ASX has today published a consultation paper on proposed changes to its requirements for admission to the ASX official list. The key proposals include: Increasing the financial thresholds for listing – lifting the “assets test” thresholds from net tangible assets of $3 million or a market capitalisation of $10 million to an NTA of $5…
Read moreNordea Markets part of Nordea Bank AB (STO:NDA-SEK), the biggest bank in the Nordic and Baltic Sea regions today announced a new Forex offering through its trading platform Markets Nexus. The bank stated the new FX offering was created in collaboration with customers and is specifically designed to support daily business and work flows. e-Markets Nexus now includes…
Read moreMarch data from just released CFTC reports filed May 2nd revealed that in total Forex brokers within the United States for March remained above the $500 million handle at $510,714,141 from the $518,945,514 reported in February, for a 1.6% dip. Though showing setback MoM, the lowest asset total on record occurred a few months ago when $499,339,084 was reported in January. (see graphs…
Read moreBloomberg announced today the successful completion of an independent assessment confirming the alignment of the BFIX family of benchmarks with the International Organization of Securities Commissions’ (IOSCO) principles for financial benchmarks. The assessment was conducted by Ernst & Young LLP (EY). The BFIX family of benchmarks covers spot, forward and non-deliverable forward rates for a…
Read moreAdvanced Markets clients offering trading from Mainland China can now benefit from improved connectivity and faster order routing.
Read moreInternational derivatives broker Sucden Financial today announced that Michael Davies has been promoted to Head of eFX Sales EMEA following a period of significant growth at the London-based prime of prime brokerage. Davies joined Sucden Financial as an analyst over a decade ago back in 2004 before moving into its eFX business in 2011. He…
Read moreFCA regulated online trading leader IG Group Holdings plc (LON:IGG) has announced the appointment of Hazel Cruickshanks as Head of Tax. Hazel will be responsible for IG’s tax affairs across the world and will report into the Head of Finance. Hazel has extensive experience in senior tax roles at BP plc and Wood Group plc.…
Read moreThe Central Bank of Ireland today published findings of a research concerning complaints handling within regulated financial services firms. The study was commissioned by the regulator to PwC and was conducted online with a panel of more than 1,000 consumers. The surveys were completed in November 2015, with additional works with focus group conducted in…
Read moreBitcoin and digital exchange operator Kraken has announced that it became the first and only exchange to offer clients Ether (ETH) Dark Pool trading. The Ether Dark Pool allows clients to discreetly place large ether orders without exposing their intentions to the public, lit order book. The introduction of Kraken’s Ether Dark Pool comes in…
Read moreMultibank FX aggregation service FXSpotStream might have surprised some folks today when they - for the first time - announced the FX trading volumes supported on their system, as well as the size of those volumes. First off, the data. FXSpotStream reported that April volumes on its system averaged $18 billion (single count) daily, 2%…
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