We're still in the midst of reporting August FX trading volumes, however in a few weeks we should see a major improvement from the so-far-slow 2014 when September figures roll around. As expected, yesterday's surprise ECB rate cut caused not just a 1%+ drop in the Euro against major currencies, but also engendered a spike…
Read moreAustralia's leading retail forex broker joins the ranks of those offering interactive services to its clients. Phil Horner, Axi's Sales & Marketing Manager, explains.
Read moreBoth the Financial Times and Israel business news source Calcalist are reporting this morning that transatlantic exchange and clearing house operator ICE (or IntercontinentalExchange, NYSE:ICE) has agreed in principle to acquire SuperDerivatives, an Israeli-based financial data and analytics provider. SuperDerivatives provides data and analytics on OTC derivatives, but also has a chat platform similar to the one…
Read moreThe (unhedged) forex broker's nightmare... The EURUSD fell by more than one percent in one giant step on Thursday, following news of (another) surprise rate cut by the ECB. The European Central Bank cut its key interest rate to 0.05 percent, as of September 10. The rate on the ECB's deposit facility will be cut still further into…
Read moreUp 3.5% on Tuesday and 34% from its March IPO price, the provider of payment services to the Forex and Binary options sectors sees its market cap top $500 million.
Read moreETX Capital is on a roll, and apparently isn't afraid of shaking things up a little in the M&A market. The London-based online Forex broker acquired Ireland-based financial spreadbetting company Shelbourne Markets in June, bringing on board about 10,000 new clients. In 2012 ETX acquired certain assets of bankrupt WorldSpreads. But this deal is different.…
Read moreCME Group Promotes John Pietrowicz to Chief Financial Officer; Announces Retirement of Jamie Parisi
Read moreTough week for Gain Capital (NYSE:GCAP). After GCAP reported Q2 results which were below expectations, including a $5.2 million loss on revenues which were down 14% from Q1 ($69.7 million versus $81.4 million), Gain shares promptly dropped 5%, closing (Tuesday) at a new 52 week low. of $6.31. The damage continued Wednesday, with various Wall…
Read moreStock market investors can certainly be a fickle bunch. After seeing its shares trade up more than 50% in the past month, retail forex broker Plus500 didn't disappoint with its First Half 2014 results announcement: Net profit increased 249% to $54 million, with half that paid out to shareholders in dividends. Revenues topped $100 million, versus…
Read moreWinn will be based in Hong Kong, with the title Head of Sales - Asia Pacific for EBS. He will report to Gerard Varjacques, EBS Global Head of Sales.
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