CME Group (NASDAQ: CME) today notified traders that effective Sunday, July 10, 2016 for trade date Monday, July 11, 2016, and pending all relevant CFTC regulatory review periods, CME will reduce the price increment of the Canadian Dollar/US Dollar futures contract down to a half tick commencing with the September 2016 contract month and beyond. Specifically,…
Read moreBloomberg is reporting that Goldman Sachs Group Inc (NYSE:GS) has cut dozens of investment banking jobs in the last few weeks, joining securities firms that are adjusting to a slowdown in trading volume and deal activity. Goldman apparently eliminated eliminated dozens of senior positions including Managing Directors, Executive Directors and Vice Presidents across the mergers and debt and…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today issued Orders of Registration to the following Foreign Boards of Trade (FBOT): - BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros (BVMF), an FBOT located in São Paulo, Brazil; and - Cleartrade Exchange Pte. Limited (Cleartrade), an FBOT registered in Singapore with offices in Singapore and…
Read moreitarle AG (itarle), a leading provider of multi asset algorithmic trading and analytics services for the sell-side, today announced it has established an algorithmic trading service bureau at the Equinix ZH4 data centre in Zurich. Switzerland is also where itarle Global HQ is located along with offices in Dublin and Hong Kong. This latest service has…
Read moreMore down trading volume activity to report for May. Deutsche Börse Cash Market reports that order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €103.8 billion in May - down 6% from €110.2 billion in April and off 17% from May 2015 at €125.6 billion. Of the €103.8…
Read morePan European financial regulatory body European Securities and Markets Authority (ESMA) has just published an updated version of its marketing rules for CFDs, Forex and Binary Options. The update was done in Q&A form, focusing on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs)…
Read moreBats Global Markets, Inc. (BATS:BATS), the second-largest stock exchange operator in the U.S., has announced the launch of what it is calling the Liquidity Management Provider (“LMP”) Program on The Bats ETF Marketplace, further incentivizing liquidity providers trading exchange-traded products (ETPs) on Bats. The LMP Program, which was filed with the Securities and Exchange Commission on May 12th, rewards liquidity providers…
Read moreRussian bourse Moscow Exchange will implement new listing rules effective as of 7 June 2016. The new rules update the end of the transitional period allowed for issuers to comply with new listing requirements, including corporate governance standards, to 3 October 2016. This will give issuers sufficient time to pass the necessary resolutions at their…
Read moreLeapRate Exclusive... LeapRate has learned that Phillip Capital Inc. (PCI), the Chicago-based member of the PhillipCapital Group of Companies (PhillipCapital Group), will cease to offer retail forex trading to customers beginning immediately, i.e. June 1, 2016. This news comes in response to a Securities and Exchange Commission (SEC) release from May 20, 2016 as reported exclusively…
Read moreIt's a new month with new opportunities and today FCA (UK) regulated FX strategy asset manager and STP broker Darwinex announced they have upgraded its DarwinIA challenge. DarwinIA is a monthly trading challenge that awards the most consistent traders on Darwinex. Starting in June, the firm will be allocating €1,000,000 to the most consistent DARWINS every month, this is a bump from…
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