The Securities and Exchange Commission (SEC) charged a pair of former head traders who ran the commercial mortgage-backed securities (CMBS) desk at Nomura Securities International Inc. (ADR) (NYSE:NMR) with deliberately lying to customers in order to inflate the profits of the CMBS desk and line their own pockets as a result. Just last month SEC…
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Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding retail forex brokerage firm Fixed Star Investment Inc., operating from website http://fxsfx.com/en/index.html. It has come to the notice of the IFSC that an entity calling itself ‘Fixed Star Investment Inc.’ is falsely and fraudulently claiming to hold a trading in securities licence…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of April 2017. The average daily traded volume submitted to CLS was US$1.52 trillion down 5.0% from US$1.60 trillion in March 2017. April 2016 March 2017 April 2017 Average daily traded…
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Retail forex broker FXCM Group LLC has announced that its trading volumes fell by 22% during April, to $176 billion. The fall in volumes at FXCM, after a fairly strong March, were fairly in line with the volume decline we have seen in April from several other leading retail FX brokers. The results of course…
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Former directors of Avestra Asset Management Ltd, Mr Paul Rowles and Mr Clayton Dempsey, have each been disqualified from managing corporations and restrained from providing financial services for a period of 10 years following orders made by the Federal Court, the Australian Securities and Investments Commission (ASIC) announced earlier today. Avestra was a Queensland-based responsible…
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BackgroundFriday's sharp fall through the 100 day moving average deepened on Monday. This latest decline — the third in a row — took USDCHF to test the 13 and 200 day moving average area. The scope of the three day move also took signals for sentiment to oversold extremes. That element coupled with positive divergence…
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BackgroundThe New Zealand dollar remains under pressure after the market got caught out by a more dovish than expected statement from the Reserve Bank last week (see Kiwi slumps as RBNZ maintains neutral stance on monetary policy).The only Kiwi dollar specific data point this week is tomorrow’s dairy trade auction. Futures pricing suggests another small…
Read morePublished on 15.05.2017 23:51 The oil price racked up its fourth straight day of gains today after Saudi Arabia and Russia said a deal to cut production should continue until March next year. After reaching a low of $46.50 just over a week ago, Brent crude oil has jumped more than 13 percent and is…
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Global Brokerage Inc (NASDAQ:GLBR), parent company of retail forex broker FXCM, released its Q1 results indicating - as expected - a significant decrease in activity, in large part due to the sale of the company's US clients to Gain Capital Holdings Inc (NYSE:GCAP). The company's operating loss of $24.2 million and net loss of $29.9 million…
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Well, Drew Niv is finally out the door. Global Brokerage Inc (NASDAQ:GLBR), formerly FXCM Inc. and parent of operating company FXCM Group LLC has issued a filing stating that Ken Grossman will replace Drew Niv as CEO of the publicly traded company. Mr. Niv remained on as interim CEO of GLBR even after resigning his positions…
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