Nearly five years after it was shut down and its Pakistani CEO subsequently convicted and jailed for fraud, MMA Forex - the foreign exchange trading arm of MMA Group - is back in business and seeking investments all over again. If this is not worrying enough (as Gulf News noted sarcastically), the company is operating…
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The Malta Financial Services Authority (MFSA) announced that, on the 9th May 2017, it successfully concluded and signed a Memorandum of Understanding with the Financial Information Authority of the Holy See and the Vatican City State. The MoU establishes a framework of bilateral cooperation between the two Authorities in the carrying out of their respective…
Read moreToday will see the release of a set of UK economic data for March at 09:30 BST, including manufacturing production, industrial production, and trade balance. This will be followed by the Bank of England’s (BoE) interest rate decision and monetary policy minutes at 12:00 BST and the NIESR GDP estimate (Feb to April) at 13:00…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill launched Tickmill Prime, which is designed to provide brokers, banks, hedge funds, money managers and professional traders with access to FX and CFD liquidity, advanced technology and white label solutions. Tickmill has invested heavily in its infrastructure in Equinix data centres in London,…
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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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