The following article was written by Shoaib Abedi, Director at ICM Capital. Today, foreign exchange markets are severely impacted by the policies implemented from the central banks. These policies are aimed at meeting a number of key objectives such as achieving target growth rates, maintaining acceptable inflation levels, decreasing unemployment, and maintaining financial stability in…
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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 firm Chesterfield International Partners. Chesterfield International Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Ontario Securities Commission (OSC) Chair Maureen Jensen has announced the appointment of Tim Moseley as a Vice-Chair of the OSC, effective November 29, 2017 for a two year term. Prior to his appointment, Tim served as an OSC Commissioner and as Chair of the Adjudicative Committee. Tim brings a unique set of skills to the…
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Continuing a fairly mixed pattern of results we have seen from other leading institutional FX venues, multibank FX aggregation service FXSpotStream has announced that November trading volumes were very strong, in fact the company's third best ever month as far as trading activity goes. Average daily FX volumes in November were $22.1 billion, up 11%…
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Merrill Lynch Equities (Australia) Limited ('MLEA') has paid a total penalty of $140,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ('the MDP'), ASIC announced earlier today. The MDP found that between July 2014 and April 2016, MLEA: executed orders contrary to wholesale clients' instructions to opt out of…
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Your Weekly Trading Review by UFX.com – Sunday, December 3rd, 2017 Some of this past week’s leading economic news and events affected the financial markets: The EUR/USD and GBP/USD both fell by -0.07% and -0.35%, respectively. Gold enjoyed a slight increase of 0.44%, while Crude Oil also jumped in value by 1.67%. The 3 major US indices…
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Who is behind a new P2P binary options platform is seeking to raise money in an ICO? Why is XTB liquidating its subsidiary in Turkey? Why did Germany's BaFIN decide it necessary to 'sharpen' the negative client balance rules for CFD brokers? Answers to these questions and more appeared exclusively or first at LeapRate this…
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Dubai based integration company Noor Index Software Solution has announced the release of its Bullion Physical Trading plugin for the MetaTrader 5 platform. The application enables physical trading with delivery and storage facilities for precious metals such as gold and silver. Noor Index specializes in providing customizable financial software solutions tailored to suit diverse financial services industries. The company's…
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After seamlessly blasting through the $10,000 mark and setting an all-time high of $11,395 early last week, Bitcoin prices came back down to earth and leveled out at just above $9,000 on Thursday and Friday, beginning what looked to be a possibly uncertain December for the ever-popular cryptocurrency. But not to worry. Once again, it…
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CME Group is now in the process of launching the first bitcoin futures and the event is scheduled to take place by December 18, 2017. This will eventually put an end to doubts whether the derivatives "giant" will trust that the new bitcoin-related product will be successful or not. What is more, CME reported that…
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