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DGCX in deal to launch innovative FX productsThe Dubai Gold and Commodities Exchange (DGCX) said it has signed an agreement with FXCM Group to collaborate on launching new and innovative FX products on the DGCX. FXCM Group is a leading international provider of online foreig More… |
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Saudi reforms to continue: reportThe introduction of excise taxes in Saudi Arabia is likely to bring in annual revenues of SR8-10 billion ($2.1-2.7 billion; 0.35 per cent of GDP), according to government estimates, said a report. While the 2.5 per cent real estat More… |
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Saxo Bank cuts FX trading costs by up to 50pcSaxo Bank, an online trading and investment specialist, has launched a new pricing structure which reduces the FX trading costs by up to 50 per cent and provides the opportunity to trade stocks for as low as $6 dollars per trade. More… |
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SocGen sees 25pc chance of Saudi FX devaluationThere is at least a 25 per cent chance of a near-term devaluation of the Saudi Arabian riyal, rising to 40 per cent should oil prices stay at current levels throughout 2016, Societe Generale said on Thursday. The Saudi riyal's More… |
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China's FX move raises question: where's the inflation?China's currency devaluation bombshell this week blew apart the growing consensus that global inflation had bottomed out and was slowly moving higher, forcing investors to reconsider their assumptions on a wide range of financial markets. More… |
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5 banks face criminal charges, $5bn bill over FX riggingFive of the world's biggest banks are expected to be hit with a combined bill of more than $5 billion and criminal charges on Wednesday in a settlement with US and British authorities over rigging of currency markets. It will More… |
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Deutsche Bank named top FX bank in MideastDeutsche Bank has been named the leading forex (FX) bank in the Middle East with 16.15 per cent of overall market share. This is attributed to the significant investment Deutsche Bank made in upgrading its pricing and distribution syste More… |
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Thomson Reuters boosts FX matching platformThomson Reuters, the world's leading source of intelligent information for businesses and professionals, has announced a number of significant enhancements to its FX Matching platform. The move is aimed at bringing increased c More… |
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ADS starts new service for FX tradersAbu Dhabi-based ADS Securities (ADSS) said it has launched an innovative and game-changing new service, Prime, which is designed for professional and high-net worth FX, currency, and bullion traders. Prime will provide institutional s More… |
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Barclays launches online forex monitorUK-based Barclays Wealth, a leading global wealth management firm, has launched a free online tool which monitors foreign exchange rates for its clients. Barclays Wealth iAlert allows clients to monitor up to 75 currency pairs, with subscr More… |
