While the rest of the equity market was soaring in the wake of the Fed's Wednesday rate hike, shares of Global Brokerage Inc (NASDAQ:GLBR) - recently renamed from FXCM Inc - dropped another 15% to close at $1.75 per share, its lowest closing price ever. Global Brokerage Inc owns 50.1% of the operating company FXCM Group…
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The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 15 March 2017, the Committee voted by a majority of 8-1 to maintain Bank Rate at 0.25%. The Committee voted unanimously to…
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Enormous amounts of data are inserted into and have to be processed by the European Central Bank’s securities settlement platform TARGET2-Securities (T2S) day by day. This however does not mean that T2S has already achieved its ultimate goal, Clearstream reported. The technical integration of the European settlement systems can only be a first step,” says…
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The European Energy Exchange (EEX) successfully extended its product offering on the power derivatives market by launching Swiss Power Base Day and Weekend Futures on Wednesday. On the first day of trading a total of 5,400 MWh was traded in Swiss Base Day Futures. The first transaction in the Day Futures contract with a volume…
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The Securities and Futures Commission (SFC) has reprimanded DBS Vickers (Hong Kong) Limited (DBSVHK) and fined it $2 million for regulatory breaches and internal control failings relating to under-segregation of client money. The disciplinary action follows an SFC investigation into three self-reports by DBSVHK about possible non-compliance with the Securities and Futures (Client Money) Rules…
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The following article was written by Jens Chrzanowski, Regional German Director at FCA regulated broker Admiral Markets UK. Hello, If you’re an avid reader of LeapRate and other trading portal articles on a daily-basis (like me), you may have noticed that every week seems to bring news of yet another national regulator intent on introducing…
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The following guest post is courtesy of Ivy Schmerken, Editorial Director at FlexTrade. North American broker-dealers and asset managers domiciled in the U.S. are watching their European counterparts gear up for compliance with MiFID II. But will MiFID II affect U.S. broker-dealers and asset managers based in the U.S.? Could the massive regulation that requires…
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Hong Kong Exchanges and Clearing Limited (HKEX) will introduce options on Hang Seng Index constituents AAC Technologies, Geely Automotive and Link REIT on Monday, 10 April 2017 to further strengthen its options market. The Link options will be HKEX's first options on a Real Estate Investment Trust, or REIT. The new options' sizes are in…
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Munich based Devexperts GmbH, developers of professional retail and institutional trading platforms today announced the launch together with Gedik Yatirim (IST:GEDIK) of a brand new Trading Platform created specifically for Turkish Market. The platform includes client native applications for Android and iOS along with WEB integrated via common gateway, that allows to see synchronous data…
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STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that the iSTOXX® MUTB Asia/Pacific Quality Dividend 100 has been licensed to Yuanta Securities Investment Trust Company in Taiwan to be used for a passive index fund. This latest index solution represents the…
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