iSignthis Ltd (ASX: ISX) is announcing today that it has signed into an agreement with online forex and CFD brokerage XM.com. iSignthis will integrate with XM.com to deliver its new enhanced digital KYC service. The iSignthis service will provide XM.com with user friendly and automated customer onboarding. The service will enable XM.com to meet the…
Read moreThe Corporate Governance Center of the Taiwan Stock Exchange (TWSE), directed by the Financial Supervisory Commission (the FSC), in conjunction with the Taiwan Depository Clearing Corp., the Securities Investment Trust & Consulting Association, and the Taiwan Financial Services Roundtable collectively, launched the “Stewardship Principles for Institutional Investors” on 30 June. Institutional investors, including pension funds, insurance companies and investment trusts, are playing an increasingly…
Read moreChina puts into action requirements for foreign firms to settle foreign exchange forward yuan positions in the onshore market, the country's foreign exchange trading platform, operated by the central bank, said in a statement on Wednesday. Foreign firms will need to set aside 20% of the previous month's yuan forwards settlement amount as foreign exchange…
Read moreToday Swiss based FINMA and EU regulated brokerage house Dukascopy has amended certains CFD contract trading conditions. The amendments include index and Binary options CFDs. Firstly, maximum exposure limits on GBP and EUR based indices were increased today at 15:00 GMT, 06 July 2016 as follows: GBP/IDX - 30 contracts DEU.IDX/EUR -50 contracts ESP.IDX/EUR -50 contracts EUS.IDX/EUR…
Read moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) has announced the promotion of Young-Jin Chang to the role of Global Head of Metals Products. Reporting to Derek Sammann, Senior Managing Director, Global Head of Commodities & Options Products, Chang will be responsible for the strategic development, management and profitability of the global product suite, including both precious…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Barclays Bank PLC, a unit of Barclays PLC (LON:BARC), for failing to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4,…
Read moreNon-profit organization the Internet Watch Foundation (IWF) has teamed up with blockchain start-up Elliptic to combat the use of bitcoin to buy child sex abuse images online. Bitcoin is a cryptocurrency, which due to the anonymity it affords buyers, is often used for online unlawful purchases – anything from illegal drugs to child pornography. Elliptic…
Read moreCME Group (CME) is set to use the official Moscow Exchange (MOEX) reference rate for Russian ruble contracts come Sunday July 17th. Since 1998 after spot auction currency trading at the Moscow Interbank Currency Exchange (MICEX) was suspended, the Chicago Mercantile Exchange and EMTA (Emerging Market Traders Association) began publishing a Ruble/Dollar exchange rate. CME and EMTA established…
Read moreThe Financial Conduct Authority has extended Sue Lewis Chair of the Financial Services Consumer Panel for a further two and a half years, from 1 July. Most recently in the past, Sue Lewis was Head of Savings and Investments at the Treasury, with responsibility for advising Ministers across a broad range of retail financial services…
Read moreMany forex brokers have raised minimum margin requirements allowing less leverage in client trading leading up to the Brexit vote. So did Saxo Bank. Now, few weeks later after Saxo Bank, as of 14:00 BST on 6 July 2016, reinstates default margin rates, given that market conditions have stabilised after the uncertainty posed by the UK's referendum…
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