Deutsche Börse is launching five net return indices thus adding a new calculation version to its DAX family. Deutsche Börse's selection indices were previously calculated as performance and price indices, now, the DAX Net Return (ISIN DE000A1A4D00), DAX Net Return USD (ISIN DE000A1A4D18), MDAX Net Return (ISIN DE000A0Z3ND6), SDAX Net Return (ISIN DE000A0Z3NE4) and TecDAX…
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In August 2016, Mastercard launched its newest risk management system. Mastercard Dashboard is a highly functional anti-fraud technology, dedicated to providing acquirers insights into their merchant clients’ fraudulent statistics. The Mastercard Dashboard is engineered specifically to expand acquirer possibilities, aggregating insights from across the Mastercard global network to provide a detailed overview of merchant transactions.…
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Global Prime Partners (GPP) has just appointed Mike Ward to head new business development. Ward arrives from Nomura where he was co-head of EMEA equities. Prior to this he was head of equity sales, EMEA at Bank of America Merrill Lynch. Ward brings with him a wealth of experience across Global Markets product lines and…
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The Market Misconduct Tribunal (MMT) has today fined AcrossAsia Limited (AcrossAsia) $600,000, its former chairman Mr Albert Saychuan Cheok $800,000, and chief executive officer Mr Vicente Binalhay Ang $600,000 after finding they had failed to disclose inside information to the public as soon as reasonably practicable as required under the Securities and Futures Ordinance (SFO).…
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LeapRate Exclusive... Confirming LeapRate's earlier exclusive story that Cyprus financial regulator CySEC was preparing to ban the use of deposit bonuses (and other retention bonus schemes) for retail traders, CySEC today issued a circular to all CIF regulated brokers on the island clarifying their position. In the circular (full text below), CySEC states: CIFs must…
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Horizon Software, a global technology provider for electronic trading and investment management, has announced today that Eurobank Equities, the brokerage arm of Eurobank, one of the four systemic banks in Greece, has gone live with Horizon Software. Eurobank Equities chose Horizon’s Platform for Automated Trading for click trading, market making and agency trading on the Athens…
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Global broker Saxo Bank just announced that it is launching a combination order ticket for all clients trading contract options. The combination order ticket will enable clients to deploy multi-legged option strategies by simultaneously placing orders to buy and/or sell different options from the same order ticket. Georgio Stoev, Futures and Listed Options Product Manager,…
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Financial innovation company R3 has made its Corda distributed ledger platform open source, granting the global developer community universal access to its source code to encourage collaboration, review and contribution to the platform. Corda was built in close collaboration with over 70 banks and financial institutions and is already by far the biggest collaborative effort…
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Organization of the Petroleum Exporting Countries (OPEC) meeting began on Wednesday in Vienna. Oil producers will try to agree on a production cut to bolster prices which have plunged by more than half since 2014, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action, as reported by Reuters. On…
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smartTrade Technologies, a multi-asset electronic trading solutions company, has just announced that SBI Liquidity Market, a Japanese FX infrastructure solution and liquidity provider, complemented its FX platform based on smartTrade's LiquidityFX. SBI Liquidity Market is adding smartTrade’s sophisticated market making solution to the existing implementation of LiquidityFX connectivity, aggregation and order routing in order to…
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