FX settlement system CLS Group (CLS) has announced that Wells Fargo & Co (NYSE:WFC) has joined as a settlement member. Wells Fargo joins 64 other settlement member banks in becoming a direct participant in CLS’s settlement and risk mitigation system – which settles approximately $5 trillion a day on behalf of its clients. Wells Fargo will benefit…
Read moreFCA regulated retail forex broker ICM Capital has announced that clients can now fund their account with Polish Zloty (PLN) via bank transfer to trade Forex, Commodities and CFDs in a PLN denominated MetaTrader 4 trading account. The active Polish market has led the broker to expand on the amount of currencies it currently offers,…
Read moreFinally, you won't ever have to tweet unsatisfying GIFs that end too soon. The social network has upped its GIF size limit to 15MB, three times larger the 5MB limit that it used to be. This news could open up all kinds of new possibilities for situations when plain text just doesn't cut it. You’re…
Read moreChris Beauchamp, Head of Market Analysis at IG Group Holdings plc (LON:IGG), and Josh Mahony, Market Analyst, give their outlook for global markets as we head into the second half of 2016 in a very interesting and uncertain post-Brexit market environment. More of IG's market research can be seen here. [divide] The UK’s decision to leave the EU…
Read moreDeutsche Börse has announced today that two new equity index ETFs issued by Amundi have been tradable on Xetra and Börse Frankfurt since Tuesday. Here are the ETFs details: • Name: Amundi ETF MSCI Europe Quality Factor UCITS ETF Asset class: equity index ETF ISIN: FR0013140522 Total expense ratio: 0.23 percent Distribution policy: accumulating Benchmark:…
Read moreBMW plans to connect cars with other IoT devices, such as an owner’s house and heating system. Currently, all new BMW cars are equipped with the SIM card-based Connected Drive technology which enables remote software updates and future connectivity to other smart devices. Andrew Furse, product manager at BMW UK commented: “All UK cars have a…
Read moreDiane Greene confirmed that when companies ask Google to join in the bidding process for cloud computing contacts, Google is practically always the winner. We can actually win an RFP pretty much every time against AWS or Azure. Our growth is great. We have the best infrastructure, our own network backbone, our own fiber, a…
Read moreThe City has always been a ‘thriver’, as times change, it relishes uncertainty, turmoil, and dissention.
Read moreIn response to ASIC's concerns about its compliance with Australian financial services laws, Optus Insurance Services Pty Ltd will refund approximately $2.4 million (including interest) to around 175,000 Optus mobile customers and will write to around 500,000 customers who may be affected. Optus has admitted it failed to provide some customers with a product disclosure…
Read moreGoing against a trend we have seen from most retail and institutional eFX trading venues, June Retail Forex volumes at FXCM Inc (NYSE:FXCM) were down 2% MoM at $275 billion. Brexit-driven volatility in the currency markets drove trading volumes higher in virtually every FX broker and institutional platform which reported so far for June, but not FXCM.…
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