But it appears that revenues were down (again) at CMC, after a 21% revenue drop last year. CMC Markets founder Peter Cruddas, who re-took the reigns as CEO in early 2013, has overseen a nice overhaul of the business and its return to profitability, but is still facing falling revenues. UK spreadbetting and forex brokerage…
Read moreThe leading credit rating agency has injected more volatility into an already volatile situation. Global credit rating agency Standard & Poor's (or S&P for short) has downgraded its ratings of Russian foreign debt to BBB-, just one notch above 'junk' status, keeping its outlook negative. S&P backed its decision by continued capital outflows from Russia, as…
Read moreReport states general confidence of the business has materially improved with challenges ahead London Capital Group Holdings plc (LON:LCG) which is authorized and regulated by the Financial Conduct Authority (FCA) in London released their 2013 annual report to investors this week. The report shows they believe their worst is behind them after a tough 2012…
Read moreFXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients In a constant pursuit towards diversifying its product offering, FXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients. CNH is an offshore version of the RMB introduced by…
Read moreThe signup procedure has been drastically reduced from one application per hour to a system that can offer real-time identification; delivering a fast, user-friendly and secure sign-up experience GBGroup, the global leader in Identity Intelligence has announced that Estonian and London based online Forex broker, Admiral Markets, has selected its flagship ID3global solution to enhance…
Read moreThe company has already initiated a search to fill Mr. Ferdinand's seat on the Board of Directors Liquid Holdings Group, Inc. (Nasdaq:LIQD), a provider of a single platform that integrates order, execution, and risk management as well as reporting and shadow NAV in the cloud for the financial services community, today announced that co-founder Brian…
Read moreCause of suspension still unknown, nor when trading might resume. Moscow Exchange, Russia's largest securities exchange group, has made a terse announcement that it has suspended all derivatives trading for the time being. No reason was given, other than the ME stating that the cause of the suspension is being investigated, and that trading resumption time…
Read moreThe unified bloc's executive European Commission is deciding whether part of the $5.3 trillion (3.15 trillion pounds) a day foreign exchange market should be legally defined as derivatives under the bloc's laws According to a report in Reuters, foreign exchange dealers won't face the added cost of having to clear some currency trades if the…
Read moreThe Hong Kong retail forex broker expects to report a Q1 loss -- lower volumes, higher marketing expenses. It seems as though becoming a public company doesn't necessarily solve all problems for retail forex brokers. Hong Kong based retail FX broker KVB Kunlun (HKG:8077), which went completed its IPO last July on the Hong Kong…
Read moreFeaturing products developed by the broker and its partners, the OANDA Marketplace provides fxTrade clients with vetted tools and services Global FX brokerage OANDA, popular amongst retail traders, is to introduce today OANDA Marketplace – an online directory of tools, software, and products for self-directed investors to augment their trading strategies and to grow their…
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