Apple Pay is about to enter the booming Chinese market thanks to a partnership between Apple Inc. (NASDAQ:AAPL) and China UnionPay Co., Ltd., the operator of China's only national electronic payment network, announced today. Apple Pay is set to become available to China UnionPay cardholders as soon as early 2016 pending relevant tests and certification…
Read moreIt is a tough time to be holding petro-currencies. It seems that the Fed's FOMC meeting move of a 25 basis point rate hike - the first such rise since 2006 - has traders focused on continued US Dollar strength. That means weakness in US Dollar denominated products such as Crude Oil, which witnessed a…
Read moreFrance's financial markets authority AMF has earlier today updated its “Black List” of unauthorized Forex brokers targeting French investors. The regulator added five new names to the list: www.consorfx.com / Trading Technologies HK Ltd; www.equitycapitals.com / Equity Capitals Ltd; www.ifx4u.com / The Oklycapital Limited; www.imcbroker.com / Nordane Group Ltd; www.investocopy.com / Investocopy Ltd. Some of…
Read moreAs we predicted earlier this week when the announcement was made, FXCM Inc (NYSE:FXCM) shares are in for a lot of volatility and speculation until the company clarifies the situation. Which announcement? And what situation? First, the stats on FXCM shares the past three trading days: Mon Dec 14 - Closing price $8.08, up 52%…
Read moreThe UK Competition and Markets Authority (CMA) today announced that it has decided not to refer the anticipated merger of Paddy Power plc and Betfair Group Ltd (LON:BET) to a Phase 2 investigation under the provisions of the Enterprise Act 2002, thus giving its consent for the deal to proceed. Betfair expects that the deal,…
Read moreRetail Forex broker Exness on Wednesday informed its clients that it has amended the procedure for changing margin requirements on weekends and holidays. In accordance to the changed rules on providing leverage, increased margin requirements will take effect for orders opened from 19:00 GMT +0 on Friday through 23:00 GMT +0 on Sunday. The margin…
Read moreCMC adds veteran directors Malcolm McCaig and Manjit Wolstenholme to its board. Is an IPO looming? Reports filed today within the UK Companies House registry show that CMC Markets, the UK FCA regulated CFD and spread betting provider has officially appointed two new financial vets in Malcolm McCaid and Majit Wolstenholme to their board of directors. CMC has made their IPO…
Read moreSinar Mas Group's Danny Oei joins the Saxo Board. Sinar Mas acquired a 9.9% stake in Saxo Bank last summer.
Read moreLeading provider of online trading services IG Group Holdings plc (LON:IGG) has earlier this week released an update to its IG Trading application for iOS-based mobile devices. The latest version (5.7.112) of the solution is remarkable for the fact that it now offers free technical analysis on the go via Signal Centre. Directly from two…
Read moreMetaQuotes Software, the developer of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, today announced the release of an update to MT5. The enhancements in build 1240 are various but the main ones seem to concern accelerated operations of the terminal. Terminal MT5 now offers accelerated update of the list of open orders…
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