The Dubai Gold and Commodities Exchange (DGCX) recently launched a new financial product - Shanghai Gold Futures (DSGC). This is the first time a Chinese based futures product can be accessed outside of China and also traded and settled in Yuan. Apple Multi-Asset DMCC (AMA) has become the first company to trade the new financial…
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The Financial Industry Regulatory Authority (FINRA) today requested comment on its rules governing outside business activities and private securities transactions as part of a new retrospective rule review. The review aligns with the ongoing FINRA360 initiative, a comprehensive review of the organization’s operations and programs. The review centers on rules governing broker-dealer employees’ business and…
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Israeli news outlets are reporting the arrest yesterday of a 38 year old Tel Aviv resident who owned a binary options broker operating from the country. The police didn't release many details at this stage yet, stating that the arrest was the result of a covert operation which lasted several months. The operation began when…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Norde Bank. 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 tactics to…
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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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