ASIC has noted the decision by Richmond Club Limited, operating in the Hawkesbury region NSW, to reissue its 30 June 2016 financial reports to: recognise revenue of $1.1 million over the period of a contract for the use of assets, which runs from May 2015 to April 2016. Revenue had previously been recognised on the…
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Pragma, a multi-asset quantitative trading technology provider, announced that has enhanced Pragma360’s algorithmic suite to support triangulation of cross pair trading. The new functionality, created in response to client demand, allows traders to trade cross-pairs through triangulation to achieve better prices. By splitting the trade across more liquid currency pairs then triangulating the liquidity through…
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Leading Australia-based retail forex broker Pepperstone has announced the launch of a new Autochartist service to their clients, called Trade Now. In this launch Pepperstone becomes the world’s first brokerage company to adopt Autochartist’s new trading functionality that allows clients to place trades directly from Autochartist’s email research. Autochartist is a leading chart pattern recognition…
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Euronext has announced the launch of the Morningstar Eurozone 50 IndexSM and Morningstar Developed Markets Europe 100 IndexSM on Euronext. The launch of the new European indices for blue chips follows the signing of a strategic agreement with Morningstar announced in March 2017 to develop a series of derivative products based on Morningstar indices. The…
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Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced that under the terms of the Company's 2014 Employee Share Incentive Plan and on the recommendation of the Remuneration Committee, the Board yesterday granted options over 1,120,000 TechFinancials' ordinary shares to employees, directors and consultants to the Company at an exercise price of US$0.0915 (approximately 7…
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The Securities and Exchange Commission (SEC) charged Halliburton Company with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making payments to a local company in Angola in the course of winning lucrative oilfield services contracts. Halliburton, which profited by approximately $14 million from…
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ASIC announced that has accepted an enforceable undertaking from Avalon Pacific Capital Pty Ltd in relation to its dealing in securities of five overseas registered companies listed on the National Stock Exchange of Australia (NSX). ASIC is concerned that Avalon Pacific ought reasonably to have suspected that the orders were placed with the intention of…
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Investment giant Leucadia National Corp. (NYSE:LUK) has issued its second quarter results report, giving a little more insight into the money still owed to it by the FXCM unit of Global Brokerage Inc (NASDAQ:GLBR). According to Leucadia, they have nearly recovered the full amount of cash they invested in FXCM in January 2015, and still have $122.1 million…
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Thomson Reuters Corp (NYSE:TRI) just announced completed enhancements to its FXall and FX Trading desktops to ensure clients trading on Thomson Reuters Multilateral Trading Facility (MTF) remain fully compliant with the new MiFID II execution requirements for FX derivatives that will take effect in January 2018. The enhancements enable Thomson Reuters to add MTF-support for…
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Singapore Exchange (SGX) today reported FY2017 net profit of S$339.7 million (S$349.0 million), against revenues of S$800.8 million (S$818.1 million). Excluding a one-off loss of S$4.0 million from the disposal of its investment in the Bombay Stock Exchange and one-off acquisition costs of S$3.7 million for the Baltic Exchange, underlying net profit in FY2017 would…
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