The outcome of the first-round voting of the French presidential election pushed EUR/USD up, touching the highest level of 1.0950 on April 26 since November 10. EUR/USD has been consolidating since April 24, flirting with the significant psychological level at 1.0900. Today, the European Central Bank (ECB) announce its benchmark rate, marginal lending rate and…
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As demand accelerates for its financial data and research valuation platforms, Visible Alpha announced two senior sales and relationship management hires to support the company’s expanding client base. Rapid growth in clients and platform contributors has been driven by the acquisition of ONEaccess, partnerships with other solution providers, and new product launches, such as the…
Read moreLondon Stock Exchange Group (LSEG) today announced that its international business support and capital raising ecosystem, ELITE, is welcoming a further 17 UK companies, bringing the total number of UK businesses in the ELITE community to over 100. Umerah Akram, Head of ELITE UK, welcomed the new ELITE CEOs to open trading on London’s markets…
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The Eastern Magistrates’ Court today convicted Mr Cheng Chi Fei and Mr Wong Kin after they pleaded guilty to illegal short selling in the shares of China Agri-Products Exchange Limited (China Agri-Products). The Court fined Cheng and Wong a total of $16,000. They were ordered to pay the Hong Kong Securities and Futures Commission’s investigation…
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Average daily volume reached a record 17.1 million contracts, including records in Interest Rates, Metals, Interest Rate Options and Equity Options Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today reported revenue of $929 million and operating income of $601 million for the first quarter of 2017. Net income was $400 million and diluted earnings per…
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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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In October 2016, Copenhagen based multi asset broker Saxo Bank launched electronic bond trading for mid-sized institutions and retail investors, covering over 5,000 government and corporate bonds across developed and emerging markets. The idea behind the launch was to make trading of liquid bonds more efficient through a full digital value chain by routing Saxo’s…
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BackgroundThe small caps are lagging in performance (5% year-to-date vs. 6.25% on the S&P500) behind their multinational brethren but don't discount them yet. Smaller companies with capitalization of $2-10 billion, are often considered as the growth engine in the US economy as they are fairly young with great growth potential. A potential corporate tax cut from…
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LeapRate Exclusive... LeapRate has learned that the most recent CIF license handed out by Cyprus financial regulator CySEC has gone to retail forex broker FX88.com via its parent company Galactus Ltd. The license was formally approved this Tuesday, April 25. Backed by investors in Singapore, Galactus / FX88.com was formed last year by a number…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today issued a joint consultation on the prescription of additional markets and clearing houses, and the prescription of Delta One Warrants, for the purpose of the over-the-counter (OTC) derivatives regulatory regime. This consultation is in response to a recent request from market…
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