Israeli advertising software developer Adgorithms Ltd (LON:ADGO), which had its public listing on AIM in June this year, today provided a trading update for the fourth quarter of 2015. In tune with a previous downbeat forecast for full-year earnings, the company today said that EBITDA margin in the final quarter of the year will be…
Read moreThe Financial Services and Markets Authority (FSMA) of Belgium on Wednesday updated its list of unauthorized investment businesses by issuing 12 more warnings to the public against the activities of various "boiler rooms". The Belgian regulator defines “boiler room” as a type of fraud that involves contacting customers often by telephone, offering to sell them…
Read moreAustralia's financial regulator ASIC has noted that IronFX, whose Australian subsidiary is licensed and regulated by ASIC, has been asked to correct disclosure about Australian regulation and counterparty arrangements. Following concerns raised by ASIC, IronFX's Australia sub IronFX Global Australia Pty Ltd has taken steps to remove references from the parent company's (IronFX Cyprus) website, and…
Read moreWorld leading provider of managed services for high-precision, high-speed, high-performance applications Perseus and RTM, the main technology provider in Brazil's financial industry announced the expansion of their existing relationship, bringing all RTM services onto the Perseus backbone, enabling service scalability across the globe. The network interconnection virtually connects all Brazilian financial market participants to the world’s largest…
Read moreWell, they finally did it. In one of the most anticipated rate changes in recent memory - although the first in an upward direction since 2006 - the US Fed (or more precisely, the FOMC) announced a 25 basis point rate hike in its target funds rate. The Fed's new target range will go from 0-0.25%…
Read moreWorldWideMarkets Online Trading, Ltd, a UK FCA regulated Forex and CFD broker has announced that Amro Zakaria joined the firm as President of the Middle East & Africa (MEA). Mr. Zakaria has been in the financial industry in the MEA region since 2002 when he started working with industry stakeholders, such as banks, exchanges, and family offices,…
Read moreCybersecurity has been in the focus of US financial regulators over the past several months. In October this year, the National Futures Association (NFA) unveiled new cybersecurity rules for its members, including Forex brokers, and in November, the New York State Department of Financial Services (NYDFS) sent an official letter to Financial and Banking Information Infrastructure Committee…
Read moreThe UK Competition and Markets Authority (CMA) today announced an invitation to comment on the proposed merger of gaming and betting provider Ladbrokes PLC (LON:LAD) and certain businesses of Gala Coral Group Limited, including Coral Retail, Eurobet Retail and Gala Coral’s online businesses. As usual, the CMA is considering whether this transaction will result in the…
Read moreThomson Reuters announced today it has launched FX Monitor in Eikon Messenger to better serve its growing community of corporate users. Treasury departments at most major corporations are spread across multiple locations and time zones, as are their banking and financial intermediaries. While most non-financial corporates are not regular or high-volume FX traders, they still require quick…
Read moreMultibank FX aggregation service FXSpotStream has announced that Bank of Tokyo-Mitsubishi UFJ is now live as a liquidity providing bank to FXSpotStream’s price aggregation service. We had earlier reported that FXSpotStream had signed up Bank of Tokyo-Mitsubishi UFJ as its 12th liquidity provider back in October. Bank of Tokyo-Mitsubishi UFJ (or BTMU) is the 12th bank…
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