September 08, 2016 BY Valentina Kirilova

CBOE Vest launches CBOE Vest S&P 500 Buffer Protect Strategy Fund (BUIGX)

CBOE Vest Financial, an investment manager focused on target outcome investment strategies, has launched the CBOE Vest S&P 500 Buffer Protect Strategy Fund (BUIGX), the first mutual fund designed to provide investors with index-based buffer protection. The fund is designed to track the CBOE S&P 500 Buffer Protect Index Balanced Series (SPRO), providing a risk-managed investment that…

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September 08, 2016 BY Valentina Kirilova

OSC announces Seniors Expert Advisory Committee Members for 2016 – 2017

The Ontario Securities Commission (OSC) has announced the membership of its new Seniors Expert Advisory Committee (SEAC). The SEAC advises OSC staff on securities-related policy and operational developments that impact older investors and will provide input on the OSC’s related education and outreach activities. OSC staff recognize the importance of consulting seniors’ experts who can provide…

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September 08, 2016 BY Valentina Kirilova

BSO launches Mumbai Connect, enables India’s high growth HFT community

Ethernet network, cloud and hosting provider BSO has announced the launch of Mumbai Connect, an ultra low latency service that offers ultra-fast, flexible connectivity in/out of India to major global markets. Mumbai Connect addresses the growing demand from high frequency traders (HFTs) in India where high-frequency and algorithmic transactions have grown from single digits to about 40%…

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September 08, 2016 BY Valentina Kirilova

Deutsche Börse announces unscheduled adjustment in DAX

Deutsche Börse has announced an unscheduled change to the DAX index. Following, the spin-off of Uniper SE from E.ON SE, an adjustment of the DAX index is required. On 12 September, Uniper SE will therefore be included in the DAX index for one day. This adjustment ensures the trackability of the index for investors. The…

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September 08, 2016 BY Valentina Kirilova

Westpac Bank refunds $20 million in credit card foreign transaction fees

Westpac Banking Corporation (WBC:ASX) has recently refunded approximately $20 million to around 820,000 customers for not clearly disclosing the types of credit card transactions that attract foreign transaction fees. Following a customer complaint, Westpac notified ASIC that customers may have been incorrectly charged foreign transaction fees for Australian dollar transactions processed by overseas merchants. Because…

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September 07, 2016 BY Mike Fox

Social trading broker ayondo launches new website as it readies SGX IPO

Financial technology group ayondo today announced it has relaunched its website, with a fresh design and added features aimed at further improving the trading experience for its clients. Users can now quickly get to where they need to be thanks to a more modern and responsive layout, and additional tools such as a new charting…

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September 07, 2016 BY Mike Fox

US Retail Forex assets up slightly in July as industry down to 5

CFTC data from US retail forex brokers is out for July showing a slight increase overall of 0.94%. Moreover, this report should be the last report before Interactive Brokers is removed from the retail FCM list. Like promising new entrant to the U.S. FX trading market Phillips Capital, whose NFA/CFTC Retail FX license became null after…

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