Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
April 26, 2017 BY Valentina Kirilova

SEC charges broker with defrauding customers

The Securities and Exchange Commission (SEC) charged a former broker with knowingly or recklessly trading unsuitable investment products in the accounts of five customers and misappropriating more than $170,000 from one of those customers. The SEC’s complaint alleges that Demitrios Hallas repeatedly traded unsuitable investments in his customers’ accounts, exposing customers who were unsophisticated with…

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April 26, 2017 BY Think Markets

Markets Focus On ECB, Trump Tax Plan, Debt Ceiling & Macron

26/04/2017 06:09 With the ECB meeting looming, expectations of Trump's tax announcement and the ongoing French elections, low volatility has the potential to rise once more. 1) Don’t Write Off Le Pen Just Yet The polling data was accurate in the first round of the presidential election in France but that does not rule out a…

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April 26, 2017 BY Valentina Kirilova

Otkritie Capital’s Global Prime FX volumes up 96% YoY

Otkritie Capital International Ltd (OCIL), a UK-based, FCA-regulated prime-broker operating across global financial markets, today announced at TradeTech Europe that its FX Prime business within the Otkritie Global Prime franchise is picking up pace since its full scale rollout 12 months ago. The FX Prime turnover volumes went up by 96% compared to April 2016…

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April 26, 2017 BY Saxo Bank

USDCAD recovery potential ahead

Background With the US intending to impose a 20% duty on Canadian softwood lumber imports, the Canadian dollar was under pressure yesterday. This week, Friday is the “big numbers” day, with the scheduled release of US durable goods orders, as well as the ECB interest-rate decision and monetary policy statement. Management and risk description USDCAD’s…

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April 26, 2017 BY FxPro

Corporate Earnings Lift US Stocks Ahead of Trump’s Tax Reform Plan

Last week the US President Trump stated on Twitter that he will “unveil his major tax reform plan today” Wednesday April 26. Trump intends to dramatically cut corporate tax from the current rate of 35% to 15%, and will likely make tax exemption on US corporate overseas earnings. After the failure of his healthcare bill…

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April 26, 2017 BY Valentina Kirilova

Vela launches European Best Bid Offer solution

Vela Trading Technologies, a high performance trading and market data technology company, has launched a fully-managed European Best Bid Offer (EBBO) solution in response to increased client demand to comply with the changing pre-trade transparency and best execution rules which will come into force with MiFID II in January 2018. An EBBO solution will help…

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April 26, 2017 BY Saxo Bank

Two-way play in EURGBP

Background The long-term outlook for the cross remains to the downside but we look for a higher correction intraday. This has resulted in another two-way play this week Monthly – Over the long term, we are looking for a move back to the reverse trend line support at 0.7975. For the last 5 months, we…

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