News/Retail
Gain Capital revenues down as retail volumes halve
Margin forex broker takes hit from fall in retail forex volumes but aims to build institutional business.
Banks suspend dual-currency deposit sales in Japan to re-document under new regulation
Returns on dual-currency and structured deposits will not be covered by state insurance scheme, Japanese FSA decides
AML under the spotlight at FXDD
Retail broker slammed by industry regulator for compliance failures, signalling continued threat of abuse at retail forex brokers
Advanced Markets exits US retail market
Margin forex brokers continue to exit US market to focus on institutional business
Saxo creates new client office after two key departures
Saxo Bank has opened a new department focused on products and services, following the departure of its heads of marketing and platforms
FXCM rolls out dealing desk to fight price war
The retail brokerage has launched a principal-based execution option to create tighter spreads for smaller clients, but will continue to advocate its preference for the agency model
Technology key for Saxo at 20
Saxo Bank celebrated its 20th birthday last month by flying its staff out to Egypt for a celebration in front of the Pyramids, hosted by co-founders Kim Fournais and Lars Seier Christensen. Robert Mackenzie Smith meets them in Copenhagen
Barclays Stockbrokers taps FXCM for retail FX platform
FXCM replaces Integral as the chosen technology provider for Barclays Stockbrokers' new FX trading platform
Australian regulators clamps down on leveraged forex trading
Australia joins global regulators to roll out rules protecting retail foreign exchange client assets
Saxo marks 20 years with staff party in Egypt
Danish investment bank Saxo Bank celebrated its 20th birthday last week by flying its staff to Egypt for a party hosted by its co-founders
Saxo boosts platform performance for Chinese users
The Danish investment bank has completed a programme of investment in its network to improve the SaxoTrader platform for users in China, cutting connection time by 60%
Gain Capital’s product head eyes growth for institutional platform
Muhammad Rasoul, who joined Gain Capital from GFT Markets last month, will be responsible for three of the firm’s key products and sees particular potential for growth in its institutional platform, Gain GTX
MAS tests new rules for margin FX trading
Singapore looks to reduce over-leveraging by retail FX traders
Oanda promotes Asia head to CEO
K Duker, head of Oanda's Asia-Pacific division, is to relocate to Toronto to succeed Michael Stumm as chief executive
Gain Capital adopts StreamBase LiveView
Real-time analytics platform will enable Gain Capital to ensure its liquidity partners are providing consistent FX prices
MIG Bank opens for business in London
The Swiss online trading specialist has received approval from the FSA to open a subsidiary in London, just weeks after it opened in Hong Kong
Cyprus becomes latest stop in Saxo’s global expansion
Saxo Bank is continuing its move into new markets with the opening of a Cyprus office today, headed up by Vitali Butbaev
HSBC in Hong Kong retail forex foray with Oanda
HSBC launches margin FX trading services for retail investors in Hong Kong using technology by Oanda
Saxo continues global expansion with SA office
Saxo is now targeting growth in the Middle East and South America, following its Johannesburg launch this week
Saxo takes mobile trading to new heights
Danish bank engineers the execution of a eurodollar trade on a mobile device during a base jump, as part of a new advertising campaign
Saxo Bank reshuffles staff to drive platform development
Erik Bjørn Jensen is promoted from regional commercial officer to head of content strategy
Saxo to reveal open FX positions on tradingfloor.com
Saxo Bank's trading commentary and analysis website, TradingFloor.com, this week unveils a new module to provide information on FX open positions
Oanda continues to boost global presence with Japan operation
Oanda chief executive Michael Stumm attributes the decision to open operation in Japan to regulatory changes
Knight Capital to launch Hotspot Private Label by end of the year
Private label offering includes administrative and risk management tools and full reporting capabilities