UK based online brokerage house CMC Markets Plc (LON:CMCX) has put out a statement to the effect that it welcomes the new CFD regulation put in place by Germany financial regulator BaFin. BaFin finalized new, relatively mild, rules for Forex and CFD brokerage, basically requiring just negative balance protection for German traders. No limits were…
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ASIC has obtained an order which requires financial services business "Yes FS" to change how it deals with its clients until the trial of proceedings for alleged breaches of the Corporations Act and ASIC Act, including breaches of the 'best interests' obligation. The Federal Court made the order against three entities operating as the "Yes…
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Israel based crowdfunding company OurCrowd has announced the hiring of veteran investment banker Andy Kaye as its new President and Chief Institutional Officer. OurCrowd has two main arms - the one which invests in (mostly) tech startups, and the other which deals with the multitude of outside investors, now numbering more than 17,000. Mr. Kaye will…
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BackgroundMonday saw strong upside in USDCHF. Friday's minor upside was not only continued, but accelerated with gains of more than a big figure. This fresh demand took the currency pair aggressively through the 13 day and 200 day moving average area, and to the most positive levels traded for three weeks. The speed and scope…
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BackgroundUSDJPY continues to trade in line with the yield on the 10-year US Treasury bond and that market has found its feet after large short positions were squeezed out. The way is now clear for yields to move higher, if the “hard” economic data starts matching “soft” (survey results) data. The main data points due…
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Germany financial regulator BaFin has issued its final set of new rules to govern leveraged Forex and CFD trading, following proposals issued by BaFin back in December. And, much to the chagrin of both Forex and CFD traders in the country, as well as the brokers who serve the German market, BaFin stayed the course…
Read moreToday the losses in the banking sector weighed on the broader index, yet the relative strength between the two leave the potential for ASX to outperform and move towards 6k without it. Banks weigh on ASX yet another attempt at 6k is possible Banking has dragged the ASX200 lower by the ‘big four banks’ who stated…
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Adding to its mounting problems, Global Brokerage Inc (NASDAQ:GLBR) has announced that it has received a delisting notice from stock exchange Nasdaq. Global Brokerage, formerly FXCM Inc., is the publicly-traded holding company which now owns an effective 37% interest in operating company FXCM Group LLC. The remainder (or rather, majority) of FXCM Group is owned by…
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The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) called ActiveRisk. ActiveRisk, developed by Chella Software (CSPL), has been deployed by DCCC with the primary…
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Forex brokerage company Admiral Markets Group AS has recently announced a change to its management structure. Two of the board members, Sergei Bogatenkov and James Chernikov have remained part of the board, while three new board members were appointed to complete the team: Jens Chrzanowski, Mindaugas Deksnys and Victor Gherbovet. They will be in charge of…
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