A new study has found that UK banks charge small and medium sized enterprises (SMEs) nearly £4bn in hidden transfer fees each year to make international payments. 96% of these fees are hidden from the customer using the exchange rate offered. This is the first time that a study into the actual rates charged by…
Read moreMiddle Eastern regional securities market Dubai Financial Market (DFM) which is governed and regulated by the UAE Securities and Commodities Authority (SCA) this week announced that “International Financial Brokerage” has been accredited to provide margin trading services, lifting the total number of DFM brokerage firms providing this service to 32 companies. The total value of margin…
Read moreRetail Forex broker EXNESS, staying true to its transparency commitment, has published key operating metrics for December 2015, with Forex volumes and trading account numbers staging increases from November 2015 levels. In the face of what the majority of the FX industry has displayed thus far when it comes to performance during the last month…
Read moreDeutsche Boerse AG (ETR:DB1) on Monday announced that Dr Matthias Fritton, a former speech writer for German Chancellor Helmut Kohl, will become its Senior General Manager, effective March 1, 2016. In his new role, Mr Fritton will be responsible for the Corporate Communications, Marketing and Public Affairs area of the exchange group. Mr Fritton will…
Read moreApple Inc. registers apple.forex domain. Is something big being planned?
Read moreTriOptima, the post trade infrastructure solution from ICAP plc (LON:IAP), announced today the launch of its latest post trade service, triResolve Margin, a web-based, end-to-end margin processing solution delivered in collaboration with AcadiaSoft. triResolve Margin assists market participants in meeting the challenges posed by the new regulatory requirements for margining uncleared OTC derivatives by automating the…
Read moreThe European Securities and Markets Authority (ESMA) on Monday said it had issued a negative opinion on a proposed extension of the emergency short selling prohibition, regarding Attica Bank S.A. (ISIN GRS001003011), proposed by the Hellenic Capital Market Commission (HCMC). The HCMC had proposed extending the prohibition on short sales in any shares of Attica Bank…
Read moreAfter last year's acquisitions of Prelytix, ActivateClients and Affinity Systems, provider of software and consulting services First Derivatives plc (LON:FDP) today announced one more acquisition – that of QuantumKDB (UK) Limited. FD said that it has acquired the entire issued share capital of Quantum for total consideration of up to £2.2 million, including initial consideration of…
Read moreAfter unveiling an expansion to its base metals offering in November 2015, international derivatives marketplace CME Group Inc (NASDAQ:CME) on Monday announced that the first Aluminum Japan Premium (Platts) futures contracts were traded on January 8, 2016. A total of 622 futures contracts were traded. The Aluminum Japan Premium (Platts) futures contract is 25 metric tonnes…
Read moreBank of China (Hong Kong), a major regional bank in Hong Kong, has selected provider of liquidity management systems smartTrade Technologies to deliver a low latency e-FX platform. Over the past several years, along with the growth of its e-FX business, Bank of China (Hong Kong) has been looking for a more scalable next generation…
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