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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
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
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
Social Media Sellers Get Busted as SEC Charges for FX & Investment Fraud
- US regulator has charged two Indian-based fraudsters & their firm for their involvement in a high-yield investment scheme that offered guaranteed returns. The firm was caught-out for its mis-selling on social media.
Wednesday, 12/11/2014 | 20:39 GMT by
Adil Siddiqui
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
Looking Ahead: Barrage of Chinese Data and Market Uncertainty Clouds Data Calendar
- Looking ahead, Forex Magnates picks out the most market sensitive events that are scheduled on next week's data calendar.
Saturday, 08/11/2014 | 12:19 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
Breaking: FXPRIMUS October Volumes Retreat -8% MoM to $36.77Bln
- Mauritius-based FXPRIMUS Ltd has reported its October 2014 metrics, having yielded client transaction volumes of $36.77B, which represents a slight reversal from September’s record figures.
Thursday, 06/11/2014 | 22:14 GMT by
Jeff Patterson
Breaking: FXCM Reports October 2014 Metrics, Retail Volume Jumps to Record $509Bln
- Multi-asset brokerage firm, FXCM has just released its October 2014 operating metrics, highlighted by record retail customer trading volume of $509 billion, up 62% YoY from October 2013.
Thursday, 06/11/2014 | 21:27 GMT by
Jeff Patterson
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
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
Saxo Bank Reports Exquisite October Trading Volume Totalling $392 Billion
- Saxo Bank reports supremely positive trading figures for October with every single metric showing marked improvement in both monthly and annual comparisons.
Wednesday, 05/11/2014 | 04:09 GMT by
George Tchetvertakov
JP Morgan Chase Expects Legal Charges to Reach $6 Billion as FX Penalties Loom
- Yet another bank loosens its purse strings in view of oncoming litigation costs attached to Forex manipulation and benchmark malpractise issues. More broadly, the banking industry could be on the hook for over $50 Billion.
Tuesday, 04/11/2014 | 08:26 GMT by
George Tchetvertakov
RBS Preps for FX Settlement Charges with $639Mln Allocation, Company Stock Falls
- Several of the financial industry’s leading banks have been engulfed in an ongoing probe alleging FX manipulation – in anticipation of impending regulatory actions, RBS has allocated $639 million for potential settlements.
Monday, 03/11/2014 | 18:28 GMT by
Jeff Patterson
Breaking: Interactive Brokers Releases October 2014 Trading Metrics, DARTs Increase by 18% MoM
- US-based retail broker Interactive Brokers Group, Inc. has released its October 2014 metrics, which were highlighted by another robust month of trading activity that notched an uptick over September.
Monday, 03/11/2014 | 17:39 GMT by
Jeff Patterson
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