PrimeXM’s Matthew Best speaks to FinanceFeeds about liquidity management in the world’s most important financial center
Today, in Limassol, Cyprus, which has now proven itself as more than a center for retail FX brokerages, but the…
Retail FX
Exclusive: Israeli Binary options fraudster Lee Elbaz arrested in America, faces 20 years in jail
Israeli binary options fraudster Lee Elbaz of BinaryBook, a brand of Yukom, is to appear before US magistrates today at 11,00am, facing a 20 year jail sentence for wire fraud among other alleged felonies
FinanceFeeds.cn goes live in China today as the very first FX industry resource in the world to establish a .cn TLD. We bring China to you!
Shanghai office opened today, marking a milestone in FX industry research and reporting, with official .cn top level domain to bring YOU the crucial information from within China, and help YOU establish YOUR business in mainland China via the correct and official channels
Head of Global FX Club in plea negotiations with US govt
In a Letter to Judge Paul A. Engelmayer, the US government says the parties in the criminal case against Michael S. Wright are in plea negotiations.
Gain Capital – Forex.com UK to focus on returning its licenses to FCA
The company’s client base was successfully migrated to Gain Capital UK Limited.
Impostors pretending to help victims of FX and binary ‘fraud’ effect chargebacks. Customers beware!
Companies are starting to surface that charge fees for purporting to effect chargebacks. They have massive connections with the Israeli b-book and binary options sector and are simply there to take $750 from customers.
OANDA seeks to rebuff former customer allegations in civil case
OANDA refers to the doctrines of estoppel and unclean hands in its answer to claims made by former customer Antonio Medina.
GMO Click prepares move to new website, as company name change gets closer
GMO Click, which is set to become GMO Financial Holdings, is set to move its website to https://www.gmofh.com/.
Nature of “order flow” payments now at center of mega lawsuit against FXCM
Investors in the public securities of FXCM claim the “order flow” payments were merely disguised profit-sharing payments per FXCM’s arrangement with Effex.
Retail FX deposits still way above those of traditional funds and investments, but at what cost?
New retail customers are vital to retail FX firms. We investigate how the initial deposit vs lifetime value and acquisition cost for retail firms compares with what is being recommended by traditional investment companies – and debunk popular belief. Our findings show a bright future, if handled correctly
ADS Securities loses more top talent as Prime Brokerage expert Marco Baggioli moves on
Marco Baggioli, whose extensive senior level expertise includes having been Global Head of Prime Brokerage at BNP Paribas as well as senior directorship positions at JPMorgan and Deutsche Bank’s FX divisions, has left ADS Securities, the latest in a line of senior talent to seek pastures new.
European rulings encouraging the b-book? CySec and BaFin go retrograde, whereas UK moves ahead
CySec’s rulings on client negative balance protection will encourage retail brokers to execute trades via their own internal dealing desk. Not really the stuff of progress…
Malaysia and Indonesia are growth areas for FX: Confidence in local banks is low, and great for Western brokerages
Malaysia’s finance minister looks back over 30 years to a period at which he refers to Bank Negra’s FX trading abilities as “rubbish.” This is very good news for overseas firms wanting to penetrate the market, here is why.
What have Dolly Parton, Yoko Ono and a motorcycle got to do with your retail FX trading account? Security, that’s what!
Online trading accounts should be highly secured. We look at how to do this properly at a time during which identity theft is at an all time high. Compliance officers and regulators, be on guard!
Are you getting a fair deal? We look at pricing and execution as anomalies appear
Just how are your trades being priced compared to what is being displayed? We investigate
Russian regulators to target Seychelles-based binary options firm in illegal advertising case
The Moscow office of FAS will add Seychelles-based Smartex International Ltd, owner of Olymp Trade, to the list of defendants in an illegal advertising case.
Yahoo’s YJFX, GMO Click confirm their iOS binary options apps no longer available
The new policy of Apple’s App Store regarding binary options apps is starting to have a marked impact on the industry.
Nevada Court rules in favor of CFTC in case against TradeMasters
The defendants shall pay a civil monetary penalty of $504,000 and disgorgement of $168,626.
MiFID II is just a matter of weeks away. Who is ready? Exclusive report from London
At The Ned in London, full and comprehensive information was provided on how to comply with MiFID II, which comes into effect in January. Senior industry leaders from CME and TRAX, along with industry specific Advocates and regulatory technology firm Cappitech explained vital information to London’s firms. FinanceFeeds reports
