The Trump Administration's policy decisions are taking a toll on a number of countries: from China to Argentina, governments are thinking of new, "innovative" ways to fight the economic sanctions imposed by President Trump and his office. North Korea is one of those countries. The latest news is that the country is currently working towards…
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Mr. Ananda Kathiravelu, of Perth, Western Australia, is a a corporate adviser to a series of Australian companies, including Armada Capital Pty Ltd. Kathiravelu has been in the financial services business for over 20 years and has served as a director to a number of companies. Mr. Kathiravelu has been charged with conspiracy to manipulate…
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Virtu Financial, Inc. (NASDAQ: VIRT) has just announced that it will launch new transaction cost and market impact models for FX and fixed income, as part of ongoing enhancements to its comprehensive multi-asset class TCA offering. Kevin O’Connor, Virtu’s Head of Analytics and Workflow, commented: Our ACE Analytics product has been the leading cost and…
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The Cyprus regulator CySEC has made a new announcement today regarding the withdrawal of the AIFLNP authorisation of two companies. The latest additions to CySEC's list are Quantelion Fund Ltd and MESSINA FUND VCIC LTD. Quantelion Fund Ltd’s authorization is with number LPAIF88/2014 and MESSINA FUND VCIC LTD's authorization is with number LPAIF66/2014. According to…
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UK online trading leader IG Group Holdings plc (LON:IGG) has released its scheduled update on its revenue for the three months to 31 August 2019 (Q1 FY20), the first quarter of its financial year ending 31 May 2020 (FY20). Business performance Revenue in Q1 FY20 was £129.1m, 11% higher in comparison with the average of the…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 19, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Perhaps the most influential man of the last decade and a personal hero of mine, the man…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for September 19, 2019. See details below: FOREX With yesterday’s long-time-coming announcement of a 25 basis points rate cut and subsequent hawkish performance by Chairman Jerome Powell, the North American central bank left the markets guessing. Mr Powell’s message hinted at moderate…
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The latest news from India is that executives for crypto related entities are in the process of moving offshore. The rather drastic consequence is a direct result of a proposed law that would criminalize all things crypto in “the first large democracy to ban an innovative technology such as crypto.” 10-year jail sentences would apply…
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The Libra “coals” are heating up again. The Bank for International Settlements (BIS), the central bank for all other central banks, is concerned about the Libra Project. At its behest, it has arranged for a major meeting to take place between representatives from Facebook’s Libra executive team and officials from 26 central banks across the…
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According to Gartner, one of the world’s most respected consulting firms when it comes to divining new market trends, blockchain technologies will transform most, if not all, industries about the globe over the next decade. The firm just completed its latest annual survey on the topic and has determined that corporate CIOs are definitely on…
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