July 15, 2014 BY Andrew Saks-McLeod
European regulator ESMA details new market abuse regime
MAR broadens reach of rules to new products, venues and trading techniques
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July 15, 2014 BY Andrew Saks-McLeod
Rezwealth Ponzi scuppered as OSC applies fine of almost $6 million, and sanctions all parties involved
After a year of legal proceedings, the OS has taken action against Canadian Ponzi scheme operators which bilked customers out of funds, promised unrealistically high returns, with most of the funds having been misappropriated.
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July 15, 2014 BY Gerald Segal
Plus500 shares plunge 17% on Monday
Is the honeymoon with investors over for the AIM-listed former stock market darling?
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July 15, 2014 BY Andrew Saks-McLeod
China further eases FX rules to the benefit of western companies
Many FX firms consider the acquisition and retention of Chinese FX traders to be a high priority. China now permits traders to keep their profits on investments abroad rather than having to repatriate it within 180 days, an advantageous development for western companies.
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July 14, 2014 BY Mike Fox
FX CFTC CoT sentiment data; Where will volatility come from next?
A quick note on the sentiment of traders coming from futures data from the CME reported by the CFTC. Traders are bearish EUR, JPY and CHF, with net positions of ‐$10bn, ‐$8bn and ‐$1bn, respectively and bullish GBP, AUD, MXN, NZD and CAD; with net positions of $4.5bn, $3.4bn, $2.7bn, $1.3bn and $1.0bn. However, Camilla Sutton, Chief FX strategist at Scotiabank commented that this week’s data is interesting as it provides the first warning signal for EUR bears and GBP bulls as the EUR short position failed to build and traders began to close out GBP longs. These crowded positions in EUR and GBP could signal an uptick in trading activity this week as there…
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July 14, 2014 BY Andrew Saks-McLeod
Platform diversity continues among copy trading firms as Myfxbook integrates with cTrader
In today's highly competitive copy trading arena, the drive toward platform agnosticism is paramount.
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July 14, 2014 BY Andrew Saks-McLeod
Dukascopy goes live with USD/CNH trading
Traders can now place live orders in USD/CNH, providing the advantage of operating with a Swiss bank to those wishing to trade the offshore yuan
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July 14, 2014 BY Andrew Saks-McLeod
Alpari RU volumes for June take a further decline, reducing 5% MoM, resulting in lowest point since 2012
Trading at Alpari's Russian operations during June amounted to another month below the $100 billion mark, indicating that the slow path to recovery which has begun to emerge in many regions has yet to make its way to Russia and the CIS.
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July 14, 2014 BY Andrew Saks-McLeod
Steadfast American conglomerate KCG predicts increase in dark liquidity as SEC plans to widen tick sizes
Phil Mackintosh, KCG's Head of Trading Strategy and Analysis has published an analysis called "Who Gets the Short End of the 'Tick?" which examines the Securities and Exchange Commission's pilot program to widen tick sizes in electronic trading. Are dark pools the future across North America?
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