After a very robust December, GMO Click Holdings Inc (TYO:7177), the parent company of Japanese online trading giant GMO Click Securities, has just reported a set of solid financial metrics for the first nine months of fiscal year 2016. The company said the profit attributable to shareholders reached JPY 4.99 billion ($42.75 million) in the…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today announced that it has issued a Cyprus Investment Firm (CIF) license to Daweda Exchange Ltd. The license was issued on January 11, 2016 and is the first CIF permission granted by the Cypriot financial watchdog for 2016. Worth noting is that the license has yet to be…
Read moreRetail Forex broker Alpari Limited on Tuesday announced further enhancements to its PAMM account service. The latest enhancement is a Position Auto-Corrector, a functionality that will be particularly useful for PAMM Account Managers. The new feature will enable managers to set up automatic correction of the volume of open positions and pending orders on accounts…
Read moreThe events from January 15, 2015 keep plaguing the investment landscape, including actions and forecasts of regulatory bodies. The latest example in this respect is provided by the Financial Services Compensation Scheme (FSCS), the UK’s statutory compensation scheme for customers of authorised financial services firms. The failure of several investment firms last year, following “Black…
Read moreSaxoSelect investment portfolios consisting of BlackRock exchange traded funds (ETFs) to launch in selected European markets, starting with Denmark, Finland, Italy, Norway, Netherlands and Sweden in Q1 2016. Saxo Bank today announces the launch of the first large-scale, truly digital, investment solution for retail investors built with iShares® ETFs by BlackRock, Inc. (NYSE:BLK). The new SaxoSelect is a…
Read moreInteractive Brokers Group, Inc. (NASDAQ:IBKR) on Tuesday reported its financial and operating metrics for the full 2015, with the Swiss franc spike taking its toll on the results of the Electronic Brokerage segment. The company, which is one of the key participants in the US Forex market, said on January 15, 2015, due to the…
Read moreThe Ontario Securities Commission (OSC) has just updated its Warning List, which contains the names of individuals and companies which are engaging in activities that may pose a risk to investors. The latest addition to the Warning List is Prosper Trade FX, operating from prospertradefx.com. According to the OSC, Prosper Trade FX is not registered in Ontario,…
Read moreThe Securities and Exchange Commission today announced that a Denver-based alternative fund manager has agreed to settle charges that the firm overcharged management fees and misled investors about how it valued certain assets. An SEC investigation found that Equinox Fund Management LLC calculated management fees contrary to the method described in registration statements for a…
Read moreCME Group Inc (NASDAQ:CME), the world's leading and most diverse derivatives marketplace, today announced the launch of six new West Texas Intermediate (WTI) Houston (Argus) Crude Oil futures contracts. These new cash-settled futures will be available for trading on CME Globex and for submission for clearing via CME ClearPort effective Feb. 8, 2016, pending all…
Read moreGlobal bitcoin exchange Kraken today announced that they are acquiring major exchanges Coinsetter and Cavirtex. NYC-based Coinsetter, founded in 2012, is one of America’s most prominent national bitcoin exchanges, and Cavirtex, founded in 2011, is Canada’s first bitcoin exchange with unmatched historical trading volume in the country. With these two acquisitions, Kraken sets the stage for an…
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