst amongst investors.
Monday, 17/11/2014 | 05:50 GMT by
George Tchetvertakov
Banks Face Judgment Day As FXCM Strengthens US Market Foothold
- This week’s “Best Stories” edition explores the true meaning and possible consequences of the much awaited FX rates manipulation fines, along with interesting findings from CFTC's September retail fx report.
Saturday, 15/11/2014 | 22:01 GMT by
Jeff Patterson
Ukraine Raises Interest Rates to 14%, Stemming Capital Outflows and Forex Devaluation
- As the geo-political conflict between Russia and the Ukraine intensifies, both the Rouble and the Hryvnia are suffering via capital outflows. In Ukraine's case, raising interest rates is like fighting a rising tide with a bucket.
Thursday, 13/11/2014 | 03:00 GMT by
George Tchetvertakov
KVB Kunlun Shares Double up Via Inside Information Leak and Takeover Discussions
- In what seems like a case of leaked takeover information finding its way into the hands of speculators, KVB Kunlun shares have doubled despite being halted yesterday. With the dust still settling an enquiry is most likely afoot.
Wednesday, 12/11/2014 | 06:04 GMT by
George Tchetvertakov
Equity Indices Return to Their Highs While the US Dollar Firms
- Financial markets have started the week in subdued fashion with some profit-taking seen in USD currency pairs, equities and commodities. Despite the noise, predominant trends remain in force going into key macro-data points later today.
Tuesday, 11/11/2014 | 08:07 GMT by
George Tchetvertakov
Bank of America Reports Q3 Loss, Partly Exacerbated by Additional Legal Expenses
- The bank follows several of its peers in recent announcements of higher than expected losses in Q3 partly driven by continued increases in litigation and legal expenses.
Friday, 07/11/2014 | 02:25 GMT by
George Tchetvertakov
Monex Reports 20% Forex Volumes Rise MoM in October, DARTs Slightly Up
- The prominent Japanese retail FX broker has revealed strong improvements in both MoM and YoY Forex volumes. Average daily volume in October 2014 has more than doubled compared to the same period last year.
Thursday, 06/11/2014 | 04:27 GMT by
George Tchetvertakov
Russia's Central Bank Losing the Battle for the Rouble as MOEX Raises RUB Margin Requirements
- The CBR wants a free-floating rouble without the need for regular market interventions by January 2015. However, due to geopolitical factors rouble demand has suffered in 2014 making intervention a necessity that prevents free-falling devaluation.
Wednesday, 05/11/2014 | 09:07 GMT by
George Tchetvertakov
GMO Click Sets All-Time Record Transacting Over $1 Trillion in October
- Japan's calamitous macroeconomic policies dating back to the 1990's are again wreaking havoc on the Japanese economy and the Yen. One side-effect is a Speculators Paradise for traders and brokers specialising in Yen pairs.
Wednesday, 05/11/2014 | 07:29 GMT by
George Tchetvertakov
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