Spanish regulator CNMV just warned that the company Arc Global Trader, S.L. is not authorised to provide the investment services detailed in Article 140 of the Securities Markets Law, which include investment advice, or to provide the auxiliary services detailed in letters a), b), d), f) and g) of Article 141 of the said Law…
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Five years ago, the first nine Central Securities Depositories (CSDs) signed the agreement with the Eurosystem to set up the pan-European settlement platform TARGET2-Securities (T2S). T2S set out to reduce settlement cost in Europe, increase cross-border activity, move settlement to a common platform and thereby address some of the Giovannini barriers, identified as major obstacles…
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The Hong Kong Securities and Futures Commission (SFC) announced that has suspended Mr Hui Lam Chiu, a former responsible officer of Guoyuan Securities Brokerage (Hong Kong) Limited (Guoyuan), for six months from 19 May 2017 to 18 November 2017. The disciplinary action follows the SFC’s sanction against Guoyuan over its breach of the anti-money laundering…
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The Securities and Exchange Commission (SEC) announced that David L. Peavler, Associate Director of Enforcement in the Fort Worth Regional Office, is leaving the agency this month after more than 15 years of service. Mr. Peavler joined the SEC staff as a Staff Attorney and went on to serve as a Branch Chief and then…
Read moreThe dollar index hit a new post presidential election low of 96.95 on Friday May 19th. EUR/USD hit a high of 1.1211 a level not seen since November 9th of last year. On Monday morning, during the European session, the dollar index experienced a moderate rebound, touching 97.29, as the market is aware of a…
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Codel, the digital notary service provider, today announced a partnership with GMEX Technologies, a wholly owned subsidiary of GMEX Group, and provider of multi-asset exchange trading and post trade technology solutions. The companies will collaborate in areas where it is critical to prove digital data integrity throughout the value chain as well as connecting physical…
Read morePosted by Naeem Aslam | 22/05/2017 08:49 In one of his most important speeches in Saudi Arabia, Donald Trump did not go off the rail. Bromance Blooms Between Trump and King Salman He certainly avoided his usual free style which he adopted during the campaign mode. Although, you can argue that there are many contradictions if one compares his rhetoric during the campaign and what he…
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The Securities and Exchange Commission (SEC) filed fraud charges against a Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock by making a phony regulatory filing. According to the SEC’s complaint, Robert W. Murray purchased Fitbit call options just minutes before a fake tender offer that he orchestrated was filed on…
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BackgroundBuyers have returned in USDJPY and the medium-term bull trend is set to continue. Monthly – For the last four months we have seen spikes in both directions highlighting the volatility in USDJPY. The fact that the Marabuzo level from November 2016 still holds (109.63) offers a mild bullish bias but we do need to…
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The spreading migration to MetaTrader 5 continues After the launch of Gold-i MetaTrader 5 Gateway, the UK-headquartered integrator Gold-i announced the release of Gold-i MAM Pro for MetaTrader 5. It is an advanced post-trade allocation tool for brokers and money managers using the multi-asset HFT platform. The solution is designed for the hedging option within…
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