The Dubai Gold and Commodities Exchange (DGCX) on Friday unveiled its plans to add Chinese Yuan Futures to its offering, with the launch scheduled for December 2015, pending regulatory approvals. The contract will be financially settled on the same day as offshore equity index futures, and will hold a value of USD 50,000. It will…
Read moreAustralian retail Forex broker DMM FX has just enlarged the lineup of base currencies that its clients can use for operations with their trading accounts – both demo and live standard ones. The new addition to the list of base currencies is the Japanese yen (JPY). It joins the lineup, which already includes AUD, USD,…
Read moreGlobal Prime Partners, provider of prime brokerage, execution and clearing services to a wide variety of clients, today announced the appointment of Sean Capstick as Head of Prime Brokerage. The appointment is effective immediately. Mr Capstick has set some ambitious aims for the corporate business. He expects to double the size of the company’s broking…
Read moreMulti-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 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…
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