July 18, 2016 BY Valentina Kirilova

DFM enrols Union Brokerage Company to margin trading members

Middle Eastern regional securities market Dubai Financial Market (DFM), which is governed and regulated by the UAE Securities and Commodities Authority (SCA), has announced that “Union Brokerage Company” has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service to 33 companies. Margin Trading permits brokerage companies to fund…

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July 18, 2016 BY Valentina Kirilova

Bank of America reports second-quarter earnings

Bank of America Merrill Lynch just reported second-quarter earnings. The firm reported earnings per share of $0.36 on revenues of $20.6 billion. Analysts were expecting adjusted earnings per share of $0.33 on revenue of $20.4 billion, according to Bloomberg. Non-interest income was reported $11.2 billion, non-interest expense declined $465 million.   Brian Moynihan, CEO, commented:…

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July 18, 2016 BY Mike Fox

Match-Trade launches a comprehensive MT4 risk management solution

Match-Trade Technologies LLC, headquartered in Irvine, California, is pleased to announce the launch of a completely new web-based Match-Trade MT4 RMS, a risk management solution which will allow FX brokers to analyze and control various trading and business risks. Match-Trade MT4 RMS is an FX Broker Analytics Platform that manages critical trading risk exposures from…

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July 18, 2016 BY Valentina Kirilova

Russia’s self regulatory association CRFIN rebrands as NAFD

The CRFIN has announced its new association name, the National Association of Forex dealers (NAFD), during the General Meeting of the Association Members held on Friday. The association has also shared that Andrei Yurevich Lisitsyn will be the head of NAFD. The General Meeting of the Association has also decided to form a NAFD Board…

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July 18, 2016 BY Mike Fox

Azerbaijan a booming market for Saxo Bank as clients grow by 30%

Saxo Bank, a leading globally regulated brokerage specializing in online trading and investments, has published data about investors from Azerbaijan to the local media in the country. According to Saxo Bank, the number of investors from Azerbaijan on social trading portal TradingFloor.com has increased by 30% over the past two years. Most of the investors belong…

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July 18, 2016 BY Valentina Kirilova

ADS Securities announces executive management changes

The financial services company, ADS Securities, has announced three executive appointments for both its corporate headquarters and London office. Marco Baggioli, currently Chief Operating Officer of ADS Securities London Limited, is appointed Executive Managing Director- Global Head of Brokerage; and Paul Webb, Senior Director & Chief Dealer, is named Deputy CEO and Head of Retail (Europe) at…

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July 18, 2016 BY Mike Fox

Jim Iorio appointed as EBS BrokerTec Global Head of Sales

EBS BrokerTec, ICAP Plc's (LON: IAP) market-leading electronic foreign exchange (FX) and fixed income business, announced today that Jim Iorio has joined the company as Global Head of Sales and will sit on EBS BrokerTec’s Executive Management Committee. Based in New York, Jim will be responsible for all sales across both the EBS and BrokerTec…

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