Bank of America, National Association (BANA), a unit of Bank of America Corp (NYSE:BAC) is set to join Moscow Exchange’s FX Market as a clearing firm. BANA is in the process of finalizing necessary documentation and will begin active trading in January 2016. It will trade via Merrill Lynch Securities, which is a current trading…
Read moreCNBC analysts were discussing yesterday another disappointing a year for the FX carry trade. In the case 2015, the currency carry trade, which attempts to profit from global differences among interest rates, saw its worst year since the 2008 financial crisis, according to Deutsche Bank. In 2015, traditional carry trades got hit, as higher interest rate…
Read moreNational Mercantile Exchange, part of Moscow Exchange Group, launched on-exchange trading in grain today December 23rd, 2015. NCC Clearing Bank will act as the central counter-party. National Logistic Company will act as logistics provider, alongside surveyor companies. Accredited elevators will provide grain storage solutions. The Exchange currently offers deliverable wheat forwards with minimum lot size…
Read morePlaytech PLC (LON:PTEC) has just announced that John Jackson will join its Board of Directors, effective January 1, 2016. Mr. Jackson will sit on the Board's Remuneration Committee; Risk and Compliance Committee; Audit Committee; and Nominations Committee. Mr. Jackson's previous roles include group Chief Executive of Jamie Oliver Holdings Limited from 2007 to 2015; group…
Read moreThe Financial Industry Regulatory Authority (FINRA) today announced it has imposed a fine of $2.95 million on Macquarie Capital (USA) Inc. over the firm's failure to file comprehensive and accurate trade data in an automated format when requested by the Securities and Exchange Commission (SEC) and FINRA. In addition, Macquarie was ordered to carry out…
Read moreICAP plc (LON:IAP), a leading markets operator and provider of post trade risk mitigation and information services, announced today that independent non-executive director Diane Schueneman will step down from the Board. The change is effective December 31, 2015. Ms Schueneman, who plans to concentrate on other commitments, will resign from her roles as member of…
Read moreMetaQuotes Software, the developer of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, today released a new build (950) of MT4. The updated solution offers its users a set of performance improvements, such as a full-featured search function. Terminal The sorting of MQL4 programs in the sub-folders of the Navigator window has…
Read moreSocial trading and market analysis expert Myfxbook has reached a milestone concerning its Android application. The application, which was first launched in October 2014, has passed 100,000 downloads. Myfxbook also notes that the solution ranks number 4 when searching in Google Play for the term ‘Forex’. Myfxbook marks the end of the year with a…
Read moreThe Hong Kong Securities and Futures Commission (SFC) today announced that it has suspended Fabiano Hugues Joseph Mascolo, a former employee of BTIG Hong Kong Limited, for three months over breaches of the firm's internal policies and violations of the Code of Conduct. The suspension is valid from December 21, 2015 to March 20, 2016.…
Read moreFinancial services firm ADS Securities is beefing up its sales team with the addition of Al Crane, who will join the company as head of institutional sales for Europe and the Americas from February 1, 2016. James Watson, Managing Director of ADS Securities London has confirmed the appointment. Mr Crane will be joining ADS Securities…
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