Monex’s investment management subsidiary names new president LeapRate

January 07, 2016 BY Maria Nikolova

Monex's investment management subsidiary names new president

Japan-based online trading giant Monex Group, Inc. (TYO:8698) today announces changes at the top of its newly established subsidiary - Monex-Saison-Vanguard Investment Partners, Inc. (MSVIP). Keiichi O'hara, former executive vice president of MSVIP, is the new president of the discretionary investment management firm. His appointment is effective today – January 7, 2016. In his new…

January 07, 2016 BY Maria Nikolova

New Zealand keeps removing financial firms from FSP register

Another deregistration notice was published on the website of New Zealand's Financial Service Providers Register (FSPR) earlier today, with the list including the names of businesses and individuals removed from the register in November last year. A total of 66 businesses and individuals were deregistered from the list, a much smaller number than the 155…

January 07, 2016 BY Maria Nikolova

TradAir expands in Asia, opens Singapore office

eFX trading solutions provider TradAir is expanding in Asia. The company today announced it is deploying servers in Singapore, and that it is opening a local office, to support the growing number of clients in the region. Commenting on the move, Ayal Jedeikin, Co-Founder and COO TradAir, said, “TradAir provides a high performance, always available global eFX…

January 06, 2016 BY Maria Nikolova

ChartIQ joins list of third party apps available in Thomson Reuters Eikon

ChartIQ, provider of HTML5 financial charting solutions for capital markets, today announces the launch of ChartIQ as a fully integrated app in Thomson Reuters Eikon. Thomson Reuters Eikon opened up to third party application developers in October 2015, as Thomson Reuters Corp (NYSE:TRI) introduced App Studio in Eikon. Third parties are thus allowed to build…

January 06, 2016 BY Maria Nikolova

ICE sees 34.3% MoM jump in FX volumes in December 2015

Intercontinental Exchange Inc (NYSE:ICE), an international operator of exchanges and clearing houses, has managed to end 2015 on a positive note – at least, this is suggested by the robust FX trading numbers that the company has just reported for December 2015. Average daily volumes for FX&Credit exchange-traded contracts amounted to 47,000 contracts in December…

January 06, 2016 BY Mike Fox

Kathy Lien: Why Nervous Forex Traders are Buying Dollars and Yen

The following article is provided by Kathy Lien, Managing Director of FX Strategy for BK Asset Management -- During the North American trading session yesterday, the U.S. dollar and Japanese Yen held onto their gains, reflecting the continued anxiety felt by many forex traders. Although Chinese stocks stabilized overnight and the Dow Jones Industrial Average…

January 06, 2016 BY Mike Fox

Record gap between renminbi rates widens as China devalues again

Today The Financial Times (FT) made note that the gap between the Chinese renminbi’s two exchange rates (offshore RMB and onshore RMB) has widened to a record spread. This has fueled speculation that China intends to allow its currency to fall at a faster rate than has previously been seen. Since August, the People's Bank of China (PBoC) said…

January 06, 2016 BY Maria Nikolova

Maybank Kim Eng deploys Fidessa's equities platform

Fidessa Group plc (LON:FDSA), a provider of trading, investment and information solutions for financial companies, is making another step towards boosting its Asian business network via a partnership with Maybank Kim Eng, which has been active in Asia for more than 40 years. The company today announced that Maybank Kim Eng, which provides services in…

January 06, 2016 BY Maria Nikolova

Saxo Bank's Forex volumes reach $226B in December 2015, up 3.7% MoM

Multi-asset trading and investment services provide Saxo Bank has just posted its key operating metrics for the last month of 2015, with the month showing a slight month-on-month rise in overall Forex volumes and a slight month-on-month drop in average daily volumes. Saxo Bank reported monthly Forex volumes of $226 billion for December 2015, a reading…

January 06, 2016 BY Mike Fox

OctaFX latest broker to add web MT4 platform

Retail oriented Forex broker OctaFX notified clients today regarding their release of an MT4 web-platform that allows a client to trade from any browser on any operating system with the well-known interface of any desktop Metatrader 4 platform. All major tools are available including one-click trading and chart trading. Through the Metatrader 4 web-platform a user doesn’t…