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Forex Magnates

The US Commodity Futures Trading Commission has today issued proceedings against mid-western FX firm Champion Management International and its owner Daniel K. Steele for carrying out a $1.7 million FX fraud. Read more … [visit site to read more] Related Stories CFTC Orders ICAP To Pay $65 Million Penalty For Manipulating Yen LIBOR CFTC Hits Introducing Broker Foremost Trading With…

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Forex Magnates has learned that City Index’s Chief Operating Officer will be leaving the firm. Simon Bird is moving on from his position at the broker, he joined in the midst of the crisis in 2008 from Bear Stearns. Read more … [visit site to read more] Related Stories CFTC Approves Inter Dealer Brokers Tullet Prebon and Tradition as SEFs…

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Australian FX broker, GTL Tradeup has filed for bankruptcy. The regulated FX broker contacted the regulator on the 25th of September, informing them that its Board of Directors had resolved to place the business into Liquidation. Read more … [visit site to read more] Related Stories Diversification On The Agenda – OANDA Purchases Social Trading Network Currensee The Financial Commission…

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Saxo bank has launched four new financial instruments as it expands its overall foot print in multi asset class trading. Among the four crosses is; Gold versus the Turkish Lira, an interesting and unique offering. Read more … [visit site to read more] Related Stories ICAP Releases Six-Monthly Statement – Revenue Down 1% YoY M&A Activity Continues! Swissquote Acquires MIG…

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ICAP has today released its half-yearly report, detailing a 1% decline in revenue for the entire group compared with the same period during last year. The report comes at the same time as a $65 million CFTC penalty. Read more … [visit site to read more] Related Stories M&A Activity Continues! Swissquote Acquires MIG Bank Diversification On The Agenda –…

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Interdealer broker ICAP has been issued with a $65 million civil monetary penalty by the CFTC today for manipulation, false reporting and attempting to manipulate the Yen LIBOR rate. Read more … [visit site to read more] Related Stories CFTC Hits Introducing Broker Foremost Trading With $400,000 Penalty For Supervision Shortcomings Diversification On The Agenda – OANDA Purchases Social Trading…

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US regulator, the Commodity Futures Trading Commission (CFTC) has announced that it has approved Integral’s Swap Execution Facility, the CFTC granted INFX SEF Inc temporary registration. FX ECN, 360T was also granted SEF approval. Read more … [visit site to read more] Related Stories Diversification On The Agenda – OANDA Purchases Social Trading Network Currensee GAIN Capital Completes GFT Acquisition…

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OANDA, one the handful of retail FX firms still operating in America, has today announced that it is to purchase Currensee, alluding to a potential need for diversification of service offering to stay in the market. Read more … [visit site to read more] Related Stories CFTC Hits Introducing Broker Foremost Trading With $400,000 Penalty For Supervision Shortcomings $439 Million…

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GAIN Capital has confirmed that it has completed the acquisition of GFT in one of the most exciting buyouts of the year. GAIN paid $40 million in cash, issued 3.6 million shares of GAIN Capital’s stock and a $33 million 5-year seller note. Read more … [visit site to read more] Related Stories Spreadex Heads For The Clouds – Invests…

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G. H. Financials Group, an independent clearing firm for exchange-traded derivatives, has appointed Mark Ibbotson as Group Chief Executive Officer, effective 7th October. Mark will be based in the London HQ. Read more … [visit site to read more] Related Stories FXCM Aqcuires Controlling Stake In FX Intelligence Firm Faros Trading LLC Ex-Blackberry Executive Greame Whittington Joins OANDA As CTO…

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The Financial Commission today welcomes Simon Grunfeld and Andrew Ralich to its Dispute Resolution Committee. Read more … [visit site to read more] Related Stories SDP FX Platform Development Simplified – Caplin Systems Launches Core FX Motif CFTC Hits Introducing Broker Foremost Trading With $400,000 Penalty For Supervision Shortcomings Ex-Blackberry Executive Greame Whittington Joins OANDA As CTO

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FX companies in Britain have stuck tenaciously to their bespoke spread betting and CFD platforms, until recently. InterTrader Direct is the latest to offer the mainstream MetaTrader 4 platform, today announcing its launch. Read more … [visit site to read more] Related Stories Status Symbol That Never Was – Web Of Deceit Surrounds MMA Group’s Bogus Airline Monex Announces Divident…

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