CME Group disciplines Deutsche Bank AG London branch for trading violation LeapRate

December 12, 2023 BY Elizabeth Anderson

CME Group disciplines Deutsche Bank AG London branch for trading violation

The CME panel's investigation uncovered that on 8th June and 9th June 2022, DBAG London was utilising an automated trading system (ATS). This system executed numerous conflicting buy and sell orders on behalf of a single account across three distinct futures markets: June 2022 New Zealand Dollars Futures (Non-inverted CME FX Link Spreads), Swiss Franc…

December 12, 2023 BY Elizabeth Anderson

Cboe Silexx unveils version 23.12 with exciting enhancements

The key highlights of this system release aim to introduce users to the open Position Analyzer feature, a tool which allows users to analyse an order before placing it by clicking the menu icon within MT (Market Trader) and QT (Quote Trader) tickets. This action then opens a Position Analyzer module, loading all legs from…

December 12, 2023 BY Elizabeth Anderson

FP Markets set to sponsor Cricket Brasil Youth Development Programme

In a press release, ICC Americas (an international cricket administrative body spanning across the Americas) addressed the positive impact of this new sponsorship on community engagement, ethical business practice and social initiatives. ICC Americas noted how FP Markets’ donation and support of youth development will empower young children and adolescents through education and physical activity.…

December 11, 2023 BY Simon Mugo

USDJPY Rises as US Dollar Surges Against the Yen on Dovish BoJ

The primary cause for this shift is a recent overnight announcement from the Bank of Japan (BoJ). In this statement, the BoJ retracted its previous indication that it might abandon negative policy rates for the first time in many years, a stance it has now decided against. This change in position by the BoJ has…

December 11, 2023 BY Simon Mugo

Google Anticipates Crypto ETFs Approval With New Crypto Ads

The updated policy is applicable worldwide, and Google expects advertisers to adhere to the legal requirements in their targeted areas. To advertise cryptocurrency coin trusts, entities must be certified by Google, holding the necessary licenses and fulfilling all legal obligations in their target regions. Google's current policy permits certain types of cryptocurrency advertisements but excludes…

December 11, 2023 BY Elizabeth Anderson

Macy's department store considers $5.8bn investment offer

At the close of Friday 8th December’s market, Macy’s shares were trading at $17.39. The investing group, however, have offered $21 per share, higher than current prices but far lower than 2015 when the store’s shares hit $70. A spokesperson from Macy’s noted the slowdown of in-store spending, and the rise of online purchases which…

December 11, 2023 BY Elizabeth Anderson

Options Technology names Laura McCann as Chief Financial Officer

Options CEO Danny Moore said Lambert had laid the foundations for the company’s recent success but that it was now time for McCann to step up and enact the next part of its long-term strategy. That will involve connecting the more prominent teams in Option’s offices in London, New York and Chicago with its base…

December 11, 2023 BY Elizabeth Anderson

FCA lacks “specialist skills” to regulate crypto says UK watchdog

A report found that around three-quarters of people in senior positions at the FCA have been in their respective roles for less than four years. The lack of experience across senior leadership has contributed to struggles in straightening out crypto regulations and clamping down on illegal crypto-related activities. Don’t miss out the latest news, subscribe…

December 08, 2023 BY Simon Mugo

EURUSD: Euro Falls Against Dollar on Upbeat Non-Farm Payrolls

In addition to the information mentioned above, the non-farm payrolls report also revealed that the Unemployment Rate declined, dropping from 3.9% in the same period to 3.7%. This shift indicates a positive trend in the labour market. As measured by the change in Average Hourly Earnings, annual wage inflation remained stable at 4%, aligning with…

December 08, 2023 BY Simon Mugo

IG Group Appoints Breon Corcoran as CEO, effective January

Charlie Rozes will continue to serve as Interim CEO and Group CFO until Breon assumes his role. Upon Breon's arrival, Charlie will maintain his position as Group CFO and will remain a member of the Board. Breon Corcoran brings a wealth of experience in leading multinational fintech firms and successfully executing their growth strategies. He…