July 19, 2016 BY Mike Fox

Kenya's financial regulator to bring Forex broker regulation home

The African country of Kenya's financial regulator Capital Markets Authority (CMA) today has published draft 'Capital Markets Licensing Requirements' for 'Online Forex Brokers and Conduct of Online Forex Business Regulations 2016' to provide the requisite regulatory framework to safeguard effective and secure online forex trading in Kenya. A couple of years ago we reported on LeapRate,…

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July 19, 2016 BY Mike Fox

Canadian securities regulators recognize three trade repositories

Securities regulators in Alberta, British Columbia, New Brunswick, Nova Scotia and Saskatchewan (the approving jurisdictions) today announced the approval of recognition orders for three derivatives trade repositories: the Chicago Mercantile Exchange Inc., DTCC Data Repository (U.S.) LLC and ICE Trade Vault, LLC.  Securities regulators in Newfoundland and Labrador, Nunavut, Northwest Territories, Prince Edward Island and…

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July 18, 2016 BY Valentina Kirilova

CSA publishes results of continuous disclosure reviews for fiscal 2016

After publishing its Consultation Paper 95-401 few weeks ago, the Canadian Securities Administrators (CSA) has published Staff Notice 51-346 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2016, which summarizes the results of the CSA’s continuous disclosure (CD) review program, highlights common deficiencies and illustrates best practices for reporting issuers. Overall, 62%…

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July 18, 2016 BY Valentina Kirilova

CLS and Quandl agree to distribute aggregated FX trade data

FX settlement services provider CLS Group (CLS) and data platform for economic and financial data Quandl have made standardized and aggregated FX trade reports available via subscription. This new offering allows CLS to distribute its unique set of executed trade data to the broader market in a standardized and easy-to-use manner via Quandl. Data will…

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July 18, 2016 BY Valentina Kirilova

Boris Johnson convinced that the UK is not “leaving Europe”

Britain’s Foreign Secretary Boris Johnson claims he would assure his EU counterparts that Britain would continue to cooperate with them once it leaves the bloc, as reported on last month’s referendum. Boris Johnson commented on arrival at the EU foreign ministers meeting in Brussels: The message I'll be taking to our friends in the council…

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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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