The European Securities and Markets Authority (ESMA) has published an updated questions and answers (Q&A) document on the application of MiFID II/ MiFIR which clarifies when ESMA will publish the first set of data needed to implement the Systematic Internaliser (SI) regime and the date by when firms must comply with the SI regime for…
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Shortly after marking the first trading day for four letter stock symbols on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), the Board of Directors of TMX Group Limited (TSX: X) has declared a dividend of $0.45 on each common share outstanding, a 12.5% increase from the previous $0.40 per common share. This dividend…
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Japanese forex broker Monex Group, Inc. (TYO:8698) has just published its monthly business metrics of its subsidiaries in October 2016. The number of Global Daily Average Revenue Trades has dropped last month with 5.7% from 251,188 to 236,895 MoM. The number of total accounts has remained almost the same MoM, with a slightly inappreciable rise…
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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…
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In the wake of signing up FX broker partners Pepperstone, IC Markets, Global Prime and AvaTrade in June upon their launch and ASIC regulated USGFX in August, Australian headquartered PsyQuation, a unique provider of quantitative and behavioural analytic software solutions for the broker and trader community has announced their latest broker signup and it is a…
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BTCC (originally founded in 2011 as BTCChina) the company behind the longest-running bitcoin exchange worldwide, it is worth noting this week launched a new BTC/USD exchange that the company says was designed in close collaboration with leading bitcoin traders. The new exchange features industry-leading rates and a multi-tier referral program to maximize passive income. The…
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Some rough numbers from retail forex broker Gain Capital Holdings Inc (NYSE:GCAP). Gain Capital, which operates the Forex.com retail and GTX institutional FX brands, reported its Q3 financial report after the close of US markets Thursday, indicating that: Revenues were down 33% QoQ to $72.2 million, Gain's slowest quarter since Q2-2014. The company lost $4.7 million in…
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With the U.S. Presidential Election only 5 days away now, many brokers have been reporting reduction in leverage and increase in margin requirements to guard against any dry up of liquidity or sudden price shocks should markets get a little crazy. CySEC/IFSC regulated RoboForex has taken a different approach. Today the FX broker only 'warned'…
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PFSOFT, the global developer of brokerage and trading solutions, has enhanced its brokerage solution today announcing a new bonds trading functionality. Broking and market creating capabilities of the Protrader solution in regards to bonds allow to issue and execute internally as well as via API integration government bonds, T-bills a and corporate bonds. From now…
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The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, has appointed three new officers of the Board, in line with the organisation’s customary geographical rotation of officers every two years. The new officers of the Board are: Ms Chitra Ramkrishna, Managing Director & CEO, National Stock…
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