Longtime foreign exchange veteran Graeme King has joined the Commonwealth Bank of Australia (CBA) as a senior spot trader after leaving Royal Bank of Canada…
Posts published in December 2014
Mark Gonzalez Named Managing Director, Head of OTC Clearing at Newedge
Mark Gonzalez, acting managing director and head of over-the-counter clearing sales in the Americas, has parted ways with Newedge after just nine months in the…
CFTC Issues IBFX with $600,000 Penalty for Failure to Meet Minimum Net Capital Requirements
The US Commodity Futures Trading Commission (CFTC) has just issued an order against Tradestation Forex, Inc. (IBFX), for violating regulations by failing to meet the…
American Watchdog Hits FXDD with Another $500,000 Fine, Limits It to Operate Only as IB
The National Futures Association (NFA) has announced it ordered FXDirectDealer LLC (FXDD), an NFA Member and previously registered CFTC retail foreign exchange dealer located in…
US Retail Forex Market Stabilized, CFTC October FCM Data Shows
According to the latest batch of data filed by the Futures Commission Merchants (FCMs) and Retail Foreign Exchange Dealers (RFEDs) with the Commodity Futures Trading…
Stellar, Ripple Trade Blame over Recent Fork That Led to Customer Losses
A recent error in Stellar’s (STR) protocol caused its ledger to fork, leading to losses of customer funds on at least one exchange supporting its…
Forex Magnates has learned that Commerzbank is winding down its Foreign Exchange Prime Brokerage (FXPB) business. The changes occur as the bank is reallocating resources…
Illinois Man Gets 4-Year Prison Sentence for Illegal Bitcoin Exchange
An Illinois man, John D. Powell, a four-year prison sentence for illegally operating a Bitcoin exchange. He will also serve three years of supervised release after his jail…
360T Appoints Christian Bock as Its Head of Sales – Germany
Multi-asset over-the-counter (OTC) trading specialist 360T has announced the appointment of Christian Bock as its newest head of sales in Germany, part of a continued…
GAIN Capital Holdings Inc. (NYSE:GAIN) has just released its latest monthly trading volumes figures for the month of November. Retail OTC trading volume totalled $221…