December 06, 2016 BY Valentina Kirilova

Dubai Exchange with record volumes on its 11th anniversary

Dubai Gold & Commodities Exchange (DGCX) celebrated its 11th anniversary on November 21, 2016, delivering a stellar year-to-date growth of 38%, trading over 18.3 million contracts. Strong Open Interest and growth across its asset classes contributed to this month’s success with monthly overall Open Interest aggregating at 546,999 contracts valued at US$ 8.33 billion. The…

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cmc markets offices
December 06, 2016 BY LeapRate Staff

CMC Markets issues statement on FCA leverage cap and bonus ban

Continuing our coverage of this morning’s news that UK financial regulator the FCA has issued new directives, banning bonus payments to retail traders and limiting CFD trading leverage to 50x, FCA regulated broker CMC Markets Plc (LON:CMCX) has issued a brief statement about the new rules. While stopping short of saying that the new rules won’t…

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December 06, 2016 BY Valentina Kirilova

CESC present new Stock Connect Information portal

China Exchanges Services Company Limited (CESC) rolled out the new Stock Connect Information portal today that provides a convenient gateway to access Stock Connect information for various market participants. CESC Portal is a consolidated page with data related to Northbound and Southbound trading under Stock Connect, including searchable company announcements and company profiles. CESC Chief…

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Hong Kong SFC
December 06, 2016 BY Valentina Kirilova

SFC commences MMT proceedings over alleged insider dealing in Titan Petrochemicals Group Ltd shares

The Securities and Futures Commission (SFC) has commenced proceedings in the Market Misconduct Tribunal (MMT) against Mr Augustine Cheong Kai Tjieh, a former senior executive of an affiliate of Titan Petrochemicals Group Limited, and his mother Ms Gan Ser Soon, for alleged insider dealing in Titan shares in 2012. The SFC alleges that Cheong and…

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December 06, 2016 BY Valentina Kirilova

Saxo Bank expands in China with Phoenix Finance partnership

Global broker Saxo Bank and financial technology firm Phoenix Finance have just signed a MOU to form a white label partnership. The integration process will start in Q1 2017. The partnership will enable Phoenix Finance to integrate Saxo's investment and trading capabilities, directly into their own applications and systems and enhance its offering to clients.…

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