Brokerage house XTB Ltd UK (formerly known as X Open Hub Ltd) released year ended Dec 31st 2015 financial statements which shows the UK office of the brokerage XTB Group swung to a profit of £268k on £4.6m in revenues compared to 2014 where revenue stood at £970k and the company absorbed a loss of £686k. Parent company X-Trade Brokers…
Read moreFollowing public consultation, ASIC has finalised an Instrument to maintain relief concerning the entities to which client money can be deposited under s981B of the Corporations Act. The Instrument replaces ASIC Class Order [CO 04/1063] Section 981B money in cash common funds due to sunset on 1 April 2017. ASIC made [CO 04/1063] to address…
Read moreJust three days ago, EBS BrokerTec, ICAP Plc’s (LON: IAP) market-leading electronic foreign exchange (FX) and fixed income business, has announced that Jim Iorio joins the company as Global Head of Sales and will sit on EBS BrokerTec’s Executive Management Committee. Today, ICAP has announced that EBS BrokerTec's CEO, Gil Mandelzis, has decided to step…
Read moreLeading CySEC and FCA regulated broker FxPro is informing clients that normal trading activity on Turkish lira (TRY) pairs will be re-enabled on all platforms on Monday, July 25, 2016, at 12.00 (GMT+3), subject to an increase of margin requirements to 5% for all existing and new positions. On Sunday July 17 FxPro informed clients…
Read moreBank Forex executive Mark Johnson, HSBC's global head of foreign exchange cash trading in London has reportedly been arrested at New York's John F. Kennedy airport, charged with front-running customer orders. According to press reports, Mr. Johnson has become the first person to be charged in the Justice Department's three-year probe into forex rigging at global banks. He…
Read moreBusiness valuation and strategy consultancy Brand Finance plc has announced the launch of the Solactive BrandFinance European Leaders Select 30 Index and Solactive BrandFinance European Leaders Low Risk 30 Index in collaboration with Solactive AG, an innovative index provider based in Frankfurt. The Solactive BrandFinance indices were created in light of the link between brand value and…
Read moreFurther to the announcement made on July 8, 2016, online brokerage leader IG Group Holdings plc (LON:IGG) has confirmed that, following receipt of regulatory approval, its Chief Financial Officer (CFO) Designate, Paul Mainwaring has been appointed an Executive Director of IG Group Holdings plc and Chief Financial Officer with immediate effect and joins the Board of IG.…
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 moreUnionPay International, a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business is accelerating its localization overseas by enlarging card-issuing scale abroad, and by supporting overseas cardholders' card-using in the local market, China and other countries and regions. Latest data show that, by this June, the transaction volume of overseas-issued UnionPay cards…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) has announced the securities for the first phase of the closing auction it will introduce in its securities market on Monday, July 25, 2016. They were posted in the Volatility Control Mechanism and Closing Auction Session (CAS) section of the HKEX website today along with updated frequently asked…
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