The purpose of most Retail Forex broker sponsorships is to get your brand 'out there' and noticed, associated with a team / person / sport which evokes positive responses. Beyond just placing a brand name on a football jersey or racing car, we've seen lately a number of 'different' and innovative approaches to Forex sports…
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Shortly after reporting a 57% rise in FX Futures ADV MoM in September, international derivatives marketplace CME Group Inc. (NASDAQ: CME) has reported revenue of $842 million and operating income of $525 million for the third quarter of 2016. Net income was $473 million and diluted earnings per share were $1.39. On an adjusted basis, net…
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The European Securities and Markets Authority (ESMA) has issued a set of Questions and Answers (Q&As) regarding the implementation of the Market Abuse Regulation (MAR). ESMA is required to play an active role in building a common supervisory culture by promoting common supervisory approaches and practices. In this regard, the Authority develops Q&As as and…
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Cyprus financial regulator CySEC has issued a Consultation Paper regarding a proposed circular on the requirements for the safeguarding of client funds at regulated CIF entities. CySEC already requires regulated brokers to fully segregate client funds - one of the facets which saved Cyprus brokers and their clients from the 'haircut' given to all bank…
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The Autorité des Marchés Financiers (AMF) and the Association Française de la Gestion Financière (the French Asset Management Association - AFG) have produced a report on the outcome of the FROG working group’s and on the implementation of its actions to raise the profile and broaden the distribution of French funds abroad. The FROG group,…
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The Eastern Magistrates’ Court has convicted Gold Root Global Investments Limited (GRG Investments) of dealing in futures contracts through its website between March and April 2013 without a licence from the Securities and Futures Commission (SFC). GRG Investments pleaded guilty and was fined $10,000 and ordered to pay the SFC’s investigation costs. Dealing in futures contracts…
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Copenhagen-based Multi Asset broker Saxo Bank has just reported its September volumes and it has made quite a rise from August's lowest level in 2016. In fact, by all means, this has been Saxo Bank’s best volumes month in 2016 and most active one since January 2015 when volumes topped $300 billion in part due to the…
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Switzerland's financial regulator FINMA has added a Binary Options broker named Swiss Royal Banc operating at swissroyalbanc.com to its warning list, of companies which are suspected of conducting unauthorised activities in the financial market. We assume that FINMA added Swiss Royal Banc mainly because of their name, which was obviously chosen to give unsuspecting retail traders the…
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German banking giant Deutsche Bank AG (NYSE:DB) has just announced its quarterly report. Here are some of the highlights: Revenues slightly up EUR 7.5 billion vs. EUR 7.3 billion in 3Q2015, despite a tough interest rate environment Noninterest expenses lower EUR 6.5 billion vs. EUR 13.2 billion in 3Q2015, which included significant impairments and litigation…
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The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s decision to refuse an application from Clemente Group Holdings Pty Ltd seeking an Australian Financial Services (AFS) licence to provide various financial services, including to make a market in derivatives. In her decision, the AAT’s Senior Member J F Toohey said: In my assessment of the evidence,…
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