Bats Global Markets, Inc. (Bats:BATS) welcomed QuantX Funds as a new issuer to the Bats ETF Marketplace with the launch of a suite of risk management focused funds: QuantX Risk Managed Growth ETF (Bats: QXGG) seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the QuantX Risk Managed…
Read more
The Autorité des Marchés Financiers (AMF) has published a detailed analysis of the activity of market participants engaged in high-frequency trading (HFT) on CAC 40 stocks, with focus on their presence in the order book, how they provide and consume liquidity and how their behaviour changes during periods of intense stress. Over the last few…
Read more
Financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has just announced that the usage of passive investment products, ETFs and index funds, hits all-time highs in 2016, driven by third-party distribution channel sales from broker-dealers (B/D), registered investment advisors (RIAs) and banks. These channels represent almost $10.5 trillion in long-term funds and ETFs tracked by…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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.…
Read more