The UK Financial Conduct Authority (FCA) has put out details of the cloned firm GVQ Investment Funds. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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London-based online trading firm CMC Markets Plc (LON:CMCX) has issued a Trading Update for its Fiscal 2017 third quarter, which covers the three month period of October 1 - December 31, 2016. CMC has a March 31 fiscal year end. While CMC did not disclose any specific revenue, volume or earnings figures, it did state…
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The Securities and Exchange Commission (SEC) announced that a Massachusetts-based investment adviser agreed to be banned from the securities industry after the agency uncovered an illegal cherry-picking scheme through its data analysis used to detect suspicious trading patterns. The SEC filed fraud charges in federal district court against Michael J. Breton and his firm Strategic…
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ZuluTrade, a social trading platform company today announced to users its new website. ZuluTrade was a pioneer social copy-trading by combining trading signals with algorithmic performance ranking, to create real-time actionable trades. ZuluTrade since last year has released Social Charts and Automated Trades, working closely with customers to add Social Tab, a feature that allows…
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French financial regulator The Autorité des Marchés Financiers (AMF) has announced that is launching an effort to modernize its monitoring system, enhancing its ability to detect, analyse and investigate suspicious activity. In the wake of the 2008 financial crisis, European lawmakers enacted financial market regulatory reforms. Following the adoption of EMIR for over-the-counter derivative trading,…
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Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com, reported after the close of trading Wednesday that the company brought in record Revenues and earned record profits during fourth quarter of 2016. For the full year 2016, however, Revenues and Profits were down significantly from last year. Some Q4…
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U.S. stocks looked set for a higher open on Wednesday, with the Dow set to take a shot at 20,000, following a raft of strong quarterly earnings and optimism around President Donald Trump's pro-growth policies, Reuters reported. The Trump rally had driven Wall Street to a series of record highs since November. The S&P 500…
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CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, has introduced two new models for settlement membership – affiliated settlement membership and non-shareholder settlement membership – in addition to the existing shareholder and central bank settlement membership categories. The affiliated settlement membership category allows institutions to have…
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PEGAS, the pan-European gas trading platform operated by Powernext, announced the successful introduction of time spread products on its PEGAS Futures hubs (CEGH VTP, GASPOOL, NBP, NCG, PEG Nord, PSV, TTF and ZEE) on 24 January 2017. The new contracts are available via the Trayport® Exchange Trading System (ETS), as well as the Straight Through…
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Due to the ongoing Brexit related uncertainty in Britain, Australian retail Forex and binary options broker GO Markets announced that is capping leverage rates across all sterling (GBP) pairs to a maximum of 1% (100:1). Head of Trading, Tom Williams, says the leverage cap is largely a pre-emptive measure to mitigate against negative outcomes caused…
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