LeapRate has learned that Copenhagen based multi asset broker Saxo Bank issued pink slips yesterday to 50 employees, or about 3% of its global workforce of more than 1,500. About 30 of the layoffs occurred at the company's home office in Denmark. The remainder will be at the company's branch offices including the London office at…
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Moscow Exchange (MOEX) just announced its indices annual review for 2016. In 2016, the MICEX Index was up 26.76% to 2,232.72 (from 1,761.36 on 30 December 2015), while the dollar-denominated RTS Index rose 52.22% to 1,152.33 (from 757.04). The dollar depreciated 16.87% against the rouble. Volatility decreased, with the Russian Volatility Index falling 26.94% to…
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INTL FCStone Inc. (NASDAQ: INTL) announced its Broker-Dealer Division of its wholly owned subsidiary, INTL FCStone Financial Inc., 2016 trading statistics. INTL FCStone Financial disclosed that in 2016 it added 62% of all new American Depositary Receipts (ADRs) to the OTC Market. INTL FCStone Financial is a full-service market maker that provides institutional clients with…
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The People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin. Citing sources from the PBOC, Caixin claims the central bank on December15…
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The Securities and Futures Commission (SFC) has reprimanded North Sea Securities Limited and fined it $700,000 for failing to put in place proper controls to monitor and supervise employee dealings, in breach of the Code of Conduct. The SFC found that from 4 to 27 December 2013, there were 25 cross trades between four accounts…
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This article is written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Donald Trump’s election as the 45th President of the United States has triggered an unprecedented rally in the US financial markets and the thrill spread over global asset trading. Traders bought the anti-establishment and sold…
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The Netherlands Authority for the Financial Markets (AFM) just announced that on the afternoon of Tuesday 24 January, after the close of the market, the regulator inadvertently published a list on its website that included net short positions of less than 0.5% instead of publishing the daily list of net short positions of 0.5% and higher.…
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The Securities and Futures Commission (SFC) has banned Mr Ma Yu Lung, a former representative of Sun Hung Kai Investment Services Limited (SHKIS), from re-entering the industry for eight years from 26 January 2017 to 25 January 2025 for breach of the Code of Conduct. The SFC’s investigation found that on numerous occasions between September…
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At its meeting on Wednesday, 25 January 2017, the Exchange Council of Eurex Deutschland elected a new chairman as well as the vice chairman for a period of three years. Carola Gräfin von Schmettow, chariman of the Management Board, HSBC Trinkaus & Burkhardt AG, was appointed as chair, Professor Dr. Lutz Johanning, WHU – Otto…
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The Exchange Council of the Frankfurt Stock Exchange was reconstituted today. The members of the Exchange Council unanimously elected Lars Hille, member of the Executive Board of DZ Bank, as the new Chairman. Matthias Zieschang, Executive Board member at Fraport AG, will remain as Deputy Chairman. Lars Hille replaces Lutz Raettig, who has been a…
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