XTX Markets today announced that Chan Wai Kin has joined the firm’s sales team as Head of Sales for Asia. He was formerly Head of FICC eCommerce (APAC) at Morgan Stanley and previous to that, led the eFX sales team within the APAC (ex-Japan) region at Deutsche Bank. Jeremy Smart, Global Head of Sales at…
Read moreThe following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. [divide] FXPRIMUS Indicators and events for week beginning July 18: ECB meeting, preliminary July PMIs The week starts off slow, with little on the schedule today. But things gradually pick up with a few but important indicators, and by…
Read moreIG Group Holdings plc (LON:IGG) has announced results for the year ended 31 May 2016. While Revenues and Profits were up nicely in the second half of Fiscal 2016, Revenues in Q4 (£119M) did take a small dip from what was a very busy and record Q3 at IG (£122M). Profits in the second half…
Read moreBGC Partners, Inc. (NASDAQ: BGCP) a leading global brokerage company servicing the financial and real estate markets, today announced that it has entered into an agreement to acquire the businesses of Sunrise Brokers Group, an independent financial brokerage with a leading reputation in worldwide equity derivatives. Details of the transaction were not disclosed, and completion of…
Read moreAustralia financial regulator ASIC has exercised its wind up powers appointing liquidators to 13 abandoned companies to assist employees gain access to the Fair Entitlements Guarantee (FEG) scheme. The appointment of liquidators also facilitates a full and proper investigation into the reasons why the companies failed and allows recovery of any voidable or unreasonable director-related…
Read moreHong 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 moreJapan Exchange Group (JPX) and Nasdaq have officially announced that JPX has gone live with their new next-generation derivatives trading system for the JPX subsidiary, Osaka Exchange. This is a milestone in the relationship between Nasdaq and JPX, who have been working together since 2011. “We are proud to be supporting JPX as they successfully launch their new…
Read moreThe 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,…
Read moreSecurities 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…
Read moreBrexit worries? Turkey coup concerns? Not in the equity markets. And not at online trading leader IG Group. Shares of the London-based IG Group Holdings plc (LON:IGG) continued their move upward to hit a 52 week and all-time high on Monday, closing the day at £8.45. Intraday, IG shares hit an all-time high of £8.48.…
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