The U.S. Securities and Exchange Commission (SEC) has announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data breaches in which hackers stole personal data relating to hundreds of millions of…
Read moreFacing trouble both at home and abroad, X Trade Brokers Dom Maklerski SA (WSE:XTB) nevertheless has issued preliminary results for Q1-2018 indicating record Revenues and Profits for the Warsaw based company. X Trade Brokers, which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, reported that Q1 2018 Revenues came in at PLN 113.7…
Read moreThe Extraordinary General Meeting of the Warsaw Stock Exchange (GPW) has appointed Marek Dietl as President of the Exchange Management Board for a new term of office On 23 April, the Extraordinary General Meeting passed a resolution under the agenda item concerning changes to the Management Board, tabled by request of the State Treasury which…
Read moreFollowing the implementation of MiFID II in January 2018, a new survey reveals that UK fund managers believe the more stringent financial regulations are having a detrimental impact on small and mid-size quoted companies, both in terms of their research coverage and liquidity in their shares. According to the survey of 100 UK-based fund managers,…
Read moreMicrosoft Corporation (NASDAQ:MSFT) and Copenhagen based Forex and multi asset broker Saxo Bank have today announced a strategic partnership with the aim of running Saxo Bank’s entire technology stack on the Microsoft Cloud. The companies said that financial services are at a transformational tipping point. It is key for financial organizations to harness data and cloud…
Read moreAndrew Bailey, Chief Executive of the UK's Financial Conduct Authority (FCA) has today given a speech at the City Week ‘The International Financial Services Forum’, Guildhall, London, regarding Brexit, UK and EU authorities, and more. Highlights of it include: Now is the time for the UK and EU authorities to come together and work on…
Read moreThe Nigerian Stock Exchange (NSE) has announced that it has signed a Memorandum of Understanding (MoU) with RecyclePoints Limited for the collection and recycling of waste materials generated at The Exchange’s offices. This initiative is also a demonstration of the Exchange’s effort to ‘End Plastic Pollution’, which is the theme of this year’s Earth Day,…
Read moreThe Hong Kong Securities and Futures Commission (SFC) announced that it has reprimanded CN Capital Management Limited (CN Capital) and fined it $1,000,000 for failing to maintain an effective compliance function and satisfactory internal controls concerning employee account dealing. The SFC has also reprimanded its responsible officers, Mr George Chan Yee Lee and Mr Stephen…
Read moreThe growing brokers' demand for MetaTrader 5 fuels the interest of vendors Forex trading platform developer MetaQuotes has shared that the trend is evident - 3 months after launching the Marketplace, the number of its participants has doubled. Among the most notable integrators who joined the project are Dynamic Works, Fortex Inc, Brokeree Solutions and…
Read moreCryptocurrency trading by financial firms could increase in 2018 according to information giant Thomson Reuters (NYSE:TRI)'s survey, with approximately 20% of the participants indicating they are considering trading cryptocurrency over the next 3-12 months. The survey was conducted among 400+ clients across all of Thomson Reuters trading solutions including Eikon, REDI, and its FX platforms.…
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