MEFF (Mercado Español de Futuros Financieros) announced that it is to launch new FX futures contracts this year, called FX Rolling Spot Future (xRolling™), thus expanding the range of assets it currently offers its members and investors. The product will be a "perpetual" Future on the main pairs of currencies and with extended trading hours…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Karel Besta / KB Financial Solutions. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part…
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Since the release of bitcoin in 2009, cryptocurrencies have been making waves in the finance industry. Finder has asked fintech specialists to give their 2018 cryptocurrency predictions. For January, four panelists threw their hats into the ring to predict the movements of some of the top-trending cryptocurrencies: bitcoin (BTC), Bitcoin Cash (BCH/BCC), Cardano (ADA), Ethereum…
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Dubai Financial Market (DFM) informed that it has today launched the Allocation Account mechanism as part of its continuous efforts to create the mechanisms and services that support the trading activity of various market participants. The Allocation Account enables brokerage firms to use a combined account with the clearinghouse in order to execute buy and…
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Establishes connectivity to the Norwegian Central Securities Depository Torstone Technology, a global provider of post-trade securities and derivatives processing, today announced that it has entered the Norwegian market by connecting its flagship Inferno platform to Verdipapirsentralen ASA (VPS), Norway’s Central Securities Depository. Inferno is a modern, flexible, scalable and cost-effective post-trade platform which will enable…
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The former head of Barclays Capital Inc.’s New York foreign exchange trading operation was charged yesterday in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as “front-running.” The charges relate to the manipulation of foreign exchange options in advance of an exceptionally…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Leucadia National Corp. (NYSE:LUK) is planning a take a charge to earnings in the neighborhood of $450-500 million when it reports its fourth quarter 2017 results. The culprit? The newly-passed US Tax Cuts and Jobs Act. On December 22, 2017, the Tax Cuts and Jobs Act was…
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Derivatives marketplace CME Group (NASDAQ:CME) has announced it reached a daily trading volume record for Henry Hub Natural Gas futures on January 12, 2018, of 1,022,858 contracts - surpassing the 1 million milestone for the first time. The previous single-day trading volume record was 995,129 contracts set on January 11, 2018. CME Group offers Henry…
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ASIC just informed that it has accepted a voluntary variation of the Australian financial services (AFS) license of HLB Mann Judd Corporate Finance Pty Ltd, excluding the firm from providing advice as an independent expert. This means that HLB Mann Judd cannot prepare or provide independent expert reports (IERs), opinions or valuations in connection with…
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Abu Dhabi Securities Exchange (ADX), the region's financial market, announced that it has signed a Memorandum of Understanding (MoU) with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD) companies to collaborate on Distributed Ledger Technology (DLT) implementation in post trade operations, as well as capital market transactions.…
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