Hong Kong financial startup 8 Securities announced today that customers can trade over 15,000 US, HK and China H shares and index funds for $0 commission. "Our technology has reduced our cost to execute a trade to almost $0 so we are simply passing that savings on to our customers," said Mikaal Abdulla, CEO of…
Read moreFailures to implement adequate anti-money laundering (AML) and social responsibility (SR) controls regarding a VIP customer, who stole money to fund his gambling, have cost Gala Coral £846,664 ($1.24 million). The UK Gambling Commission today posted a public statement regarding the case, saying there are lessons to be learned from it. Law enforcement agents notified…
Read moreUllink, the global provider of electronic trading and connectivity services, now provides direct connectivity to trueEX, a leading interest rate swap execution facility (SEF). Ullink’s multiprotocol connectivity platform UL Bridge will provide its clients with real-time access and efficient onboarding to the trueEX platform. trueEX is one the fastest growing SEFs, supporting 18 currencies, made…
Read moreMoscow Exchange (MOEX), or Moskovskaya Birzha MMVB-RTS PAO(MCX:MOEX), the biggest Russian venue for trading FX, derivatives and stocks, held its Annual General Meeting of Shareholders (AGM) earlier today. Shareholders approved the company's annual report, financial statements and distribution of profit, including dividends for 2015. In tune with a recommendation by the Supervisory Board, shareholders voted…
Read moreBGC Partners, Inc. (NASDAQ:BGCP), a brokerage company servicing the financial and real estate markets, has just published its financial report for the first three months of 2016, with Forex revenues staging a decent rise from the final quarter of 2015 and from the first quarter of 2016. The company said its Forex revenues for the first…
Read moreThe UK Competition and Markets Authority (CMA) today announces its decision that the merger of Intercontinental Exchange Inc (NYSE:ICE) and Trayport has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. As a result, the merger will be referred for a phase 2…
Read moreDeutsche Boerse AG (ETR:DB1) today announces the opening of its FinTech hub in Frankfurt, making it one of the first major companies of the region to throw their weight behind the Hessian State Government's efforts to establish a FinTech cluster in Frankfurt. Four start-ups will be relocating into their new Frankfurt offices in the next…
Read moreJohn Hardy, Head of FX Strategy at Saxo Bank, takes a look at today's steep drop in the Australian Dollar and the day's other key events and indicators. More of John's research can be seen at Saxo Bank's TradingFloor.com. [divide] The Aussie was ripped for steep losses overnight on a weak CPI print that gapped…
Read moreJapan's Financial Services Agency (FSA) announces today the establishment of a dedicated “Panel of Experts on FinTech Start-ups”. In its announcement, the securities regulator notes that advanced FinTech start-ups and venture capitalists have not necessarily emerged in Japan when compared with the situation in other advanced economies. The FSA adds that in order to promote…
Read moreClients of retail Forex broker FXPRIMUS enjoyed a meeting with their Manchester City FC Heroes. The event is a part of FXPRIMUS' MCFC Heroes campaign unveiled in March this year. The meeting took place on the Etihad Campus at the Indoor Training Facilities, on April 21, 2016. Winners of the Meet Your Heroes competition plus their…
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