The following article was written by freelance writer Tom Worn. Unfortunately, just like many other enjoyable activities, forex trading can become addictive and even harmful. Perhaps not directly harmful to your health like drugs, but financially harmful like gambling. To be clear, I am not equating forex trading to gambling, far from it. The two…
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EEX Group continued to build upon its growth path in 2017, recording significant increases in trading volumes on the natural gas, emissions and agricultural markets. Volumes also increased on the power spot markets while the power derivatives markets showed a year-on year decrease. While the power market was driven by major regulatory uncertainty in 2017,…
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It's been a pretty dark week for the cryptocurrency market. Bitcoin just dropped with $1,300 in 1.5 hours. Other cryptos, such as Ethereum, Ripple and almost all other alt coins are plunging with lightning speed this week. Bitcoin is currently trading at around $11,000, which is a major blow to the value of the "people's…
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Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms and financial services software providers, today announced its newest software application hosting client, TraderTools. TraderTools, a financial technology firm providing FX market participants innovative solutions for liquidity access and distribution through its Unique Liquidity Network™ (ULN™), has completed migrating all…
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Worlds colliding. NASDAQ traded Long Blockchain Corp (NASDAQ:LBCC) - formerly known as Long Island Iced Tea Corp. - has announced its planned merger with the parent company of FCA regulated FX broker Stater Global Markets. However, the deal seems to revolve around the new passion of both companies - Blockchain technology. Long Blockchain announced that it…
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The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from Breakaway Finance Group Pty Ltd (Breakaway) to cancel their Australian Financial Services (AFS) license. The EU also includes Breakaway's sole director, Mr Mark Roberts, who will remove himself from the industry for at least two years. Following an ASIC surveillance into…
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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 Skyblue Capital. Skyblue Capital is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Vontobel is the first issuer to offer an open end tracker certificate on bitcoin cryptocurrency on Swedish NGM Exchange. The tracker certificate enables investors to participate in the bitcoin price performance without buying and storing bitcoins digitally. In addition, the tracker makes bitcoin to a securitized financial instrument which can be traded simply and transparently…
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Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it has agreed to acquire Quayle Munro Limited (Quayle Munro), an independent advisory firm that provides corporate finance advisory services to companies underpinned by data & analytics, content, software, and services. The agreement was signed on January 15 and is expected to close following…
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The CSD Working Group on DLT, which includes National Settlement Depository (NSD), and SWIFT announced that they have signed a Memorandum of Understanding (MOU). In addition to NSD, the CSD Working Group on DLT includes Strate (the CSD of the South African Republic), SIX Securities Services (the international CSD located in Switzerland), Nasdaq (CSD in…
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