AvaTrade Israel sub ATrade fined NIS 150,000 by ISA for misleading video advertising LeapRate

May 10, 2017 BY LeapRate Staff

AvaTrade Israel sub ATrade fined NIS 150,000 by ISA for misleading video advertising

Israeli financial regulator ISA (Israel Securities Authority) has fined the ATrade subsidiary (atrade.co.il) of global retail forex broker AvaTrade NIS 150,000 (USD 42,000), due to a misleading video the company was circulating as part of a recent promotional campaign. ATrade is one of six retail FX brokers which have received the relatively new ISA license,…

May 10, 2017 BY Valentina Kirilova

DSMG Ltd's Binary Brokerz receives warning from Canadian regulator BCSC

Canadian securities regulator the British Columbia Securities Commission (BCSC) announced that has added to its Investment Caution List unregulated binary options broker Binary Brokerz, which is owned and operated by DSMG Ltd. (together, the Parties). Binary Brokerz claims to be based in London, England, and provides an online binary options trading platform, operating at www.binarybrokerz.com.…

May 10, 2017 BY Valentina Kirilova

SFC reprimands and fines Promising Securities Company Limited $3.5 million

The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined Promising Securities Company Limited $3.5 million for breach of the Code of Conduct and the Management, Supervision and Internal Controls Guidelines. The SFC’s disciplinary action arose from a self-report by Promising in 2014 that a settlement staff had misappropriated client assets following an…

May 10, 2017 BY Valentina Kirilova

FCA warns against fake emails

The UK Financial Conduct Authority (FCA) announced that is aware that emails have been sent from the following addresses: fake emails sent from [email protected] with subject ‘FCA business update’ or ‘Blacklisted FX firms’ (9 May 2017) fake emails sent from [email protected] with subject ‘Overdue balance’ (9 May 2017) fake emails sent from [email protected] (21 March…

May 10, 2017 BY Valentina Kirilova

Index Industry Association welcomes three new members

Index Industry Association (IIA), a global organization of index administrators, has today announced the addition of three new members. CBOE Holdings (CBOE), China Central Depository & Clearing Co., Limited (CCDC) and the Tokyo Stock Exchange , Inc. (TSE) will join IIA in promoting awareness of the function of indices in global markets. Since its launch…

May 10, 2017 BY FxPro

BoE Expected to Keep Rates Steady

ECB Governor Draghi will make a speech in the Dutch Parliament at 12:00 BST today. It will be Draghi’s first speech after the French election so traders should be aware of any comments on the Eurozone’s economic outlook or hints of a possible gradual removal of QE. Thursday May 11th is a crucial day for…

May 10, 2017 BY Valentina Kirilova

Horizon Software extends “buy and build” capability for algo trading

Horizon adds new algo trading strategy templates for clients to customise Horizon Software just announced that will give clients control over their algo trading strategies, with the ability to modify the built-in templates in the Horizon Platform for Automated Trading. The three new templates which can be modified are: Quote Reply Market Making, Hedge Volatility…

May 10, 2017 BY Valentina Kirilova

World First to use Duco Cube for currency exchange data reconciliation

Duco, the global fintech provider of data control services, today announced a new engagement with World First, the international payments company. World First will use Duco Cube, the self-service data control platform, to automate a variety of tasks across treasury and middle office functions. By using Duco Cube, World First staff are able to streamline…

May 10, 2017 BY Hantec Markets

DAX futures analysis 10/05/2017

DAX futures (JUNE 2017 contract is FDXM7, continuation chart is FDXc1) Consolidation in the wake of the latest upside break continues. A second successive inside day reflects a market settling down. Although the market managed to complete an all-time closing high last night, there are now lower daily highs in place as the market has…

May 10, 2017 BY Saxo Bank

Looking for a counter-trend trade in EURUSD

We are looking to take a counter-trend trade in EURUSD this morning. Please note that European Central Bank head Mario Draghi speaks this afternoon Monthly: The move lower has been mixed and volatile, common in corrective sequences. We have seen a prolonged period of consolidation. Not a lot to take away from this timeframe; bearish…