The hits just keep on coming to Verizon Communications Inc. (NYSE, Nasdaq: VZ) as they've revealed Yahoo's acquisition just a week ago. The telecoms giant and Fleetmatics Group PLC (NYSE: FLTX) have announced today they have entered into a definitive agreement under which Verizon will acquire Fleetmatics, a global provider of fleet and mobile workforce management solutions,…
Read moreThe Financial Markets Authority (AMF)'s annual report for 2015 showed that the number of complaints received against binary options and Forex brokers reached 1,617 in 2015, up from 1,293 in 2014. The high rise in complaints is probably just one of the reasons that AMF is launching a consultation, until 30 September 2016, on the introduction…
Read moreFSA Seychelles regulated Forex broker Tickmill today announced that for August the firm is celebrating its second birthday by doling out handsome incentives to long term clients. The firm stated its been delighted to have been able to provide their clients with supreme trading conditions for these past 2 years. As a token of gratitude,…
Read moreJapan Exchange Group has reported 11% drop in the quarterly net income Q1 FY2017 last week. The trading overview for July, 2016, however, looks promising since the daily average trading value for the TSE 1st Section (domestic common stocks) has reached JPY 2.6645 trillion - a high since February 2016. More on Cash Equity Market: In…
Read moreMetaQuotes Software and oneZero Financial Systems have announced a new connectivity gateway for integration with Interactive Brokers Group, Inc., available through the oneZero Hub product. The gateway provides the possibility to trade stocks, futures and other exchange traded instruments on the largest global exchanges, including the New York Stock Exchange (NYSE), London Stock Exchange (LSE),…
Read moreThe Australian Securities Exchange Ltd, (ASX) has announced that the ASX Board has appointed Mr Dominic Stevens as its Managing Director and CEO. He takes up his new role today. Since the resignation of former CEO Mr Elmer Funke Kupper, this appointment has been following a comprehensive selection process undertaken by the ASX Board with…
Read moreEBS BrokerTec, ICAP Plc’s (LON: IAP)’s electronic fixed income and foreign exchange (FX) business, has announced that it has hired senior fixed income professional, Nicole Shumpert from Tradeweb, to bolster its BrokerTec Direct team. BrokerTec Direct is a new service which provides relationship-based, disclosed liquidity to the fixed income market. The service leverages the EBS Direct…
Read moreSingapore Exchange (SGX) iron ore derivative volumes totaled 118.8 mil mt in July, while open interest averaged 186.7 mil mt during the month. The suite of ferrous products has provided market participants with a wide range of trading strategies and risk management solutions. 62% Fe spot iron ore averaged $56.61 per tonne in July, up…
Read moreIn response to decreased trading volume in the US market, online trading services provider Monex Group, Inc. (TYO:8698) has reduced 40 headcounts in April 2016 and more than 60 headcounts on July 27, 2016. The company has also launched the TradeStation trading platform in Japan in March 2016. First-ever functions in Japan have been well received…
Read moreContinuing a trend of what we believe will be volume declines at many of the leading retail and institutional FX platforms this month, the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS) has reported that volumes averaged $26.2 billion per day in July - down 9% from June's $28.8 billion ADV. We'd note in making the comparison,…
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