The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. [divide] Following the Brexit vote, the major central banks have so far been following the philosophy of Lao Tzu, the founder of Taoism, who said, “by doing nothing, everything is done.” That’s what the Bank of England did two…
Read moreAfter warning on CFD trading, the European Securities and Markets Authority (ESMA) has issued a warning about the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors who are unaware of the risks associated with these products, and also highlights the regulatory action taken in relation to several Cyprus-based investment…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) has introduced its Closing Auction Session (CAS) for securities after extensive preparations and testing conducted in conjunction with market participants. There were 290 Exchange Participants that took part and 282 stocks were traded in the CAS on its first day, contributing 2.2% of the full-day turnover. Closing auction…
Read moreThe Tokyo Commodity Exchange, Inc. (TOCOM) has launched a new physical market for gold, Gold Physical Transaction. The number of executed transactions for the first trading day was 14. TOCOM is the only regulated exchange that operates a gold market in Japan and gold is the most actively traded commodity at the Exchange. With the…
Read moreBursa Malaysia Berhad has registered a 3% increase in Profit After Tax and Minority Interest (PATAMI) of RM99.4 million, for the first half ended June 30, 2016 compared to the same period last year on the back of higher operating revenue. Bursa Malaysia continued to record a Return on Equity (ROE) performance of 25%, despite…
Read moreASIC today released a consultation paper about it directly communicating specific financial reporting and audit findings identified from ASIC reviews of external audit files to directors, audit committees or senior managers of companies, responsible entities or disclosing entities. ASIC Commissioner John Price said: We are consulting about reporting the most significant findings from our reviews of…
Read moreThe head of the International Monetary Fund (IMF), Christine Lagarde, must stand trial in France over a payment of €403 million (now £340m, then £290m) to tycoon Bernard Tapie. Mr Tapie, a former French football team owner, won €403 million in 2008 in a case against the French public bank Crédit Lyonnais, after he said…
Read moreRavenPack partners with Alliance News to provide big data analytics to UK focused investors.
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 moreCySEC and BVI regulated brokerage firm FIBO Group announced the expansion of its activities in Asia and likewise the official opening of their new office in Shanghai, China. The brokerage states its customers from this region will be able to directly obtain the necessary consultation and open an account within the new office under the supervision of qualified…
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