CFTC Charges Two Air Traffic Controllers and Commodity Trader Michael Gomez with Fraud and Misappropriation in $1.4 Million Dollar Off-Exchange Foreign Currency Scheme
The CFTC filed charges against two air traffic controllers, Louis J. Giddens, Jr. of Fayetteville, Ga., and Anthony W. Dutton of Peachtree City, Ga., as well as commodity trader Michael Gomez of Valrico, Fla., for… Continue
Added by Francesc Riverola on June 30, 2011 at 7:00pm —
FXstreet.com Weekly Average Time on Site recovered the good track after falling to 6:25 minutes the week of Apr 17, 2011 to Apr 23, 2011 and last week touched a new all-time high of 7.35 minutes.
Good performance indeed
Added by Francesc Riverola on June 30, 2011 at 11:21am —
Why people never learns?
I know that greed is a capital sin but sometimes looks more stupidity than greed...
"He told them he was an expert foreign exchange trader who had made millions while attending the University of Southern California in 2001...Keller also told investors he would use their money to make foreign exchange trades, and he and Great White would protect them from loss."
Stay away from those protecting you… Continue
Added by Francesc Riverola on June 30, 2011 at 9:19am —
Tide is Turning for the Aussie from Forex Blog by Adam Kritzer
“Australia is about to enter a boom that should last decades…The Australian dollar is unlikely to go back to where it was, and manufacturing will shrink in importance to the economy, perhaps even faster than it has been.” This, according to Martin Parkinson, Treasury Minister of Australia. While 30… Continue
Added by Francesc Riverola on June 30, 2011 at 8:48am —
FX Brokerage: The Dawn of Institutionalization
The ranks of firms offering retail FX are set to grow as more U.S. securities firms and banks tap the white-label services of established FX brokers.
Boston, June 28, 2011 – A new report from Aite Group examines the latest trends in retail foreign exchange (FX or Forex) brokerage, with particular emphasis on the white-label… Continue
Added by Francesc Riverola on June 29, 2011 at 9:07am —
FX industry clamps down on high speed traders
by Michelle Price at Financial News
Brokers and foreign exchange trading platforms have launched an industry-wide project that will introduce greater controls on high frequency trading in the FX markets, in a further sign of the growing concern surrounding the controversial trading practice.
The industry… Continue
Added by Francesc Riverola on June 29, 2011 at 9:00am —
A colleague just received this from FXCM UK:
As announced last month, FXCM is phasing out its business in Singapore and will be unable to service Singaporean residents. On July 15, 2011, accounts owned by Singaporean residents will be liquidated and FXCM will no longer be able to compensate you for the trading activity of such clients.
Please note that your Referring Broker or Money Manager Agreement with FXCM remains active… Continue
Added by Francesc Riverola on June 29, 2011 at 8:15am —
CitiFX Pro to Service U.S. Customers of Saxo Bank
Citi has reached an agreement with Saxo Bank, the Danish online trading company, to transfer qualified U.S. customers to CitiFX Pro, Citi’s online foreign exchange trading platform for individuals and small institutions. Saxo clients that meet Citi’s eligibility and other standards will have the opportunity to opt… Continue
Added by Francesc Riverola on June 28, 2011 at 3:30pm —
ICAP signs banks to tackle FX algo trading
LONDON, June 27 (Reuters) - Broker Icap is working with clients Citigroup , Deutsche Bank (DBKGn.DE), JP Morgan and Morgan Stanley to counter risks arising from the growth of high-frequency trading in the foreign exchange market.
The banks, which are among the largest FX trading firms, have signed up to a new… Continue
Added by Francesc Riverola on June 28, 2011 at 9:08am —
FX meets Facebook, and retail trade gets transparent
By Naomi Tajitsu
LONDON (Reuters Life!) - Ask most market traders to share the details of their order book and you'll be lucky if they ever speak to you again.
The last thing professional traders want is for the rest of the market to know the detailed history of their trades, and the positions they… Continue
Added by Francesc Riverola on June 28, 2011 at 9:05am —
Added by Francesc Riverola on June 28, 2011 at 8:39am —
Those following this thrilling blog would remember that a few weeks ago we run a campaign on Facebook called "I Love Forex"
Blog Post: Facebook "I Love Campaign" Ends With Great Success
Blog Post: FXstreet.com Launches "Do You love FOREX?" Fan Campaign on Facebook…
Added by Francesc Riverola on June 27, 2011 at 1:45pm —
Usually an image is better than a 1,000 words... so here it is
Is it nice or what? :)
Added by Francesc Riverola on June 27, 2011 at 10:35am —
Hi all, Continue
With more than 1,000 recordings, our Webinars Archives section needed a bit of order and classification so you could find what you are looking for.
With a filter made of 20 categories, you can now easily browse our archives. Once on the video page, you will see in the right column of the page a box called "Related Webinars"…
Added by Francesc Riverola on June 27, 2011 at 10:30am —
Forex Industry Seeks To Prevent Flash Crash
Forex industry launches initiative to reduce risks associated with algorithmic and high-frequency trading
By Jessica Mead Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Banks and currency trading platforms have joined forces to reduce the risk that computer model-driven high-frequency traders could spark a flash crash in the… Continue
Added by Francesc Riverola on June 27, 2011 at 10:16am —
CFTC Charges Juvenal Machado and Florida-based Invers Forex, LLC with Defrauding Foreign Currency Customers of Almost $800,000 in Ponzi Scheme Continue
The CFTC filed an enforcement action charging Juvenal Eduardo Machado and his Miami, Fla.-based company, Invers Forex, LLC, with defrauding approximately $786,000 from at least 28 customers, including Machado’s friends, neighbors and members…
Added by Francesc Riverola on June 25, 2011 at 4:30pm —
Derivatives, central clearing are target of Australia study
by Felix Shipkevich at CFTC Law
The Reserve Bank of Australia, in connection with Australia’s Council of Financial Regulators, has released a discussion paper on “Central Clearing of OTC Derivatives in Australia.” As the title suggests, the paper analyzes the over-the-counter derivatives market in Australia,… Continue
Added by Francesc Riverola on June 24, 2011 at 9:22am —
NFA takes an emergency enforcement action against D2W Capital Management, Prestige Capital Advisors and its principal
June 22, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against D2W Capital Management LLC (D2W), Prestige Capital Advisors LLC (Prestige) and its principal, Toby Hunter. D2W… Continue
Added by Francesc Riverola on June 23, 2011 at 9:30am —
I was just told this morning that over 1,000 traders have registered already to participate in MyFXbook.com trading contest sponsored by FXCM.
$5,000 in total prizes will be given out. A $3,000 FXCM real funded account will go to first place and a $2,000 real funded FXCM account will go to second place Continue
The contest starts on 07/01/11 at 07:00 ET and ends on 07/31/11 at 07:00 ET.
Registration ends on 06/30/11 07:00…
Added by Francesc Riverola on June 23, 2011 at 9:23am —
Michael Greenberg at Forex Magnates already announced OANDA getting FSA license some weeks ago, but here you have today's official release
OANDA opens European headquarters in London
OANDA Corporation, provider of innovative online forex trading, highly competitive global currency transfers, and the world's most accurate… Continue
Added by Francesc Riverola on June 22, 2011 at 6:28pm —