Retail forex broker Exness has reported its FX volume and operating results for October, indicating a slight 4% decline in activity MoM from September to $208.9 billion. Still, a fairly good result given that September was Exness’ second best month of 2016, after record monthly volumes of $253 billion recorded in July in a very…
Read more
Broadridge Financial Solutions, Inc. (NYSE:BR) has expanded its wealth management and U.S. Department of Labor (DOL) Fiduciary Rule compliance capabilities with the acquisition of M&O Systems, Inc., a provider of advisor compensation management solutions that help broker-dealers and wealth management firms support advisors and grow their businesses. Terms of the deal have not been disclosed.…
Read more
Shortly after the World Federation of Exchanges (WFE) has appointed three new officers of the Board, the Stock Exchange of Thailand (SET) President Kesara Manchusree has also been elected as a member of its Board of Directors to serve a three-year directorship. Elected as a new board member during the 2016 WFE General Assembly and Annual…
Read more
Euronext, the pan-European exchange in the Eurozone, has announced its trading volumes for October 2016. Here are some of the highlights: The average daily transaction value on the Euronext cash order book for October 2016 stood at €6,328 million, down -18.2% compared to October 2015 but up 9.5% compared to Q3 average daily volume. Activity…
Read more
The Autorité des marchés financiers (AMF) has warned French investors against marketing material issued by BLUE STONE LTD via several web sites proposing offers to invest in diamonds. BLUE STONE LTD, whose head office is located at 3rd Floor, 120 Baker Street, London, England, W1U 6TU, proposes offers to investors residing in France to invest in…
Read more
Oil prices were set for sixth straight day of declines this Friday, dragged lower by a surge in U.S. crude inventories, timid demand and doubts over the ability of producers to coordinate output cuts. Brent crude futures were at $46.21 per barrel at 0740 GMT, meaning they were down with 14 cents from their last close.…
Read more
GMO Click Holdings Inc (TYO:7177) has released its monthly preliminary report of its subsidiaries for October 2016. October's total ADV was ¥73,586 million - quite a drop from September's ¥83,077 million. This is a 11.4% dive. OTC FX Trading Value has also made an extreme plunge with a 46.8% MoM. To see the complete report,…
Read more
The FMA has acknowledged the announcement by Commerce and Consumer Affairs Minister Paul Goldsmith of government approval to increase FMA funding. The Government has approved an increase in funding of $9.8 million. While the Crown and levy payers will continue to share the costs of funding the FMA, this increase has been made possible by…
Read more
Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read more
Fresh off a very negative Q3 financial report, retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) is shaking up its management ranks. Gain Capital has indicated in regulatory filings that COO Jeff Scott will be leaving his current position with the firm, in favor of heading the company's not-yet-operating international money transfer business, Gain Capital Payments Ltd.…
Read more