Multi-asset investment and trading services provider Saxo Bank is about to change the name of its Japanese business. As of Monday, February 1, 2016, the name of the Japanese company will change from Saxo Bank FX Securities K.K. to Saxo Bank Securities K.K. The old name will be in use until the end of April this…
Read moreMonex Group, Inc. (TYO:8698), the online trading services provider with operations in the US, Japan and China, has earlier today posted its detailed financial report for the third quarter of the fiscal year to March 31, 2016. The final results confirm LeapRate's earlier report showing that the Group registered a net loss in the three months…
Read moreThrough the MoU, the CFTC and the BaFin and Bundesbank express their willingness to cooperate in the interest of fulfilling their respective regulatory mandates with respect to cross-border clearing organizations. The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad signed a Memorandum of Understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht…
Read moreRetail forex broker Markets.com, a unit of Playtech PLC (LON:PTEC), will be raising margin requirements from 5% to 10% for CFDs on certain US-traded stocks during the current Q4 earnings reporting season. Shares of even very liquid, well-traded equities tend to be more volatile leading up to an earnings announcement - especially year-end results, when 'surprise'…
Read moreThe UK Serious Fraud Office (SFO) today provided an update regarding its criminal investigation into the manipulation of LIBOR. A jury at Southwark Crown Court today found five individuals not guilty of conspiracy to defraud via the alleged manipulation of LIBOR. Colin John Goodman, Danny Martin Wilkinson, Terry John Farr, James Andrew Gilmour and Noel…
Read moreFrance's financial markets regulator AMF has just published the results of a survey conducted by the CSA institute, with the findings showing increased interest into Forex and binary options, as well as a decent percentage of investors becoming targets and victims of fraudulent investment schemes. The pool of respondents includes 1,003 French residents, of at…
Read moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) today welcomed two new members to its Competitive Markets Advisory Council (CMAC). The new members are Lars Hansen, David Rockefeller Distinguished Service Professor of Economics at the University of Chicago and 2013 recipient of the Nobel Prize in Economics; and Randall Kroszner, former member of the Board of…
Read moreThinkLiquidity today announced it has become a registered service provider with CME Group (NASDAQ: CME) to offer transaction reporting for brokers licensed under the Australian Securities Investments Commission (ASIC) to the CME Group ASIC licensed Australian Trade Repository (ATR). ASIC Derivative Transaction Rules apply to all reporting entities if they are in scope, which includes licensed brokers.…
Read moreWe said that this was coming. Following a wave of reviews of some of the largest Cyprus-based regulated forex and binary options brokers undertaken by financial regulator CySEC over the past few months, we reported in late November on a number of fairly large (by Cyprus standards) > €100,000 fines and settlements issued to a…
Read moreMubasher Financial Services (MFS), one of the Middle East's leading brokerage service providers for professional investors announced today the launch of the new trading platform, MTrade-Plus. A new addition to Mubasher Financial Services product offerings, MTrade-Plus provides a solid and efficient platform aimed to support retail and institutional investors. MTrade-Plus is a touch-optimized, multi-functional platform that applies creative…
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