M-PESA is increasing its presence in Kenya, and has introduced Lip Na M-PESA. The new service will allow Kenyan residents to place transactions with supporting…
Posts published in December 2013
A major Singaporean investor, named Oei Hong Leong, whose net worth hovers around the billion dollar mark, has sued Goldman Sachs Group over two currency…
Traders Buy Yen amid Fed Tapering Concerns
The Japanese yen was rising today, getting help from speculations that the US Federal Reserve will reduce the scale of its asset purchases as early as this month. The currency has started…
EBS Sees Slight Improvement in FX Volumes During November – Future Lies in Aggregation
The British interdealer broker ICAP has released today its average daily trading volumes for the month of November, 2013. The total electronic trading volume in…
Bank of Canada Keeps Rates Steady; Loonie Falls
The Canadian dollar is falling against its major counterparts today as the Bank of Canada keeps rates steady. Citing concerns about the Canadian economy, the BOC is keeping rates low, which…
KCG Announces $100 Million Credit Facility Repayment
NYSE listed broker KCG Holdings Inc., announced today the completion of a $100 million debt principal repayment under the company’s first lien senior secured credit…
US Dollar Gets Boost from ADP Report
US dollar is headed higher today, gaining ground as the latest ADP employment is released. With this positive news, there is an expectation that the Fed really will start…
Further to yesterday’s Forex Industry Conference (FXIC) in the Chilean capital city of Santiago during which senior FX industry executives focused on the important strategic,…
8 Dealers in Derivatives Rigging Scandal Fined a Total of €1.71 Billion by European Commission
In response to policing institutions in its jurisdiction within the European Economic Area (EEA), The European Commission has fined 8 international financial institutions a total…
Leverate: Copy Trading Volume Increased Fourfold by Sirix Community
Leverate has announced to Forex Magnates today, December 4th, that Sirix copy trading volumes have quadrupled in the past 14 weeks. According to the FX…