International dertivatives marketplace CME Group Inc (NASDAQ:CME) has just posted its volumes metrics for January 2016, with Forex volumes staging a decent rise from December 2015 levels but lagging behind the robust results seen in January 2015. CME Group reported Forex average daily volume (ADV) of 970,000 contracts for January 2016, a number which is…
Read moreThe UK Financial Conduct Authority (FCA) has issued a 'Dear Broker CEO' letter specifying problematic areas regarding onboarding of clients by UK CFD brokers. The letter, signed by Megan Butler, Executive Director of Supervision Investment, Wholesale & Specialists Division, is published after an FCA review of the procedures for taking on new clients in a…
Read moreHong Kong Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) today issued a positive profit alert for the full year to December 31, 2015, on the back of increased trading activity. In today's announcement, the Board forecasts that broker will register “a significant increase in profit attributable to equity holders of the Company for the…
Read moreThe Bank of Russia finally made a move to cancel the qualification certificates of Kim Karapetyan, the notorious chief executive of BlackField Capital, once an algo trading company based in Moscow. The Russian “Megaregulator” announced today that Mr Karapetyan is no longer qualified as “a financial market specialist in broker, dealer and securities management activities”. The…
Read moreSaxo Payments, the global transactions services provider which is part of Saxo Bank, today announces the expansion of the reach of the Saxo Payments Banking Circle through the addition of six new currencies. In response to customer demand, Banking Circle transfers can now be carried out in United Arab Emirates Dirham (AED), Hong Kong Dollar…
Read moreEBS BrokerTec, the electronic Forex and fixed income business of ICAP plc (LON:IAP), announces today that EBS Treasury (known previously as MyTreasury), the liquidity management platform for the corporate treasury community, has been chosen by the UK Municipal Bonds Agency (MBA) to offer electronic inter-authority lending and borrowing in the UK. The platform will support…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today announced that, at its meeting held on January 25, 2016, it decided to temporarily suspend the ‘fast track’ examination scheme that was launched to help investment firms get their Cypriot authorization faster. The Commission said it reached the decision to put the program on hold due to the…
Read moreAfter failing to acquire retail forex brokers Plus500 Ltd (LON:PLUS) and AvaTrade late last year in deals which would have totaled more than $800 million, online gaming and forex giant Playtech PLC (LON:PTEC) is apparently returning its M&A appetite to its core business of online gaming platforms and the possible acquisition of rival OpenBet. Owned by…
Read moreTechnician App has integrated with Tradable, enabling a new level of top-quality Forex trading and analysis experience. Technician app users are now able to trade from the chart. Technician, powered by ChartIQ, was first launched in July last year as a personal trading and analysis tool for mobile, tablet, and desktop devices. The free app provides…
Read moreFollowing the court approval of the proposed merger of online betting operators Paddy Power plc and Betfair Group plc, the deal was today completed. As a result, there is a new combined entity named Paddy Power Betfair plc, operating from https://www.paddypowerbetfair.com. Trading in the Betfair Shares on the London Stock Exchange's market for listed securities and…
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