Asian stocks climbed to one-year highs on Monday. The Australian dollar also rose as investors' hunt for yield gathered momentum against a backdrop of a recovering U.S. economy and easy global monetary policy conditions. The U.S. Department of Labor said July non-farm payrolls rose by 255,000 and revised the June increase upward to 292,000. The…
Read moreRetail forex broker Exness has reported record FX trading volumes of $253.2 billion in July - a 35% increase from June and 9% higher than Exness' previous best month of $232 billion set in June of last year. Year-to-date in 2016, Exness has seen $1.37 trillion in total trading volume, has honored a total $155 million in…
Read moreSIX Swiss Exchange today announced it is consolidating its position as a leading trading venue for international blue chips. From today SIX Swiss Exchange is enabling investors to trade certain US stocks in its Sponsored Foreign Shares trading segment directly in US dollars, thereby lending them even more flexibility in the implementation of their investment…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) plans to introduce Mini-Hang Seng China Enterprises Index Options (Mini H-shares Index Options) on Monday, September 5, 2016 to meet demand from retail investors and give market participants more flexibility by providing a contract one-fifth the size of its H-shares Index Options contract. Underlying Index Hang Seng China…
Read moreMulti-asset trading and investment services provider Saxo Bank has issued its July FX volumes results and they just keep rising. Saxo Bank's highest peak so far was June's FX volumes, counting $261 billion since early 2015. FX volumes in July show the impressive number of $265 billion. Daily average hit $12.6 billion this month. As for clients' collateral…
Read moreLondon Stock Exchange Group (LSE) has announced that UnaVista, its MiFID Approved Reporting Mechanism (ARM), has made user acceptance testing available for MiFIR transaction reporting 17 months ahead of schedule. UnaVista is the LSE group’s global hosted platform for all matching, validation and reconciliation needs. It offers a range of business solutions through one interface…
Read moreASIC has released its enforcement report for the period January 1, 2016 to June 30, 2016. The report highlights ASIC's long-term challenges and areas of focus going forward, as well as outcomes supporting those areas, including: balancing a free-market system with investor and financial consumer protection; digital disruption; structural change; financial innovation-driven complexity; and globalisation.…
Read moreHong 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 morePost trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), has announced that 11 CME Group IRS clearing members eliminated 12.5 trillion MXN ($664 billion USD) notional outstanding in the first triReduce multilateral compression cycle for cleared Mexican Peso (MXN) interest rate swaps (IRS). Over 35% of the cleared MXN notional principal outstanding in CME…
Read moreBack in February LeapRate broke the news of a major restructuring at the Markets.com unit of Teddy Sagi's online gaming giant Playtech PLC (LON:PTEC), which included mass layoffs in a restructuring of sales, retention and customer service operations at the retail forex broker. So it should come as not too much of a surprise that…
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