Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) The market continues to consolidate but with a bullish bias, but will this last? Recent sessions have once more been consolidating the breakout with the market moving into neutral mode. However the medium to longer term momentum signals remain strongly bullish and corrective moves…
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Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company welcomed new issuer Principal to the Bats ETF Marketplace with the launch of one fund. The Principal Active Global Dividend Income ETF (Bats: GDVD) is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in common stocks and real estate investment trusts (“REITs”).…
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Following our earlier report about the Q1 profit warning it issued, Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has followed up by releasing its full first quarter 2017 results, indicating a major slowdown in business and a large net loss. Overall, Revenues at KVB Kunlun came in at just HK$65.6 million…
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The Securities and Exchange Commission (SEC) announced an enforcement action requiring Barclays Capital to refund advisory fees or mutual fund sales charges to clients who were overcharged. In a settlement of more than $97 million, Barclays agreed to settle three sets of violations that resulted in clients being overbilled by nearly $50 million. The SEC’s…
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New benchmark ensures accurate and reliable price information for USD/JPY during Japanese trading hours NEX Data, a NEX Group (LON:NXG) business which delivers independent market intelligence and price information for OTC data and NEX Markets, a NEX Group business which provides electronic trading technology and services, just announced the launch of the EBS JPY Benchmark,…
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LeapRate Exclusive... LeapRate has learned that Anthony Mazzarese has made the jump from the FXCM Pro division of Global Brokerage Inc (NASDAQ:GLBR) to investment bank Jefferies LLC, joining Jefferies as SVP FX Prime Brokerage. Mr. Mazzarese rejoined FXCM in 2015 following FXCM's acquisition of CitiFX's mid-market FX margin business. He helped successfully transitioned the CitiFX margin business to FXCM post…
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Market Overview Global markets remain cautious as traders continue to ponder the implications of the surprise firing of FBI Director Comey by President Trump. How does this impact on the prospects for Trump’s fiscal plans? Will the divisions and scepticism in Congress grow deeper, and how will it impact on Fed monetary policy? The moves…
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Tradovate, LLC, an online brokerage firm for active, self-directed futures traders, and Collective2 (C2), the online platform which connects investors with traders, announced today that Tradovate has now integrated C2 into its offering, providing the first commission-free brokerage access to C2 futures trading systems. Collective2 is a marketplace where independent traders and investors can choose,…
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LMAX Limited, the parent company of FCA regulated multilateral trading facility (MTF) for FX trading LMAX Exchange, has reported its 2016 results indicating healthy continued growth in the business. LMAX reported revenues of £27.7 million (USD $36 million) for the year, up more than 20% over 2015's £23.0 million. LMAX reported a profit of £2.2 million…
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