INTL FCStone Inc. (NASDAQ:INTL), a financial services organization delivering financial products, advisory and execution services, has announced its financial results for the fiscal year 2016 third quarter ended June 30, 2016. Compared to last year, the net income is up with 20% to $14.6 million. Diluted EPS are also up 26%. Annualized Return of Equity…
Read moreMoscow Exchange, or Moskovskaya Birzha OAO (MCX:MOEX) has announced its financial results under International Financial Reporting Standards (IFRS) for the second quarter 2016. Earnings growth was supported by an increase in fee and commission income from all trading markets across the Exchange's diversified business, particularly the Derivatives, Fixed Income and Money Markets. Key financial highlights for…
Read moreAustralia financial regulator ASIC has cancelled the Australian financial services (AFS) licence of Pacific Millennium International Investment Group Pty Ltd (PMIIG) after it was found to have breached the obligations of a financial services licensee. PMIIG was authorised under its AFS licence to provide general financial advice and dealing services to wholesale clients, among other…
Read moreParker and QuantX misappropriated at least $341,500 of customer funds for business and personal expenses.
Read moreU.S. Securities industry regulator The Financial Industry Regulatory Authority (FINRA) announced that it has fined the Barclays Capital Inc. unit of UK based banking giant Barclays PLC (ADR) (NYSE:BCS) $1.3 million for systemic Order Audit Trail System (OATS) reporting violations and related supervisory failures. FINRA rules require firms to transmit to OATS complete and accurate data relating…
Read moreSwedish financial group SEB has joined a $4 million Series A funding round for Danish blockchain payment service provider Coinify. The bank's venture capital arm was joined in the round by Seed Capital Denmark, boosting Coinify, which claims to be the largest facilitator of blockchain payments in Europe, supporting more than 20 PSPs and reaching over 100,000…
Read moreHSBC Holdings plc (LON: HSBA) has announced a $2.5 billion share buy-back as it takes steps to soothe investors after a near 30% drop in first-half core profits. The shares rose 3.5% in London initially before falling down slightly afterwards. The bank also said that they are going to abandon their timetable for achieving a…
Read moreThe European Securities and Markets Authority (ESMA) has issued an opinion regarding the exemption of a Danish pension scheme from the obligation to centrally clear OTC derivative contracts under the European Market Infrastructure Regulation (EMIR). Pension scheme arrangements meeting certain criteria were granted a transitional exemption from the clearing obligation under EMIR. Some pensions schemes…
Read moreBinary options platform provider and operator TechFinancials Inc (LON:TECH) saw its share price soar by 64% on Wednesday, after reporting a brief First Half 2016 Trading Update. The TechFinancials update indicated that EBITDA increased by over 80% from last year 1H, from US$0.55 million to in excess of US$1 million. Relatively rosy comments from TechFinancials CEO Asaf…
Read moreGood news for people living anywhere between NY and Chicago! BSO, the Ethernet network, cloud and hosting provider, is expanding into the United States with the introduction of a metro fibre network in New York City’s financial district. The first of the company’s North America expansion announcements, BSO is lighting up Equinix NY4 – Equinix NY9 –…
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