The Securities and Exchange Commission has voted to approve a national market system (NMS) plan to create a single, comprehensive database known as the consolidated audit trail (CAT) that will enable regulators to more efficiently and thoroughly track all trading activity in the U.S. equity and options markets. With the approval and ultimate implementation of…
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Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has announced its results for the six months ended 30 September 2016. The transaction with Tullett Prebon has received FCA clearance and remains on track to complete this year, subject to outstanding change of control consents Group revenue from continuing…
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FXCM Inc. (NASDAQ:FXCM), an online provider of foreign exchange (FX) trading, Contract for Difference (CFD) and related services, has announced the opening of its newest office, FXCM South Africa, based in Johannesburg. New Office Location: 114 West Street, 6th Floor, Katherine & West Building, Sandton 2196, Johannesburg, South Africa Drew Niv, CEO of FXCM, said:…
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Financial services technology solutions provider Fiserv Inc (NASDAQ:FISV) has published a research-based white paper providing recommendations for how financial institutions can utilize alerts and notifications to strengthen their position as a trusted financial partner with clients. Leveraging data from a recent Fiserv study, the white paper, titled Push Notifications Are Redefining Financial Communications, provides guidance…
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Dubai Gold & Commodities Exchange (DGCX) has announced that Industrial and Commercial Bank of China Limited (ICBC) has joined as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC) - a wholly owned subsidiary of DGCX that acts as a central counterparty for all trades executed on the Exchange. With the addition of ICBC, DCCC…
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What makes a brokerage great? As much as the market has become overcrowded and competition has become fierce, some companies have managed to stand out from the rest and become what most would refer as “great”. Greatness is however not a destination, if merely because no company is perfect. Greatness is a path that a…
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Forex trading platform developer MetaQuotes has announced that the MetaTrader 5 platform now supports the Skrill payment system, which allows making online transaction in over 40 currencies by simply specifying an email address. Skrill is the eighth payment method featured in the trading platform. MetaTrader 5 also supports Visa, MasterCard and UnionPay cards, as well…
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SIX Swiss Exchange plans to work more closely with the Swiss Federal Institute of Technology Zurich in order to be even nearer to the beating heart of research. A twelve-year research cooperation agreement with Zurich Information Security and Privacy Center (ZISC) at the ETH was sealed yesterday, making it an active cooperation partner for future…
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The following is based on research from DailyFX analyst Nick Cawley. DailyFX is a unit of IG Group Holdings plc (LON:IGG). For more of Nick's research see DailyFX.com. British Pound Falters on Concerns that UK Brexit Plans are Incomplete During a speech to the Lord Mayor’s Banquet, UK Prime Minister Theresa May said that the country should…
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The Court of Final Appeal (CFA) has dismissed C.L. Management Services Limited and its sole owner and director Ms Clarea Au Suet Ming’s application for leave to appeal against their convictions for holding out to provide advisory services on corporate finance without a licence from the Securities and Futures Commission (SFC). On 29 April 2014,…
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