Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read moreThe payment network for cross-border transactions Earthport plc (LON:EPO) has announced that its subsidiary, Baydonhill has re-launched as EarthportFX. EarthportFX will offer clients direct access to FX and payment services utilised by global banks and ecommerce businesses. The EarthportFX brand combines Baydonhill’s extensive currency expertise with Earthport’s industry-leading global network and payments technology. In a market…
Read moreAnyoption analyst Brett Chatz takes an interesting look at the very volatile GBPUSD 'Cable' trade, and what traders need to look for this week. For more of Brett’s research see the Anyoption blog. [divide] The sterling is poised to break through the critical support level of 1.30 this week…. It has been a tumultuous time…
Read moreDeutsche Börse AG and Hale Global have entered into an agreement regarding the sale of Market News International, Inc. (MNI), a leading provider of macroeconomic and markets intelligence for global fixed income and foreign exchange market professionals. Details of the deal are subject to a confidentiality agreement. By divesting its news business, Deutsche Börse further…
Read moreContinuing the healthy-June-FX-volumes trend we have seen from a number of both retail and institutional eFX platforms, interdealer broker ICAP plc (LON:IAP) has reported that Forex volumes at its EBS subsidiary were up 29% MoM from May to average $97.4 billion per day in June. We'd note that May volumes at EBS were their lowest in…
Read moreSterling sinks to new depths on Brexit anxiety, dropping to new 31 year lows around the 1.2800 level against the US dollar and even lower against the yen and the euro. The combination of some Brexit effects already starting to become definite and this week’s slowdown in recent economic data may seem a bit like…
Read moreFinancial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has announced it has completed its acquisition of the North American Customer Communications (NACC) business of DST Systems, Inc. (NSYE: DST) for $410 million in cash, subject to post-closing adjustments. The NACC business will be renamed Broadridge Customer Communications and integrated into Broadridge’s Investor Communication Solutions segment.…
Read moreMore good news for UK online broker London Capital Group Holdings plc (LON:LCG). After reporting in June that it had a strong start to 2016 and would be rid of all its debt as part of a £10 million capital injection and recapitalization of the company, LCG reported in a regulatory filing to the London Stock…
Read moreASIC has warned of a dramatic increase in the extent of unlicensed conduct by retail OTC derivative providers seeking to expand their market with new customers for their complex and risky products such as binary options. ASIC has raised its concerns with more than 40 unlicensed providers. The majority are binary option issuers but also…
Read moreGarcia was also sentenced to 78 months in prison for his Ponzi scheme activities.
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