Multi-asset trading and investment expert Saxo Bank has announced that it will no longer act as a Market Maker for Single Stock CFDs from December 14, 2015 (Monday). Instead, starting from the above-mentioned date, the broker will be offering Single Stock CFDs on a pure Direct Market Access (DMA) basis where all orders will be routed…
Read moreJust ahead of a crucial vote at the International Monetary Fund (IMF) on whether the IMF will include the Chinese currency into its special drawing rights (SDR) basket, the Bank of Russia appears to have added the yuan to its Forex reserve basket. According to a report by Russia's information agency TASS, referring to two sources…
Read moreOnline trading services provider Monex Group, Inc. (TYO:8698) today announced that it has teamed up with Credit Saison Co., Ltd. (TYO:8253) and The Vanguard Group, Inc. to establish a discretionary investment management company. The new entity, to be named Monex-Saison-Vanguard Investment Partners, Inc. (MSVIP), is set to commence operations in the Spring of 2016, once…
Read moreFXecosystem, which provides outsourced connectivity services to the FX market, has indicated that it can now provide Tier 1 and Tier 2 banks with an even faster connection between London and New York. As one of the first organisations to be upgraded onto Hibernia’s new Ultra 5 Express Circuit, FXecosystem can now offer clients a…
Read moreOnline gaming operator GVC Holdings PLC (LON:GVC) today announced the appointment of Shay Segev to the newly established role of Chief Operating Officer. Mr Segev is a former Chief Operating Officer of Playtech PLC (LON:PTEC) and is considered one of the leading technology and product experts in the online gaming industry. In this new role,…
Read moreLeading UK online spreadbetting and financial trading firm IG Group Holdings plc (LON:IGG) today issued a trading update regarding its financial performance for the quarter to November 30, 2015 – that is, the second quarter of its fiscal year to May 31, 2016. IG said it performed well in quieter markets over the last three…
Read morePaysafe Group Plc (LON:PAYS), formerly Optimal Payments, today provided an update regarding its investigation into alleged breaches of customers' data. The company said that third-parties have illegally obtained data related to limited account details from 3.6 million NETELLER accounts and basic personal details relating to 4.2 million Skrill accounts. Paysafe notes that less than 2%…
Read moreIt has been nearly two months since New Zealand's Financial Markets Authority (FMA) voiced its concerns over the growing number of complaints it receives over Forex companies that are registered in the Financial Service Providers Register (FSPR). It seems that the FMA was not the single regulatory body in New Zealand to be concerned over this…
Read moreThe Financial Futures Association of Japan (FFAJ) has just published the statistics of its members for the quarter from July 1, 2015 to September 30, 2015, with the data showing increases in over-the-counter and on-exchange Forex trading volumes. Domestic exchanges saw 12.04 million FX margin contracts traded in the July-September 2015 quarter, up 18.4% from…
Read moreToday the International Monetary Fund or IMF will vote on whether to include the Chinese currency, known as the renminbi or yuan as the fifth member of its special drawing rights (SDR) currency basket. It has always been expected with the economic rise of China that the currency would eventually be included, however, China has been…
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