UK stocks oscillated on Thursday, as investors wait to hear if the Bank of England (BoE) has decided to cut its key interest rate for the first time in 7 years in the aftermath of the Brexit vote. The FTSE 100 turned lower by 3 points to 6,631.15 after a slightly higher open. Financial, oil…
Read moreThe quarterly financial reports of retail forex broker FXCM Inc (NYSE:FXCM) have been increasingly difficult to decipher. On paper, FXCM just reported a $60.5 million net profit for Q2 on revenues of $70.6 million. Which looks great. However a number of accounting charges mask what is really going on. The highlights from our standpoint are: Revenues…
Read moreTesla Motors, Inc. (NASDAQ: TSLA) has reported a Q2 loss, way greater than analysts had forecast, as well as revenues that fell short of expectations. The electric-car maker's reported a second-quarter adjusted loss of $1.06 per share on $1.56 billion in sales. That's more than double the loss analysts, on average, were expecting. “How do…
Read moreFinancial exchanges operator Bats Global Markets Inc (BATS:BATS) has reported net income of $18 million and adjusted earnings of $34 million for the second quarter ended June 30, 2016. While net income decreased from $20 million from a year ago due primarily to a pretax $18 million debt refinancing charge in the latest period, adjusted earnings…
Read moreTMX Group Limited (TSX:X) has announced results for the second quarter ended June 30, 2016. Some of the highlights include: • Record quarterly revenue of $194.6 million in Q2/16 up 9% from $178.7 million in Q2/15 • Record quarterly diluted earnings per share of $1.07 in Q2/16 compared with earnings per share of 51 cents…
Read moreLeapRate Exclusive... LeapRate has learned that longtime AxiTrader executive Dean Hyde has left the company, and is getting set to launch a new Retail Forex brand called (uniquely) Blueberry Markets. Hyde had been with AxiTrader, Australia's largest Retail Forex broker, for nearly six years, starting as a Sales Trader and steadily working his way up…
Read moreENSO Financial Analytics (ENSO), a portfolio finance and treasury solution for hedge funds, has partnered with EBS Treasury, ICAP owned and established Money Market Fund (MMF) platform for the corporate community, to provide cash and collateral movement workflows to ENSO clients. EBS Treasury is powered via Swift Messaging, and by connecting the two platforms, ENSO…
Read moreLondon Stock Exchange Group Plc (LON:LSE) has announced its interim quarterly results ended June 30, 2016. Here are some of the highlights: • Continued good financial performance with growth across all core business areas - in particular, in Information Services, including strong results at FTSE Russell, in Capital Markets and at LCH • Revenue up…
Read moreIt’s been not more than a week since Coinbase posted that it does not provide support for Ethereum Classic (ETC), and customers have already been expressing an interest in recovering ETC that may be associated with their Coinbase transactions. Therefore, Coinbase has announced that its customers will be credited the full amount of ETC associated…
Read moreINTL FCStone Inc. (NASDAQ:INTL), a financial services organization delivering financial products, advisory and execution services, has announced its financial results for the fiscal year 2016 third quarter ended June 30, 2016. Compared to last year, the net income is up with 20% to $14.6 million. Diluted EPS are also up 26%. Annualized Return of Equity…
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