Search Results for: foreign exchange
Saxo Payments to fulfill cross-border transactions for First Data clients
June 10th, 2015
Saxo Payments, the global transactions services provider, is collaborating with First Data, the global leader in payment technology and services solutions to reduce the costs – and improve the speed – of global transactions carried out by First Data’s ...
FXCM Reports Monthly Metrics
June 10th, 2015
FXCM Inc. (NYSE:FXCM) today announced certain key operating metrics for May 2015 for its retail and institutional foreign exchange business. May 2015 Customer Trading Metrics from Continuing Operations (1) Retail customer trading volume (2) of $331 billion in May 2015, 8% higher than April 2015 and 39% higher than May 2014. Average ...
China shares sink, euro rides high as yields spike
June 4th, 2015
The euro continued riding high on Thursday thanks to a spike in euro zone debt yields, while in Asian equities Chinese shares slid and tempered risk sentiment. China’s CSI300 index .CSI300 lost 1.7 percent while the Shanghai Composite Index.SSEC dropped 1.8 percent. ...
Fitch: Steep Emerging-Market FX Reserve Falls Likely to Continuee
June 3rd, 2015
Global EM FX reserves have fallen by USD524bn since June 2014, surpassing the drop in 2008-2009, and further declines are probable. Emerging-market (EM) official foreign exchange (FX) reserves have been falling steadily by an average of USD58bn a month ...
ESMA fosters derivatives market transparency
June 2nd, 2015
The European Union’s derivatives markets are becoming more transparent through the public availability of harmonised aggregate data reported to the six trade repositories (TRs) registered with the European Securities and Markets Authority (ESMA) under the European Markets Infrastructure Regulation ...
Top news of the day, May 29
May 29th, 2015
1. China’s campaign to turn the tightly controlled yuan into a global currency is crossing a new threshold, as the government plans to make it easier for individuals and companies to invest overseas. The latest initiative, expected to be ...
Hotspot Introduces Market-Leading Standards for Liquidity Providers
May 29th, 2015
New Standards for Market Makers Designed to Provide Enhanced Transparency to the Global Electronic FX Market Hotspot, a leading institutional foreign exchange (FX) market owned and operated by BATS Global Markets (BATS), today announced new standards for Hotspot liquidity ...
FXCM to Sell FXCM Hong Kong to Rakuten Sec
May 29th, 2015
FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, announced that Forex Trading, LLC, a subsidiary of FXCM Newco, LLC (“FXCM”) has signed a definitive agreement to sell FXCM Asia Limited (“FXCM Hong Kong”) to Rakuten Securities, Inc. (“Rakuten Sec”), a ...
Forex’s ‘Last Look’ Practice Gets Curbed
May 28th, 2015
Two of the world’s biggest currency-trading platforms will restrict a controversial industry practice Two of the world’s biggest currency-trading platforms plan to restrict a controversial industry practice in which banks can pull out of trades at the last moment ...
FOREX-Dollar hits highest vs yen since 2002, Aussie sags on capex disappointment
May 28th, 2015
* USD touches 124.30 yen, highest level since December 2002 * Traders are wary of verbal intervention from Japanese officials * Aussie drops after disappointing capex data The dollar hit its highest since December 2002 against the yen on Thursday ...
