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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SFC regulated multi-asset brokerage Blackwell Global Hong Kong has today announced that it has appointed finance veteran Gary Cheung Wai Kwok as Chief Executive Officer with immediate effect. Mr Cheung’s leadership appointment is part of a rigorous and comprehensive nomination that was made in alignment with the company’s mission and direction. He has been in…
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BackgroundAlthough yesterday's report acknowledged a bullish bias we were a little cautious. Overbought extremes did lead to a profit-taking reaction, but the setback failed to break through the 100-day moving average or even test Tuesday's Marabuzo line. By the close the limited setback had attracted fresh buyers and minor net gains were posted: four up days…
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BackgroundUS financial markets are priced at 83% probability for a June rate hike, based on the fed funds futures market, but for later dates the curve is still under the Federal Open Market Committee's “dot plot”. That could change quickly if Friday’s CPI update shows core inflation moving back above 2% after dipping in the…
Read moreGBP and EUR look set to continue their bullish runs against the flailing AUD, whilst AUDUSD may have run its course (for now) on the downside.
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