Copenhagen-based Multi Asset broker Saxo Bank has reported a net profit of DKK 158 million (about USD $24 million) for the first six months of 2016. Client collateral deposits continued to rise at Saxo Bank, up by DKK 6 billion compared to H1 2015, to reach a record high of DKK 82 billion. Revenues at Saxo Bank…
Read moreIn addittion to yesterday's MetaQuotes announcement about the updated MetaTrader 5 multi-asset web platform, the company has informed that it has made several updates to its iOS version. The updates for MetaTrader 5 iOS are: Changed Trade section display — trading data representation now depends on the risk management system on a trading account: Retail Forex,…
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…
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The fintech developer PFSOFT has extended a set of risk rules for its Protrader solution to meet requirements from proprietary trading firms. The new set of rules added to current risk measures encompasses settings like: daily and weekly loss limits maximum value of all positions maximum trailing drawdown Protrader is a multi-asset single dealer environment for instruments and…
Read moreWell it looks as if FXCM still does have some salable assets. Continuing its parade of asset sales in order to repay its high-interest loan from Leucadia National Corp (NYSE:LUK), retail forex broker FXCM Inc (NASDAQ:FXCM) has sold its very popular research, education and market news website DailyFX to UK online trading giant IG Group Holdings plc…
Read moreFollowing previous announcement dated 29 July 2016, the Cyprus Securities and Exchange Commission (CySEC), following a decision at the meeting dated 26 September 2016, announces that the authorisation of the Cyprus Investment Firm AirFinance Pro Ltd, with number 206/13, continues to be suspended. While the suspension of the authorisation is in force, AirFinance Pro Ltd:…
Read moreFollowing public consultation, ASIC has remade three legislative instruments that affect financial reporting by companies. The relief is set out in the following new legislative instruments: ASIC Corporations (Audit Relief) Instrument 2016/784 (replaces Class Order 98/1417) ASIC Corporations (Wholly owned Companies) Instrument 2016/785 (replaces Class Order 98/1418) ASIC Corporations (Qualified Accountant) Instrument 2016/786 (replaces Class…
Read moreThe last 20 years has seen remarkable change in the equity markets, but not everyone is pleased with the evolution. According to international research and consulting firm TABB Group’s latest research, “Myth Busting and the New Market Maker: Liquidity, Speed, and Risk in an Age of Microseconds,” many investors and market professionals do not fully…
Read moreThe Securities and Exchange Commission (SEC) has voted to propose a rule amendment to shorten the standard settlement cycle for most broker-dealer securities transactions from three business days after the trade date to two business days after the trade date. The proposed amendment is designed to reduce the risks that arise from the value and number…
Read moreThe Financial Conduct Authority (FCA) has published its third consultation paper on the implementation of the revised Markets in Financial Instruments Directive (MiFID II). MiFID II, which comes into effect on 3 January 2018, updates and improves rules governing the way capital markets function, contributes to the reform of derivatives markets and strengthens transparency of…
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