The U.K. Financial Conduct Authority (FCA) published its finalised guidance about how brokers should be using social media for promoting their services in compliance with…
Posts published in March 2015
Yet One More Week of Massive Gains for US Dollar
The US dollar continued to demonstrate an amazing performance this week, mainly due to the outlook for an early interest rate hike from the Federal Reserve. The currency posted especially big gains versus the euro…
United Signals: Social Asset Management Made in Germany
With the world of social trading becoming somewhat crowded, there have been few differences between the different providers across the space. The Frankfurt-based company, United…
Leading multi-asset trading venue, BATS, reported that it had completed the acquisition of KCG’s currency trading unit, HotSpot. Details of the transaction were reported in…
Bank of Russia Cuts Key Rate, Sending Ruble Down
The Russian ruble dropped today after the central bank made a decision to reduce its key rate as inflation pressure abated. The ruble was strengthening lately following the earlier plunge due to sanctions…
Banks under Investigation for FX Rates Manipulation Could Face $1 Billion Fines from the US
The US federal executive legal department, the US Justice Department, is believed to be probing around the $1 billion mark for monetary fines it issues…
Euro Collapses to New Lows as Traders Flee to Safety
The euro tumbled across the board today as the risk-negative market sentiment added to the downside pressure that the currency was already experiencing. The euro dropped to the lowest level in 11 years against the US dollar…
Swiss Banking Giant UBS Settles $135 Million with US Law Firm Hausfeld in FX Fixing Litigation
UBS has reportedly settled in the on-going currency fixing manipulation. Hausfeld, an international claimants’ law firm announced details of the case. The firm stated that…
Alpari UK clients and creditors had the opportunity to vote on a number of measures on Thursday, overwhelmingly in favor of resolutions for the approval…
The monthly data which the Financial Futures Association of Japan publishes about volumes across the foreign exchange industry is out, confirming the broard trend which…