The following is based on research by John Hardy, Head of FX Strategy at Saxo Bank. More of John’s research can be seen at Saxo Bank's TradingFloor.com. EURSEK could test 10.00 level EURUSD projections indicate 1.2300-plus 'The Aussie truly is down under' Global equities were under pressure overnight, picking up on the underlying theme of…
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FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, has today released Recommended Practices for Commission Unbundling as required by MiFID II. MiFID II has introduced the requirement to explicitly separate commissions into their component parts (e.g. execution, research) with a focus on the specific identification of the research component…
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Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments and financial messages on premise or as a cloud service, today announced its partnership with Open Vector, an advisory firm specialising in providing open banking consultancy services. The partnership between Open Vector and Volante Technologies creates an end-to-end service…
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Singapore Exchange (SGX) announced that it has today welcomed Hong Kong-based Xin Hua Securities to its derivatives market as a Trading Member. Michael Syn, Head of Derivatives at SGX said: We are pleased that Xin Hua Securities has joined SGX as a Derivatives Trading Member as we continue to expand our footprint in Greater China.…
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NEX Group (LON:NXG), a financial technology company at the centre of global markets, announced today it has signed a Statement of Commitment to adopt the principles of the FX Global Code across its EBS FX trading platforms and NEX Optimisation services. NEX announced the signing of the Statement of Commitment and introduced a new NEX…
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LeapRate Exclusive... Watch out FCA regulated FX and CFD brokers, here they come. LeapRate has learned that Betfred's new entrant in the FX and CFD brokerage space, TradeFred, is expanding with a soon-to-be-launched EU regulated entity in Cyprus. TradeFred has also already expanded its international footprint with a live operation in Australia. And, the company…
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Vela, the premier market access technology provider, today announced the launch of its Systematic Internaliser (SI) Data Hub, part of its comprehensive MiFID II solution suite. Vela has also confirmed the addition of Sun Trading as part of its roll-out of new Systematic Internaliser venues. Vela’s SI Data Hub provides clients with access to multiple…
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The Financial Markets Authority (FMA) informed that it has concluded an investigation into certain trading activity by Goldman Sachs New Zealand LTD (GS). The GS investigation was prompted by concerns arising from an investigation into trading by Mark Warminger and Milford Asset Management. The FMA was concerned that GS trading may have been in breach…
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European Commodity Clearing (ECC) and the Allocated Bullion Exchange (ABX) announced that they have agreed to cooperate in the field of clearing and settlement. ABX, established in 2011 with its headquarters in Brisbane / Australia, operates the exchange platform for spot allocated physical precious metals, offering trading services for gold, silver and platinum contracts. Under…
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The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Bitcoin has become one of the most controversial financial instruments across the globe. Based on a shared public ledger named after a blockchain, the bitcoin has rapidly become known to the average retail trader…
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