Last week we saw some regulatory shifts take place within the Forex landscape as well as further developments in different jurisdictions. Ukraine was busy developing its own FX trading statutes while Russia is set to beef up it’s SRO regime before its country wide Forex laws go into being. Last week we also saw Australia’s ASIC put an end to Interactive Brokers FX services within the country, for now… Lastly, Swiss brokerage house Dukascopy decided to exit the Japan market, be sure to read about these regulatory shifts in the short links below.
Meanwhile, last week registration opened officially for The FinDating event, organized in collaboration with LeapRate and Dukascopy and will take place on October 9th at the prestigious Four Seasons Des Bergues Hotel in Geneva, Switzerland. Hedge fund managers, institutional traders, FX portfolio managers and introducing brokers with wealth portfolios into the millions will represent an audience which brokerages can interact with in private meetings in a pleasant and relaxed setting.
Be sure to check out last week’s featured stories as well as a complete run down of the week below:
Ukraine continues work on Forex regulation | https://www.leaprate.com/C9qJ4
Binary options platform Hello Markets partners with Cantor Exchange | https://www.leaprate.com/kTW86
FinDating October 9th at the prestigious Four Seasons in Geneva | https://www.leaprate.com/ykEpN
Russia’s CRFIN beefs up structure ahead of Forex law enactment | https://www.leaprate.com/8AB9n
Interactive Brokers Australia ordered to halt Forex services | https://www.leaprate.com/o4wxK
Dukascopy exits Japan market | https://www.leaprate.com/yQUV2
New MT5 Android app aims to make communication easier | https://www.leaprate.com/i2bYq
Commerzbank receives licence to trade China onshore RMB FX options | https://www.leaprate.com/MaUiI
Weekly Forex Industry Rundown for June 22nd – June 28th
Interviews/Features
– Analog is so yesterday! The Forex Industry Talk Show
– Institutional FX expert Sol Steinberg takes a close look at what lies ahead – Guest Editorial
– 5 years on: FXecosystem CEO James Banister takes a good look at technological evolution
– Spot+ examined: SpotOption VP of Academy Yoni Raveh details end-to-end sales automation solution
Warnings/Fines/Fraud Watch
– Italy’s Consob warns about Tradect, Broker of Geneve, GMTInvest
– BlackfortFX loses registration in New Zealand, as investigation goes on
– FCA warns about unauthorized Forex broker NewTradeFX
– Japan’s FSA blacklists binary options broker TRAOP
– CFTC charges Illinois fraudster and his company Ludiera Capital in $9M investment pool scheme
– Swiss FINMA adds Lamberg Kapital to warning list
Legal
– CySec notifies FX firms of new law on margin call level on OTC derivatives for Polish customers
– CFTC to hold roundtable on trade execution requirements
– FINMA makes no concessions to virtual currencies in latest AML rules
– NFA gives The Barbashop a $50,000 haircut
– KPMG reports first distribution to Alpari UK clients to be made June 25
– Russian, Chinese central securities depositories sign MoU
Financial
– RBS prepares for shareholders revolt today as Osborne prepares to offload taxpayers 79% stake
– Singapore’s UOB Asset Management awarded RQFII licence with 1.2b ($193m) RMB quota
– Currency Cloud raises $18 million from Sapphire Ventures as digital payment industry gains momentum
– Saxo Payments partners with Allied Wallet to drive plans for global expansion
– GMO Click share sale leads to extraordinary profit for GMO Internet
– CMC Markets releases full list of shareholders
– Stephen McCoy sells 200,000 shares in KVB Kunlun
Executive Moves
– CME Clearing Europe promotes Tina Hasenpusch to CEO
– eToro’s Pavel Salas joins Expert Board of Russia’s Forex organization CRFIN
Retail Offerings/Services
– Russian forex broker RVD Markets declares bankruptcy citing Swiss Franc losses
– London Academy of Trading launches educational program in conjunction with FXCM UK
– Advanced Markets and Fortex launch Quick Start Brokerage Solutions for new FX market entrants
– TradeNext reduces spread on dollar rupee pair
– RoboOption enables traders to copy signals on ZuluTrade
– GFT UK changes margin requirements, streamlines trading instruments lineup
– Finance research marketplace Airex launches affiliate program
– One Financial Markets announces new FSP license in South Africa
– Plus500 upgrades partnership with Atlético Madrid Football Club
– PFSOFT sets up new business development branch in India
– Alpari officially launches new platform BinaryTrader
– Swissquote announces release of Apple Watch application
– RoboForex introduces new accounts for cTrader platform
– FXPRIMUS moves its headquarters to Cyprus
Institutional Offerings/Services
– Japan’s Gaitame takes low latency FX connectivity platform from smartTrade Technologies
– Nigerian Stock Exchange to launch trading in Forex futures?
– Goodbye ambiguity! Thomson Reuters introduces new service for hard to value OTC derivatives
– CME Group delays closure of open outcry futures trading in Chicago and New York
– Amercanex signs LOI to purchase data provider MJCharts
– ICE Clear Singapore announces first three clearing members
– TradAir’s real time surveillance and regulatory tool now live
Bitcoin/Cryptocurrency
– BitFury welcomes ex-CFTC chairman Dr. James Newsome to Advisory Board