Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) reported its Q3 results, and they were not pretty. And the stock market responded in kind. After seeing its business shrink by 21% in Q2, KVB saw its revenues plummet another 20% in Q3 to HK$ 66.6 million (USD $8.6 million) - its…
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CME Group (NASDAQ: CME) the world's leading and most diverse derivatives marketplace announced today that on Sunday January 8, 2017 for trade date Monday, January 9, 2017 (and pending final regulatory approval), trading will commence in COMEX’s London Spot Gold and London Spot Silver Futures. These innovative contracts will provide market participants with exposure to…
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Europe based brokerage Admiral Markets announced that there have been some changes in the company's payment policy concerning the US dollar. As of 3 November 2016, the company's clients will no longer be able to deposit and withdraw in USD using Neteller payment system. Clients should refer to Admiral Markets' Deposits & Withdrawals section to…
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Oil reversed early losses of almost 4% and was traded above $46 a barrel on Wednesday, as the market recovered from the initial reaction to Donald Trump's surprise victory in the U.S. presidential election. The dollar however steadied and European stocks pared losses. Brent crude (LCOc1) was up seven cents at $46.11 a barrel by…
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Country plans to fight counterfeiting by replacing old bills with new 500- and 2,000-rupee notes In a swift move, Indian Government demonetized High Denomination currency with immediate effect. The move encourages citizens to get digitally empowered and go for cashless transactions. The new 500- and 2,000-rupee notes, worth around $7.50 and $30 respectively, will begin…
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Deutsche Börse has announced that two new ETFs issued by Commerz Funds Solutions S.A., a Commerzbank Group management company, have been tradable on Xetra and Börse Frankfurt since Monday. ETF name: ComStage 1 SDAX UCITS ETF Asset class: equity index ETF ISIN: DE000ETF9058 Total expense ratio: 0.7 percent Distribution policy: distributing The ComStage 1 SDAX UCITS…
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FCA and CySEC licensed Retail Forex broker FxPro has sent a note out to clients, indicating that it is returning to margin requirements to normal for most currency pairs (see details below). However for the time being, FxPro is leaving its new (tighter) margin requirements in place for Precious Metals, Spot Indices and Shares. FxPro had…
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The corporate bond investment and financing platform UK Bond Network has received direct authorisation from the Financial Conduct Authority. The approval from Britain’s financial regulator is a landmark for the company and follows the successful completion of the FCA’s authorisation process over several months to ensure regulatory standards are met. Previously, UK Bond Network operated under…
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The Board of the International Organization of Securities Commissions (IOSCO) has published a consultation report titled Other CRA Products, which seeks further insight into how market participants use non-traditional, products or services offered by credit rating agencies (CRAs). The objective of the consultation report is to clarify information provided by respondents to two survey questionnaires…
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ASX and ASIC have today invited the 100 largest ASX-listed companies to participate in the ASX 100 Cyber Health Check, a survey to benchmark the levels of cyber security awareness, capability and preparedness within Australian business. Participation by companies is voluntary, with responses sought by mid-December 2016. Companies that participate will receive a confidential report…
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