Retail forex broker Exness has issued an interesting statement on their website, that they have never canceled a client order. Ever. For any reason. Order cancellations are apparently a source of angst for retail forex and CFD traders at market maker brokers, usually happening when the trade would have been to the benefit of the…
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Last news heard from binary options platform provider SpotOption was the successful launch of their latest trading product, CFDs. The launch of their MT4 Plug-In was also mentioned then. Now, not more than a month later, SpotOption announced the successful launching of their MT4 plug-in, which was made possible through the partnership with Forex technology provider, Tools For Brokers. The MT4…
Read moreLondon Stock Exchange plc’s new block trading, auction and hidden order innovations including the Intraday Auction and Hidden Midpoint Pegged Orders recorded significant growth in 2016. Turquoise Plato Block Discovery also demonstrated very strong growth throughout the year. The trend highlights investor demand for trading services that will allow adaptation ahead of MiFID II’s impending…
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The European Securities and Markets Authority (ESMA), the EU agency responsible for the rules that govern EU securities regulation and the conduct of EU public markets, announced that starting in 2020, public companies that prepare consolidated IFRS financial statements will provide them in Inline XBRL. ESMA has not yet released the detailed technical rules that…
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Deutsche Börse’s Eurex derivatives business has announced the appointment of Lee Bartholomew and Zubin Ramdarshan to key product development roles. Both join the company in the middle of an industry transformation that challenges market infrastructure providers to constantly drive innovation. Zubin Ramdarshan has been appointed new Head of Derivatives Product R&D Equity and Index. He…
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Deutsche Börse AG just announced that is exercising a third and also final call option on shares in Tradegate AG and will thereby increase its approximately 15-percent stake in Tradegate AG to almost 20%. Deutsche Börse AG exercised two call options back in 2014, increasing its then approximately five-percent stake in Tradegate AG to almost…
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In a prosecution brought by the Financial Conduct Authority (FCA) Mark Lyttleton, a former Equity Portfolio Manager at BlackRock Investment Management (UK) Limited, has today been sentenced to 18 months reduced with credit to 12 months on two counts of insider dealing. A confiscation order was also made in the sum of £149,861.27 and costs…
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Moscow Exchange (MOEX) has signed memorandums of understanding (MoUs) with two Chinese securities firms, CITIC Securities and Galaxy Securities, as part of an initiative to strengthen bilateral cooperation between China and Russia on capital markets and investment. The agreements were signed during an investment conference held by Moscow Exchange and Shanghai Stock Exchange (SSE) on…
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ASIC has commenced civil penalty proceedings in the Federal Court against Westpac subsidiaries Westpac Securities Administration Limited (WSAL) and BT Funds Management Limited (BTFM) for a number of contraventions, including failures of the 'best interests duty' introduced under the Future of Financial Advice reforms. The proceedings follow an ASIC investigation into Westpac's telephone sales campaigns…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Finance 2All. 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 to…
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