The value of Australia Securities Exchange (ASX)-listed stocks, as measured by the All Ordinaries Index, fell 0.1% in September 2016. This performance was in contrast to some major markets, including the UK up 1.7%, Singapore up 1.7% and Hong Kong up 1.4%. Declines were also observed in Japan down 2.6%, Germany down 0.8% and the…
Read moreLeapRate Exclusive... LeapRate has learned that leading Australian retail forex and CFD broker AxiTrader has made a change in its senior management ranks, adding Kevin Tunney (pictured at left) as its new global Chief Marketing Officer (CMO). Tunney joins AxiTrader from outside the Forex industry. Prior to joining AxiTrader, Tunney was Ecommerce Manager at premium eyeware…
Read moreThe Tokyo Commodity Exchange (TOCOM) has announced that average daily volume for September 2016 was 85,496 contracts, down 3.7% MoM. Volume for TOCOM’s largest contracts was mixed; Dubai Crude Oil was up 5.5% to 19,849 contracts and Rubber was up 6.4% to 6,567 contracts while Gold Standard decreased 13.7% to 24,608 contracts. TOCOM Dubai Crude…
Read moreIntroducing broker Vankar Trading, an NFA-member introducing broker based in Chicago, has seen the NFA permanently bar it from membership and from acting as principal of an NFA member. In addition, the NFA has barred John S. Karvelas, sole principal of Vankar, from acting as a principal of an NFA Member for 10 years. Karvelas was…
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 moreRetail Forex broker Exness has announced that it has launched enhanced analytics for its trading clients, including earlier publication of data and analytics with greater depth. Exness recently unveiled that it had received an FCA license for its UK subsidiary, with plans to expand in Europe. Most of Cyprus-based Exness' current business is in the…
Read moreThe Securities and Exchange Commission (SEC) has announced that Credit Suisse AG has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business. A former executive agreed to settle charges that he was a cause of Credit Suisse’s…
Read moreBats Global Markets, Inc. (Bats:BATS), has announced the successful migration of its largest options exchange, BZX Options, to the company’s proprietary next-generation matching engine. The migration of BZX Options to the new technology was seamlessly completed without incident or impact to customers. On the final day of migration, September 29, 2016, 100% of active customers…
Read moreThe Minister for Revenue and Financial Services, The Hon. Kelly O’Dwyer has today launched ASIC's MoneySmart ‘Simple Money Manager'. The Simple Money Manager is a free online budgeting resource designed to help culturally and linguistically diverse (CALD) Australians with everyday budgeting to take control of their finances. ASIC has consulted a wide range of government…
Read moreThe U.S. Securities and Exchange Commission today announced that Credit Suisse Group AG (ADR) (NYSE:CS) has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business. Former Credit Suisse executive Rolf Bogli, who served as chief operating…
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