Provider of multi-asset investment and trading services Saxo Bank has managed to provide a good piece of news, striking a contrast note amid a raft of reports from the Forex industry showing decreases in trading volumes for October 2015. Saxo Bank earlier today published its key operating metrics for October 2015, with Forex volumes and client…
Read moreBarclays PLC (LON:BARC) has earlier today announced that its CEO designate James (Jes) Staley has bought into the company. Via a transaction that took place on November 4, 2015, Jes Staley purchased 2,790,000 ordinary shares in the company. The nominal value per share is 25 pence. The average market price of the Shares was £2.3300 per…
Read moreA follow-up to LeapRate's story about South Africa's Financial Services Board (FSB) deregistering Fitch as a credit rating agency... The Registrar of Credit Rating Agencies at the FSB announced on Wednesday that it has granted Fitch Ratings Limited (Fitch) a two year exemption from registration under the Credit Rating Services Act. The exemption concerns the provision of…
Read moreDubai Gold & Commodities Exchange (DGCX) has informed its participants of pending changes to initial margin requirements for a raft of futures contracts, including popular Forex futures contracts and energy contracts. The changes will be effective from November 9, 2015. The size of required margin will be reduced for INR/EUR, JPY/USD, USD/RUB, as well as…
Read moreMetaQuotes Software on Wednesday announced the launch of a new version of the MetaTrader 5 Android mobile application. The enhancements in build 1172 of the solution include convenient chart zoom and additions to bond properties. The novelties include: Improved symbol chart zoom: increased the amount of zoom steps and enhanced display smoothness. All changes in…
Read moreJapanese Forex giant GMO Click Securities, a subsidiary of GMO Click Holdings Inc (TYO:7177), has just published its key operating metrics for October 2015, with over-the-counter and on-exchange trading volumes staging a steep drop. OTC Forex volumes marked their lowest level since August 2014, when the result stood at humble JPY 50.27 trillion. Let’s take…
Read moreFinancial technology group ayondo today announced a partnership with KGI Fraser Securities Pte Ltd, a Taiwanese-owned brokerage in Singapore, to launch KGI Contrax, which uses ayondo’s platform TradeHub®. The platform, under a white-label arrangement, enables investors to buy and sell Contracts for Difference (CFDs). Edwin Lee, Head of Wealth Management, KGI Fraser said: “We are…
Read moreMoscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), the biggest Russian venue for trading shares, Forex and derivatives, has earlier today posted its financial metrics for the third quarter of 2015, with income from the FX market staging a steep rise year on year. Fee & commission income from the FX Market amounted to RUB…
Read moreThe European Securities and Markets Authority (ESMA) on Wednesday announced an update to its list of authorized central clearinghouses (CCPs), which fall within the scope of the European Markets Infrastructure Regulation (EMIR). The latest update concerns CME Clearing Europe, a subsidiary of CME Group Inc (NASDAQ:CME). CME Clearing Europe has been authorised to extend its…
Read moreMonex Group, Inc. (TYO:8698) has earlier today posted its operating metrics for October 2015, with the numbers pointing to sharp drop in Forex volumes from September 2015, when the results were already subdued, as well as to a steep decrease from exceptionally solid October 2014. We should, of course, mention that the results Monex reported…
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