Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
May 25, 2017 BY Valentina Kirilova

SEC files charges in trading scheme involving confidential government information

The Securities and Exchange Commission (SEC) announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or suppliers. The SEC’s complaint alleges that David Blaszczak, a former government employee turned political intelligence consultant,…

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clone firm FCA warning
May 25, 2017 BY Valentina Kirilova

FCA warns against First Plus Financial Group clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm First Plus Financial Group. 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…

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May 25, 2017 BY LeapRate Staff

Get ready for the FX Global Code of Conduct comments today

In less than two hours, on what might otherwise be a fairly slow day for Forex Industry News, prepare for a slew of press releases and commentary by a variety of FX industry participants (including on this site) on the about-to-be-released FX Global Code of Conduct. The new Code of Conduct, coordinated and formally issued by…

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May 25, 2017 BY Valentina Kirilova

TMX Group develops blockchain prototype for energy business

TMX Group (TSX: X) announced the development of a blockchain-based prototype to power a new service offering from Natural Gas Exchange (NGX), a North American energy exchange and a wholly-owned subsidiary of TMX Group. NGX collaborated with Nuco Inc. (Nuco), a digital infrastructure provider, to build a new system using Distributed Ledger Technology (DLT) to…

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May 25, 2017 BY Think Markets

Technically Speaking | DXY, Gold, WTI, EUR, AUD

Posted by Matt Simpson | 25/05/2017 03:00 Gold could be setting up for another leg higher whilst US Dollar Index decides if it will carve out a base or extend losses. WTI remains supported ahead of the OPEC meeting yet with expectations potentially priced in, then we’re on guard for a wake-up call. [embedded content]

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May 25, 2017 BY Think Markets

BoC neutrality lifts CAD

Posted by Matt Simpson | 25/05/2017 00:42 The Bank of Canada retained their neutral position overnight, which provided a further boost for CAD crosses alongside stronger oil prices and the slightly dovish FOC minutes. Summary of BoC May 2017 Statement BoC maintained its target for the overnight rate at 1/2 per cent Three measures of…

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May 25, 2017 BY Think Markets

CPI makes its way to the Fed's transitory mix

Posted by Matt Simpson | 24/05/2017 22:36 Despite starting the session on a firmer foot, the US Dollar traded lower following the FOMC minutes and expectations for further hikes followed suit. The US Dollar faced further pressure overnight, particularly against commodity currencies as the Fed pinned a data rebound to the likelihood of the hike…

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May 24, 2017 BY admin

BNP Paribas receives $350m fine for manipulating forex rates

French bank BNP Paribas (BNPP) has today been struck with a $350 million USD fine by New York State's banking regulator. The bank is being held responsible for its Foreign Exchange “Cartel” manipulating foreign exchange rates, engaging in collusion, executing fake trades, coordinating trades to enhance profits at customers’ expense, and improperly sharing confidential customer…

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May 24, 2017 BY FIBO Group

Pound to suffer on Hard Brexit

Published on 24.05.2017 20:48 The British pound is under further pressure today, falling for a third straight day after the terror attack in Manchester that left 22 people dead and scores more injured. At 4.45pm (GMT) the British currency was trading at $1.2940 against its US counterpart, down from $1.2962 in yesterday’s trading. Police in…

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