Search Results for: foreign exchange
Forex Scandal Drives Shift to Algo Trading
September 29th, 2015
Banks are increasingly turning to computer programs to carry out foreign exchange trades After paying billions in fines to settle allegations that traders tried to rig a key currency benchmark, banks are increasingly turning to computer programs to carry ...
China forex regulator says stepping up graft risk controls
September 29th, 2015
China‘s foreign exchange regulator is stepping up its risk controls against corruption, it said in a statement released on Tuesday via the ruling Communist Party’s anti-graft watchdog. President Xi Jinping has launched a sweeping crackdown on deep-rooted graft since ...
Swiss Investigate Seven Banks Over Precious Metals Market Trading
September 28th, 2015
Inquiry involves possible collusion between UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui A Swiss regulator has opened an investigation into precious metals trading at a group of large banks, marking the latest in a line ...
RAK, UAE, and traditional tax havens
September 25th, 2015
What is the difference between the United Arab Emirates (UAE) and other popular tax havens? Why more and more international traders and investors find the UAE to be one of the best places to incorporate offshore companies for various ...
FastMatch Offers Fully Disclosed Trading for $1 Per USD Million Notional
September 25th, 2015
FastMatch, a financial technology company focusing on foreign exchange trading, announced to further cut costs for customers, it will introduce fully disclosed trading at a new low cost. FastMatch clients can utilize the FastMatch global trading network with data ...
London Capital Group reports £8.6 million loss before tax
September 24th, 2015
LONDON CAPITAL GROUP HOLDINGS PLC has issued today an announcement to inform on its Interim Results for the Six Months Ended 30 June 2015. Operating Summary Since the arrival of the new management team in October 2014 there has ...
China central bank orders banks to tighten supervision of clients’ forex deals: sources
September 18th, 2015
The People’s Bank of China has ordered banks to closely scrutinize clients’ foreign exchange transactions to prevent illicit cross-border currency arbitrage, sources with the direct knowledge of the matter told Reuters on Friday. China’s yuan is not freely convertible ...
China to conduct checks on firms’ forex buying to prevent speculation
September 17th, 2015
China will conduct checks on firms’ foreign exchange buying to prevent speculation, an official at the country’s foreign exchange regulator said on Thursday. Wang Yungui, head of policy and regulation department at the State Administration of Foreign Exhange (SAFE), ...
FXCM Reports Monthly Metrics
September 17th, 2015
FXCM Inc. (NYSE:FXCM) today announced certain key customer trading metrics for August 2015 for its retail and institutional foreign exchange business. Monthly activities included: August 2015 Customer Trading Metrics from Continuing Operations (1) Retail Customer Trading Metrics Retail customer ...
Forex Investors See Regulation as a Top Issue
September 17th, 2015
Tightening rules could make currency trading more difficult, expensive Global regulators are tightening rules around trading in financial markets after a series of scandals, which could make currency trading more difficult and expensive, said industry participants at a foreign-exchange ...
