Category Archives: Finance Magnates

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2016 Fed Rate Hike Still on the Cards?

Photo: Janet Yellen, chair of the U.S. Federal Reserve (Bloomberg) Less than a month ago the idea of a Federal Reserve Rate hike in 2016 was dead in the water, resulting in large part from the instability and uncertainty wrought by the fallout of the


Storj and Counterparty Test Near Instantaneous Bitcoin Micropayments

Photo: Finance Magnates Counterparty, a platform developing an Ethereum Virtual Machine port for the Bitcoin blockchain, has combined forces with Storj, a decentralized cloud storage blockchain startup, to develop payment channel technology for use on the Counterparty network. Storj has developed the initial proof of concept to

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Spain’s CNMV Warns Against Forex Broker Your Trade Choice

Photo: Finance Magnates Comisión Nacional del Mercado de Valores (CNMV), Spain’s securities markets watchdog, today added retail forex broker Your Trade Choice to its warning list, cautioning the public against conducting business with this entity. Not Authorised Your Trade Choice, which offers a range of


Why Has Social Trading Proved to Be Ineffective?

Photo: FM Studio This article was written by Lior Nabat, CEO of Tradency. ‘The wisdom of the crowd’ is defined as the collective opinion of a group of individuals rather than that of a single expert. In our trading industry the wisdom of the crowd

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Get Ready for TRY/USD Volatility as Turkish Lira Takes a Dive

Photo: Bloomberg FX traders and brokers with remaining exposure to the Turkish lira should brace for additional volatility in the exchange rate at market open and beyond. Caution is of course also recommended to those with any exposure to leveraged Turkish stocks via CFDs. On Friday the Turkish Lira suffered


HY Markets Rebrands as HYCM, to Launch New Website

Photo: Bloomberg Henyep Capital Markets is rebranding its HY Markets brokerage under the name of HYCM, according to a message on the company’s website. The HYCM branded website with new tools and platforms will officially launch tomorrow, Monday July 18th, 2016. The company notified its clients that following

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GAIN Capital Beats OANDA as FXCM Plans Selling $125m in Securities

Photo: Finance Magnates During the passing week the most interesting stories from the online trading industry included new developments in the U.S market, a possible new instrument tracking the price of Bitcoin and a bureaucracy-fighting measure by the Cypriot regulator. We bring here some of the


FINRA Taps Vanguard’s John Brennan as Chairman

Photo: Aziz Abdel-Qader The Financial Industry Regulatory Authority (FINRA) has reported on Friday that its board has unanimously elected John J. “Jack” Brennan as its Chairman, effective the same day that former SEC’s Robert Cook is set to start his term as the regulator’s new