As the search for missing virtual currency which contributed to the demise of MtGox continues, will co-operation with police unearch missing Bitcoins? Failed Bitcoin exchange MtGox has today announced via its website that it intends to work alongside the Police in relation to the disappearance of $490 million worth of Bitcoins. MtGox's website which has…
Read moreAfter five and a half years at OANDA's Asia Pacific operation, Tracy Simone Tan assumes senior directorship position OANDA has promoted Tracy Simone Tan to Director of Business Operations for the Asia Pacific region. This particular promotion to senior management represents a significant progression in Ms. Tan's career, an industry professional who has held a…
Read moreUK division of European financial giant settles early with FCA to avoid fine of almost £17.7 million following FCA inspection which unearthed improper advice on investment products Amid the Financial Conduct Authority (FCA)'s current drive toward strengthening its regulatory stronghold over individuals and companies which offer financial advice to retail clients, the British regulatory authority…
Read moreRegular explanatory seminars for prospective clients held at City Index Israel generates 50 to 70% acquisition rate and encourages long lifetime value A great deal of consideration is given toward the most effective method of attracting clients and maintaining their loyalty within retail FX companies, a factor which is critical due to not only the…
Read moreFX marketing professional Bart Burggraaf of MediaGroup London explains why product and strategy matters more than pretty advertisements I am willing to concede that product and strategy can flow from a great creative idea and that in the past many major advertising successes came from a Creative who found the golden nugget in an otherwise distinctly un-shiny…
Read moreINTL FCstone Ltd and INTL Global Currencies Ltd are to be placed as one business, based in London INTL FCStone has today announced that it has received authorization from the UK's Financial Conduct Authority to consolidate the entire operations of its two British subsidiaries, which are INTL FCStone Ltd and INTL Global Currencies Ltd, both…
Read moreLondon-based STIG Trader aims to mitigate burden of manual trading with launch of MT4-based trade management software Innovation is most certainly the key to not only growth but also survival in today's highly contested FX software business. The very nature of the FX industry itself dictates that reliance on ever-evolving technology is paramount to engage new…
Read moreCFTC issues $2.1 million financial penalty to Mitchell Huffman of Charlotte, NC, in addition to criminal sentencing two years prior The U.S. Commodity Futures Trading Commission (CFTC) announced yesterday that it has obtained a federal court supplemental Consent Order requiring CFTC Defendant Mitchell Brian Huffman, of Charlotte, North Carolina, to pay a $2.1 million civil…
Read moreSpurious claims by companies and their representatives which offer managed accounts promising high returns are often dubious. ASIC puts an end to Queensland-based rep's career Individuals and less-than-reputable companies which seek to bilk potential investors out of their capital by promoting managed schemes which paint a picture of exponential gains without substantiation have been the…
Read moreSwiss FX bank Dukascopy continues its expansion by opening further operations, this time in Switzerland's largest city Switzerland's Dukascopy Bank, a very prominent company within the FX industry, is opening an office in the center of Zurich. After a rapid expansion in the global market with new offices opened in Hong Kong, Kiev and Moscow,…
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