The European Securities and Markets Authority (ESMA) announced that has added 2 new Q&A 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&A cover the topics of recording of telephone conversations and electronic communications, and…
Read more
Euronext announced the closing of the acquisition of a 60% stake in iBabs, a Dutch provider of dematerialised board portal solutions for corporates and public organisations, for a consideration of €30.1 million. iBabs, based in the Netherlands, provides an efficient and secured board portal solution to close to 1,000 companies and public organisations with more…
Read more
GAIN Capital Holdings, Inc. (NYSE: GCAP) today reported certain operating metrics for the month of June 2017. OTC Trading Volume at GAIN's Forex.com Retail Segment was $241.8 billion - up 10.2% from May's $219.5 billion. This marks the second consecutive month of healthy, double digit percent volume increases at Forex.com, at a time when many…
Read more
The Abu Dhabi Securities Exchange (ADX), a leading securities exchange in the region, announced that has signed a Memorandum of Understanding (MoU) with Dubai Gold and Commodities Exchange (DGCX), the region’s largest and most diversified derivatives bourse, and its parent company, DMCC (Dubai Multi Commodities Centre) to create the basis for collaboration on a unified…
Read more
The following article was written by Emma Davidson, Communications Manager at FXTM. Global currency revaluation is a divisive topic, writes FXTM’s Emma Davidson. It has been covered extensively by experts purporting it will never happen, and others who decry that it is inevitable. So, which camp has it right? A global currency re-evaluation would require all nations…
Read more
Abu Dhabi based international financial services firm ADS Securities has announced that Marco Baggioli has been appointed Chief Operating Officer (COO) for ADS Securities LLC. He is currently the firm's Executive Managing Director – Global Head of Brokerage, and in his new role will take on additional direct line responsibility for Operations, Legal & Compliance, Product…
Read more
It has been a golden summer for HKEX, because just days after launching the Bond Connect, they've turned their attention to one of the world’s most precious metals: gold. Today HKEX has launched a dual-currency gold futures contract in Hong Kong that is physically-settled, and a gold contract as part of LMEprecious on the LME.…
Read more
The Kuala Lumpur Sessions Court today convicted and jailed two former executive directors of Axis Incorporation Bhd (Axis) for furnishing false statements to Bursa Malaysia Securities Bhd. Lee Han Boon and Saipuddin Lim Abdullah both pleaded guilty for furnishing false information to the stock exchange in relation to Axis’ revenue of RM91.13 million. Out of…
Read more
The following article was written by Adinah Brown, content manager at Leverate. It is often said that people don’t plan to fail, they fail to plan. For many small businesses, their marketing strategies consist of implementing one great idea here and then another one there, without following a plan or method. Like hitting the trunk of…
Read more
The Hong Kong Securities and Futures Commission (SFC) and the Autorité des Marchés Financiers (AMF) announced that have signed a Memorandum of Understanding (MoU) on France-Hong Kong Mutual Recognition of Funds (MRF), which will allow eligible Hong Kong public funds and French UCITS funds to be distributed to retail investors in each other’s market through…
Read more