September 2013 Archives

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Alpari UK has announced that it:

Has expanded its product range with the introduction of binary options. Alpari UK’s new web-based binary options platform gives new and experienced traders even more opportunity to take advantage of short and long-term market moves.

More on Alpari UK Launch Binary Options Web Platform

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Somewhat unusually for the Trading Gurus, here we reproduce in full today's statement by CFTC Commissioner Bart Chilton, without further comment:

On September 30th, at the stroke of midnight, our country will face a government shutdown unless a continuing resolution to fund it is adopted.  That would be grave news for consumers.

More on Boom, Boom, Out Go the Lights

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In a news release yesterday FXCM announced that:

Its U.S. subsidiary Forex Capital Markets LLC has agreed to assume the forex accounts of Alpari US LLC.

On Friday, September 27, 2013, accepted Alpari U.S. accounts will be transferred to FXCM U.S. after the close of trading.

More on Alpari US Retail Clients Move to FXCM

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OANDA announced in a press release today that:

It has acquired Boston-based Currensee Global Inc., a leader in forex market copy trading within a proprietary social trading network. Together, the integration of the two leading technology platforms from OANDA and Currensee will provide traders with a unique offering.

More on OANDA Announces Acquisition of Currensee

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In a press release today Argon Design from Cambridge in the UK have announced what they describe as:

A high performance trading system using a heterogeneous mix of technologies to minimize trading latency.

The mix of technologies is provided by their use of the Arista Networks 7124FX application switch which:

More on Argon Design an FPGA Based HFT Platform

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In a press release this morning the US Commodity Futures Trading Commission announced that it has:

Today issued an Order against ICAP Europe Limited (ICAP), an interdealer broker, bringing and settling charges of manipulation, attempted manipulation, false reporting, and aiding and abetting derivatives traders’ manipulation and attempted manipulation, relating to the London Interbank Offered Rate (LIBOR) for Yen. LIBOR is a critical benchmark interest rate used throughout the world as the basis for trillions of dollars of transactions. ICAP is a subsidiary of U.K.-based ICAP plc.

More on CFTC Fines ICAP $65 Million for LIBOR Manipulation

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It's all go on the mergers, acquisitions and transfers front this week! Swissquote Bank announced in a press release earlier today that:

Swissquote Bank is acquiring a 100 percent holding in MIG Bank effective 25 September 2013. The acquisition of this major forex broker secures Swissquote Bank a place among the world’s largest forex service providers. The goal is to merge MIG Bank with Swissquote Bank.

More on Swissquote Acquires MIG Bank

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Regular readers of the Trading Gurus blog will know that the Son of Ray the Random Robot™ has been simultaneously spreadbetting a variety of live MetaTrader accounts for nearly two years now. The equity curve for his live GKFX MetaTrader 4 account can be seen to the left of this article.

More on Ray Robot II Ported to Java

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