USD/CNH Futures, the US dollar/Offshore Renminbi (RMB) futures traded at Hong Kong Exchanges and Clearing Limited (HKEX), had record high volume of 20,338 contracts (US$2 billion in notional value) today and open interest is at an all-time high of 46,711 contracts (US$4.7 billion in notional value). Today's record, comprised of all-time high trading in last…
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Live Analytics Inc, a provider of currency trading insights and analysis, has signed a definitive agreement under which Finance Magnates will acquire ForexLive.com. Michael Greenberg, Finance Magnates CEO, commented: Earning the trust of millions of traders makes ForexLive a perfect fit for us. ForexLive has proved to share our commitment to fast rate news, editorial…
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A Swiss bank executive in Singapore has become the first western national to face criminal prosecution over the suspected looting of billions of dollars from Malaysia’s 1MDB state investment fund, Financial Times reported earlier today. Jens Sturzenegger, former head of Falcon Private Bank’s Singapore branch, will plead guilty to some of a 16-count charge sheet…
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Last night's Fed minutes reinforced US policymaker expectations that we could well see multiple rate rises this year after last month’s rate rise, though officials remained cautious given the lack of clarity on the type of fiscal expansion that might be forthcoming in the coming months. In contrast to last year, this week’s data would…
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FCA regulated retail forex broker ICM Capital just announced it has enhanced its client-fund protection to cover £1,000,000. This new insurance is available to all ICM Capital live account holders at no additional cost and is underwritten by QBE Underwriting Limited and other participating syndicates at Lloyd’s of London. The UK-headquartered broker is one of…
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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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The derivatives marketplace operator CME Group just announced the expansion of the foreign exchange (FX) offering with six FX monthly futures contracts. These new contracts provide FX market participants with access to the front months of the FX forward curve with the capital and operational benefits of trading listed futures. FX monthly futures are scheduled…
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The Securities and Futures Commission (SFC) has banned Mr Cheung Kwan Po, a former employee of Citibank (Hong Kong) Limited, from re-entering the industry for six months from 5 January 2017 to 4 July 2017. The SFC found that in August 2015, Cheung, when processing a client’s bond application, photocopied the client’s signature from her…
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The Stock Exchange of Hong Kong Limited is minded to exercise its power to cancel the listing of the shares of Trony Solar Holdings Company Limited under the Listing Rules. In this regard, the Exchange requires that the Company must have remedied those matters which have rendered it unsuitable for listing by 4 July 2017.…
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CBOE Holdings, Inc. (NASDAQ: CBOE) just reported December and full-year 2016 trading volume and average revenue per contract (RPC) data. Several trading records were set for the year. Total volume and average daily volume (ADV) in index options trading at CBOE reached new all-time highs for the fourth consecutive year in 2016 with 430.7 million…
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