Financial markets regulator the National Commission for Companies and the Stock Exchange (CONSOB) has forbidden (pursuant to art. 99, paragraph 1, letter d, of the Consolidated Law on Finance - CLF) offers to the public resident in Italy, for the purpose of investments of a financial nature, through the website www.profits25.com. The CONSOB also announced…
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Australia financial regulator ASIC has added its powerful voice to the fray regarding the new rules governing what Forex brokers can and cannot do with client money, following the passage yesterday by Australia’s parliament of the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client Money law. The new…
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FAM Clearing, LLC, a joint venture between Fortex, Inc., a leading FX ECN trading platform, and Advanced Markets, a wholesale provider of liquidity, technology, and credit solutions to banks and brokers, announced today the two new executive appointments. Satomi Toyoshima has been appointed as a Managing Director of Japan Operations for FAM Clearing. Mrs. Toyoshima brings…
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Swissquote Group Holding SA (SWX:SQN) has announced that it is expanding its range of products on the Swiss DOTS trading platform, with the addition of new issuer Vontobel Investment Banking. Approximately 10,000 additional leveraged products will be issued from launch. This complements the existing offering from UBS and Goldman Sachs as well as from Commerzbank…
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Binary options platform provider and broker TechFinancials Inc (LON:TECH) has announced that it has issued 3,868,615 of its shares to the owners of its joint venture partner, Optionfortune Trade Limited. Optionfortune operates the DragonFinancials binary options broker, focused on Chinese and Far East clients. As we reported in early June, TechFinancials had actually placed the shares in…
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EU and UK regulated Forex broker Admiral Markets announced that Adam Narczewski, a highly experienced industry professional, has accepted the post of Country Manager for Admiral Markets Poland. Mr. Narczewski has ample experience in helping companies become industry leaders. Prior to joining Admiral Markets Poland, he served as Deputy Regional Director at X-Trade Brokers DM,…
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Moscow Exchange (MOEX) and Dalian Commodity Exchange (DCE) announced today that they have signed a Memorandum of Understanding (MOU), aimed at expanding the cooperation between the two exchanges in terms of information sharing, high-level visits, training and exchange programmes for staff, and other areas of business cooperation. Li Zhengqiang, Chairman of DCE, said during the…
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Digital wealth manager Moneyfarm just launched a partnership with Allianz Global Investors which will provide access to an active wealth management solution at institutional cost to UK employees of Allianz companies. This follows Allianz’s strategic investment in Moneyfarm, which was announced in September 2016. In an industry and European first, the two organisations have developed…
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From a technical point of view, there is potential for a deeper downside correction.
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Bitcoin ATM specialist, AlphaVend just announced the installation of its second London ATM, (the third nationally) strategically situated between Euston and Kings Cross underground stations. The UK’s independent high street provider of foreign exchange services will play host to the ATM which is located at the No1 Currency store, 128 Euston Road. Customers can buy…
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