The Securities and Exchange Commission (SEC) charged the co-founder of a Minnesota-based energy company with manipulating its stock price and concealing his control of the company to attain lucrative financial payouts. The company’s other co-founder agreed to pay nearly $8 million to settle separate charges against him. Three others also are charged in the case.…
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ASIC has suspended the Australian financial services (AFS) licence of Parramatta-based Rural & General Insurance Broking Pty Limited (RGIB) for failing to lodge financial statements, auditor's reports and auditor's opinions for the financial years ending 30 June 2014 and 30 June 2015. This is in breach of both its legal obligations under the Corporations Act…
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Tullett Prebon Information (TPI), a provider of independent real-time price information from the global OTC financial and commodity markets, has signed a deal with Brave New Coin (BNC) to distribute its digital currency data. This is the first time such a comprehensive view of the entire digital currency landscape has been made available to financial…
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Beginning what we believe will be a series of fairly so-so October trading volume reports by both retail and institutional Forex platforms, Forex ECN FastMatch is reporting that volumes in its system fell marginally by 1% MoM from September, to average $13.6 billion ADV for the month. That being said, September was FastMatch's second best month ever for FX…
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Forex ECN Hotspot FX has published October trading volumes, showing a decline from September's improved results. October volumes at Hotspot FX came in at $25.3 billion (average daily volumes), 11% below September's $28.3 billion. Earlier this year Hotspot was seeing volumes even higher, steadily above $30 billion ADV. Hotspot FX parent company Bats Global Markets Inc…
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Bitcoin prices have been on a three month tear since early August, trading from the mid-$500's up to above $700. As at the time of writing, the USDBTC pair was at $704, marking the first time Bitcoin has been above $700 since mid June. Ignoring the aforementioned June price spike around the time of the…
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Welcome to November, LeapRate readers! Where did the summer go? Beyond waving goodbye to the summer months for those of us in the northern hemisphere, November 1 also kicks off October volumes reporting for leading institutional and retail eFX venues. First out of the gate is GTX, the institutional FX arm of retail forex broker Gain…
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The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. FXPRIMUS Week in Focus for the week beginning Oct. 24th: RBA, BoJ, BoE & FOMC meetings; US nonfarm payrolls Meetings of three of the four major central banks plus Australia followed by the US nonfarm payrolls, the biggest indicator…
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With the heightened focus on regulation, growing cross-border investment and reducing securities trade settlement cycles globally, provider of risk mitigation and operational services for the global FX market ClS has welcomed the initiative by the Financial Services Agency (FSA) to promote payment-versus-payment (PvP) settlement to mitigate settlement risk. This reaffirms Japan's commitment to strengthening settlement…
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Lessons From 29 Years of Market History 29 years ago this month the world equity markets experienced a meltdown that became known as Black Monday (or Black Tuesday in Asian time zones). On October 19, the Dow Jones Industrial Average plunged 23%, which happened to be its largest-ever one-day percentage decline. As equity and bond…
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