Brokers News 

For airline passengers, dealing with food and animal allergies is a delicate dance

“About 15 million Americans have food allergies, according to the Centers for Disease Control and Prevention” writes P K for sun-sentinel.com. Kachru notes asthmatics and those with food allergies should always carry rescue medications — an inhaler and epinephrine auto-injector.Add food allergies, and it becomes a transportation jungle. Source: sun-sentinel.com

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Brokers News 

INTL FCStone FX Prime Brokerage Revenues Jump by 60% in Q1

“Without this cash injection, FX prime brokerage operating revenues were flat year-on-year” writes Celeste Skinner for financemagnates.com. INTL FCStone’s FX prime brokerage operates under the clearing and execution services arm of the company.During the quarter, whilst the firm overall saw a dip in revenues, the company’s prime brokerage sector recorded a solid performance. This represents a jump of 32 per cent when compared to the prior year period, which recorded operating revenues of $72.2 million.For this sector as a whole, which also includes the firm’s voice brokerage business in the…

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Brokers Futures News Platforms 

NinjaTrader Brokerage expands offering via addition of options on futures

“Users of the NinjaTrader platform got access to the FX market directly through a NinjaTrader Brokerage trading account” reports financefeeds.com. In addition to the free NinjaTrader platform included with all NinjaTrader Brokerage accounts, options on futures traders will also receive free access to the CQG Desktop web-based platform for options trading and analysis.Speaking of the NinjaTrader platform, let’s note that the latest version of the platform comes with a raft of enhancements focusing on working with charts.Back to the topic of trading instruments available to NinjaTrader clients, let’s recall that,…

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Brokers Futures News 

Marex Spectron Completes Acquisition of Futures Broker RCG

“Marex Spectron, a commodities broker headquartered in London, announced this Monday that it has completed the acquisition of the customer business of Rosenthal Collins Group LLC (RCG), an independent Futures Commission Merchant (FCM)” writes Celeste Skinner for financemagnates.com. Although Marex Spectron has acquired RCG’s customer business, the company will maintain the RCG name and brand. Source: financemagnates.com

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Brokers Markets News 

Not all Brokers are Created Equal – What Sets Them Apart?

“Dealing Desk (DD) brokers are commonly known as market makers or B-book brokers are liquidity providers who create a market for their clients to trade on” reports financemagnates.com. Tier1FX is a specialist provider of prime liquidity, trading and technology solutions; The group’s reputation is built on a foundation of trust, reliability and transparency.STP FX brokers send orders directly from clients to their liquidity providers (LPs) via an electronic platform.Overwhelmingly, brokers agree that greater market transparency, relevant and timely information, liquidity, depth and best execution are extremely important for clients and…

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Brokers News 

CFTC Data: Retail FX Funds Drop 14% for Interactive Brokers

“This figure is the combination of all money, securities and property deposited by a retail forex customer into their retail forex account(s)” writes Celeste Skinner for financemagnates.com. Out of the four firms, OANDA was the only one to not report a drop in Retail Forex Obligations.Retail forex obligations, in simpler terms, means client money held for FX trading.In December the broker held $63.3 million in client funds for forex trading. Source: financemagnates.com

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Brokers News 

Interactive Brokers’ Board of Directors formalizes changes at the top

“The Board of Directors of electronic trading major Interactive Brokers Group, Inc. (IEX:IBKR) has formalized the changes at the top of the company” reports financefeeds.com. Several days after that, Interactive Brokers submitted a filing with the Securities and Exchange Commission about a trading plan.Mr Galik, age 52, joined Interactive Brokers in 1990 as a software developer and has served as President of the Company and IBG LLC, the holding company for Interactive Brokers’ businesses, since October 2014. Source: financefeeds.com

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Brokers Markets News Stocks 

For sale sign sends shares in energy broker Utilitywise crashing

“Energy broker Utilitywise has become the latest casualty of the troubled energy market after putting itself up for sale as it seeks funding for a revival strategy” writes Charlie Taylor-kroll for telegraph.co.uk. Shares fell 70pc on Monday to a record low of 1.65p, giving it a market cap of £1.3m. Source: telegraph.co.uk

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Brokers News 

The Comeback of the Bulgarian FX STP Broker License

“Indeed, recently one of our partners in Bulgaria successfully assisted an international client in obtaining an FX STP broker license from the Bulgarian financial regulator, the Financial Services Commission (FSC)” writes David Woliner for financemagnates.com. Professional competence – this covers competence in management (the “management competence”) and competence in the area of the financial activities carried out by the financial services firm (the “technical competence”).As well known to the industry, Bulgaria is an attractive jurisdiction for many reasons.This successful application comes after several years of de facto license freeze, during which…

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