The ending of 2016 seems to turn out quite well for FX broker Alpari. Turnover of the company showed an increase of 4% MoM last month and amounted to $89.4 billion. These results show that this has been Alpari's best forex volumes month since May 2016. The main drivers of growth during this period were…
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Deutsche Börse Market Data + Services just announced that is further strengthening its partnership with BSE India (formerly known as Bombay Stock Exchange) by licensing market data products for the newly set up international exchange India INX to international clients. LeapRate reported back in January of 2015 when the IFSC was taking shape, and it looks…
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The Securities and Futures Commission (SFC) has revoked the licences of Goodcape Securities Limited and its two responsible officers, Mr Tang Lin Sun and Mr Chang Siu Ming. Tang and Chang have also been prohibited from re-entering the industry for life and three years from 15 December 2016 to 14 December 2019 respectively. The disciplinary…
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Copenhagen-based multi asset online broker Saxo Bank has announced that it has agreed to sell its Uruguayan subsidiary, Saxo Capital Markets Agente de Valores, to DIF Broker, a long term White Label of Saxo Bank. The transaction has been approved by the relevant regulatory authorities and is expected to close before year end. Saxo Bank has…
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European Parliament head Martin Schulz demanded that the role laid out for MEPs in the Brexit negotiations be beefed up, threatening otherwise to reject any resulting deal, Business Insider just reported. In a letter to EU President Donald Tusk, Schulz criticised draft plans for the process that would relegate the parliament to "a secondary role…
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Yesterday's 25 basis point rate hike by the US Fed was not exactly a surprise, yet the Fed's move clearly wasn't fully baked into the currency markets. Since the rate move the benchmark EURUSD has dropped by nearly 2% from the 1.065 range to below 1.05. It now looks like we may be heading toward…
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ASIC has released a new legislative instrument regarding on-market buy-backs of ASX-listed schemes, replacing the class order due to expire ('sunset') on 1 April 2018. ASIC has replaced Class Order [CO 07/422] with the new legislative instrument ASIC Corporations (ASX-listed Schemes On-market Buy-backs) Instrument 2016/1159. Class Order [CO 07/422] has been repealed by ASIC Corporations…
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Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) just announced its financial results for the fiscal fourth quarter and full fiscal year ended September 30, 2016. Sean M. O'Connor, CEO of INTL FCStone Inc., stated: We achieved continued good results in the fourth quarter, which was boosted by a bargain purchase gain on the Sterne…
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Following an ASIC investigation, Mr Shun Yuen Ken Li (also known as Leo Lee), of Roseville Chase, New South Wales has pleaded guilty in the Downing Centre Local Court on two charges of dishonestly using his position as an employee. Mr Li, 37, is accused of using his position as an employee of the Australia…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List binary broker BinaryOnline at website binaryonline.com, owned and operated by Zola Ltd. According to the BCSC, BinaryOnline claims to be a binary options trading…
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