Continuing a trend we have seen over the past six months from some of the leading UK-based retail forex and CFD brokers, PhillipCapital UK went live yesterday with their new online offering. As with many of the new & improved websites and Home Page redesigns we've seen lately from some leading retail forex brokers in…
Read moreThe Ontario Securities Commission (OSC) has published OSC Staff Notice 51-727 Corporate Finance Branch 2015-2016 Annual Report. This report provides key information to the individuals and entities the OSC regulates, as well as their advisors, to help them comply with regulatory obligations. Current issues and trends related to continuous disclosure, offerings and exemptive relief applications are…
Read moreBitcoin exchange operator and service provider Coinbase just announced that consumers in Canada & Singapore can now instantly buy bitcoin and ether with their debit and credit cards. To get started, consumers just have to visit the Trade page on the company's website or tap on the “Buy” or “Sell” options in Coinbase's iOS or Android apps to add a credit…
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm UBS Global Investment Management Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part…
Read moreGlobal exchanges operator Bats Global Markets, Inc. (Bats: BATS) has welcomed Legg Mason as a new issuer to the Bats ETF Marketplace with the launch of the Legg Mason International Low Volatility High Dividend ETF (Bats: LVHI). The new fund seeks to track the investment results of an index composed of publicly traded equity securities…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge John Z. Lee of the U.S. District Court for the Northern District of Illinois entered an Order of Final Judgment by Default (Order) that requires Defendants Vault Options, Ltd. (Vault) and Global Trader 365 (GT 365), two Israeli web-based binary options firms, to jointly…
Read moreWedbush Futures is pleased to announce that it has surpassed $1 billion in customer segregated funds. This accomplishment makes Wedbush Securities Inc. the seventh largest non-bank FCM and twenty-sixth largest overall FCM based on customer segregated funds. As an FCM new to the business, the achievement of reaching this significant milestone demonstrates the level of…
Read moreThe European Securities and Markets Authority (ESMA) has published today statistical data on the number of prospectuses approved and passported by the National Competent Authorities (NCAs) of the European Economic Area (EEA) within the EU prospectus regime. The report shows that the number of prospectus approvals across the EEA has slightly decreased in 2015 compared…
Read moreIndependent broker dealers (IBDs) and wirehouse firms experienced net asset outflows of 2% for actively managed mutual funds in the first half of 2016, according to data released by financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) via its Fund Distribution Intelligence. Much of the outflows of actively managed funds from broker dealers appeared to move…
Read moreThe computer software company Oracle (NYSE: ORCL) has announced that it has entered into a definitive agreement to acquire NetSuite (NYSE: N), the very first cloud company. The transaction is valued at$109.00 per share in cash, or approximately $9.3 billion. Mark Hurd, Chief Executive Officer, Oracle, said: Oracle and NetSuite cloud applications are complementary, and will coexist…
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