Bitcoin has just passed the critical price level of $8,000, jumping from $6,000 just a month ago. The new price increase suggests that we may seen be seeing Bitcoin hitting $10,000 and moving steadily up. As of this writing, Bitcoin is currently trading at $8,299, according to CoinDesk. One of the lowest points for Bitcoin…
Read moreThe UK’s leading wealth management and financial advice association PIMFA has issued a notice which raises its concerns on the potential impacts of a ‘no-deal’ Brexit, and how it will affect both private investors as well as PIMFA’s member firms. PIMFA is the leading trade association for firms that provide investment management and financial advice to…
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Online multi-asset trading services and currency data and analytics company OANDA’s trusted Exchange Rates API now offers forward rates to corporate clients around the world. In addition to OANDA’s existing daily averages, real-time (spot) rates, central bank exchange rates and tick-level data that already helps help treasury, risk management and finance departments mitigate currency exposure…
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LeapRate Exclusive... LeapRate has learned that FX liquidity and prime brokerage services provider IS Prime, part of ISAM Capital Markets, has embarked on a campaign which is seeing it offer negative balance guarantees to Retail FX brokers, on a case by case basis. The FCA regulated Prime of Prime brokerage has apparently developed this offering following requests…
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Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, has just announced that its Singapore entity, Virtu Financial Singapore Pte. Ltd. has received High Speed Trading (HST) Registration with Japan’s Financial Services Agency (FSA). In November 2017, Virtu submitted a comment letter supporting the FSA’s HST proposal and…
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The State Drug Administration notified on July 15 that Changchun Changsheng Bio-technology Co., Ltd. (Changchun Changsheng), subsidiary of Changsheng Bio-technology Co. Ltd. (the Company), was found violating relevant laws and regulations while producing freeze-dried rabies vaccines for human use. According to the notification, the State Drug Administration has launched an investigation on Changchun Changsheng and…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company BCG Wealth Group. BCG Wealth Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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European payments provider Klarna has just announced a partnership with Europe’s largest independent online beauty retailer, BEAUTY BAY. BEAUTY BAY customers will now be able to use Klarna’s Pay later service when checking out online, enabling shoppers to receive their products and pay for them up to 30 days later, with no interest or fees.…
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Deutsche Börse AG and European Central Counterparty NV (EuroCCP) announced that they have signed an agreement, which will govern the project for EuroCCP to gain access to the Frankfurter Wertpapierbörse (FWB), the Frankfurt Stock Exchange. This solution provides self-clearing exchange members and clearing agents with a choice of CCP for cash equities traded on FWB.…
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Itiviti, the global provider of multi-asset trading technology and financial infrastructure, has announced that Edelweiss Securities Limited (ESL), India’s brokerage firm has successfully deployed Itiviti’s client connectivity and high touch trading solution to support its algorithmic trading business. ESL made the decision to replace their existing system with Itiviti’s best in class modular solution to…
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