The fallout from the FCA's move this morning to ban account opening bonus payments to retail traders, as well as a hard 50x leverage cap on CFD trading, has been quick and swift. And, fairly severe. Shares of several publicly traded FCA regulated CFD brokers including IG Group Holdings plc (LON:IGG), CMC Markets Plc (LON:CMCX)…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Westburn Finance. 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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TMX Group Limited (TSX: X) today announced November 2016 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. MX set multiple volume records during the month. On November 14, 2016, MX reached a new official non roll daily volume record for the Ten-Year…
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SIX Swiss Exchange has just welcomed Raiffeisen as a new issuer of structured products. Raiffeisen banks have been offering their customers structured investment products as a complement to traditional forms of investment for ten years now. Today, Raiffeisen appeared itself as an issuer of these products for the first time. The first product of Raiffeisen…
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CFD leverage will be capped at 25x for new traders, and 50x for all traders.
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Lawson Management Group LLC. Lawson Management Group LLC is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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The European Energy Exchange (EEX) has just announced its November 2016 volumes and all of its total results are way higher compared to last year. EEX Group provides the central market platform for energy and commodity products. The offering of the group comprises contracts listed at the European Energy Exchange (EEX), EPEX SPOT, Powernext, Cleartrade…
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Dukascopy Bank, the FINMA regulated Switzerland-based Forex brokerage announced it released a new generation of the JForex platform – JForex 3 with higher performance and better user experience. After the platform's trial launch in September 2016, JForex 3 successfully passed the company's probation period and has become available on live accounts. Dukascopy stated: During the probation…
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Hong Kong Exchanges and Clearing Limited (HKEX) hosted a ceremony at its Exhibition Hall Monday morning to mark today's successful launch of Shenzhen-Hong Kong Stock Connect (Shenzhen Connect). Shenzhen Connect builds on the solid foundation of the Shanghai-Hong Kong Stock Connect programme launched in 2014. The expanded list of eligible stocks offers international and Hong…
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The U.S. Commodity Futures Trading Commission (CFTC) today voted unanimously to repropose regulations implementing limits on speculative futures and swaps positions as called for in the Dodd-Frank Wall Street Reform and Consumer Protection Act. In a separate vote, CFTC approved final aggregation regulations, which are a key component of the CFTC’s existing position limits regime.…
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