On 10 November 2017 the Central Bank of the Russian Federation registered a revised methodology for the calculation of Moscow Exchange (MOEX)’s indices. The new methodology increases liquidity requirements for component stocks and allows for a variable number of stocks to be included in the indices. The changes are aimed at increasing interest in Moscow…
Read more
FCA regulated retail forex broker ICM Capital has announced that it has launched trading on the cryptocurrency, bitcoin. Confirming the move on Monday (3th November), ICM Capital said trading had commenced on Bitcoin CFDs, a widely traded cyptocurrency. The move would enable traders to take a position on whether the value of the cryptocurrency will…
Read more
Your Weekly Trading Review by UFX.com – Sunday, November 12th, 2017 Here are some of the major financial events of the past week and how they affected the global financial markets: EUR/USD rose by 0.20%, closing at $1.1665. The GBP/USD increased by 0.39%, closing at a £1.3196 exchange rate. The Dow fell by 0.17%, closing at 23,422.21.…
Read more
Following the close of equity markets in the US on Friday afternoon, Global Brokerage Inc (NASDAQ:GLBR), formerly known as FXCM Inc, announced that it will be filing for "Chapter 11" protection under the United States Bankruptcy Code, as part of a planned reorganization of the company. Global Brokerage's main asset is its 50.1% holding in FXCM…
Read more
Forex Industry News this past week was dominated by a number of new partnerships and agreements. Former competitors cooperating. FX liquidity agreements. Expansion to China. This week had it all, and you read about it exclusively or first at LeapRate. Where did Gain Capital Holdings Inc (NYSE:GCAP) go for its new COO? How are former…
Read more
The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, How many times have you tried to fight the market just to find out that it is virtually impossible to win unless you join it? Today, we will focus on the matter, and this week’s article…
Read more
Bitcoin price is tumbling with around $1,000 after the upgrade that was scheduled to take place on the 16th of November was called off. Now, investors seem to invigorate interest towards Bitcoin Cash (BCH). After Bitcoin reached an all-time high of $7,800 in the past few days, after SegWit2x was cancelled, the current price is…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm iCash Loans. 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 of their tactics to…
Read more
The European Securities and Markets Authority (ESMA) informed that it has added 4 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The new Q&As cover the topics of post-sale reporting, record keeping, and inducements. The…
Read more
The Liquidators of the Connaught Fund have made the following comments on the announcement this morning that the FCA has arrived at the conclusion of its investigation on the conduct of CFM and that as a consequence of censure, a further sum of up to £66m is to be distributed to investors in the Fund.…
Read more