Monday, March 19, 2012

Ohio ditches BNY Mellon over forex prices dispute

Ohio ditches BNY Mellon over forex prices dispute

Ohio ditches BNY Mellon over forex prices dispute

Posted: 19 Mar 2012 04:49 AM PDT

Although it was surely expected now it’s official: Ohio drops BNY Mellon over forex price transactions dispute.

The Ohio Treasurer’s Office will not be doing business with either Bank of New York Mellon Corp. nor State Street Corp. , the Cleveland Plain-Dealer [visit site to read more]

Special Report: FSA cracks down on WorldSpreads

Posted: 19 Mar 2012 04:17 AM PDT

Exclusive coverage London:
Leading Irish broker was entertaining the FSA on the weekend as regulators are majorly concerned with the financial state of the company.

The news follows the resignation of their CEO and suspension of their shares.

More news to … [visit site to read more]

LCH.Clearnet officially launches ForexClear, its forex clearing service

Posted: 19 Mar 2012 02:19 AM PDT

As the forex market is maturing and becoming more ‘institutionalized’ and liquid clearing becomes one of the major issues facing this market. LCH’s ForexClear will handle clearing of FX NDFs through its 14 founding members. ForexClear was authorized by the FSA.

LCH.Clearnet Limited (LCH.Clearnet), the world’s leading independent multi asset class clearing house, today began clearing … [visit site to read more]

Tacirler Securities and Anadolu Securities acquire the Turkish forex license bringing the total number of licences to 7

Posted: 19 Mar 2012 01:29 AM PDT

It seems CMB is taking the forex licensing process seriously and has already approved 7 forex brokers. Tacirler Securities and Anadolu Securities join the previously approved 5 other brokers:

  • Integral Securities (former Ulukartal Forex)
  • İş Yatırım (İş Bank owned broker)
  • Turkish Yatırım (Turkish Bank owned broker)
  • Gedik … [visit site to read more]

OANDA to start offering CFD trading

Posted: 19 Mar 2012 01:07 AM PDT

Continuing the trend of forex brokers trying to diversify their offering to clients OANDA is becoming the latest broker to start offering CFD trading.

Many brokers are now trying to see whether CFDs present lucrative enough opportunity for them to enter this market. CFD market is not that big however and is mainly popular in United Kingdom and Australia with IG Markets being by far the largest CFD broker.

CFD trading is illegal in the United States. FXCM is one of the largest forex … [visit site to read more]
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