CFD and forex broker, Plus500 has announced its third quarter trading update. During the period, Plus500 reported revenues of $20,009,000, 67% above the same period…
Posts published in October 2013
US Dollar Index Drops Following Credit Rating Questions
The United States has been put on notice about its credit rating. Even though Congress managed to avert a default by raising the debt ceiling, some credit rating agencies have questions…
Euro Gains on US News, but Focus Shifts to Austerity
Euro is surging on the news that lawmakers in the United States have come to an agreement to end the shutdown and avert a default. Risk appetite has returned to the markets as Forex traders greet the news with…
Canadian Dollar Surges as USA Avoids Default
The Canadian dollar surged after US politicians reached a deal about raising the debt limit and ending the government shutdown. It was a huge relief after the prolonged period of uncertainty and riskier currencies…
Fraud is a pricey business for e-merchants
A SecureBuy and Magento study reveals that 57% of international merchants do not conduct any form of pre-fraud screening leading up to authorization – and…
PayPal encourages online business though education
With the objective of digital literacy for small to medium enterprises, PayPal begins its education campaign in Australia, third year running. In response to a…
FXCM Reports Dim Volumes for September Lower MoM
FXCM, a multi-asset specialist FX broker dealer has reported operating metrics for the month of September. Trading volumes dropped in what is expected to be the…
UK-based regulator, the Financial Conduct Authority (FCA), announced that it has officially joined the growing list of regulatory authorities investigating the latest debacle to affect…
Sources in the institutional FX industry have revealed to Forex Magnates that a trend is developing, in which banks outside Cyprus are becoming reluctant to…
Knight Capital To Pay $12 Million Penalty To SEC For Catastrophic 2012 Trading Incident
The US authorities are beginning to return to business as usual, with the Securities and Exchange Commission (SEC) today having announced that Knight Capital Americas…