January 08, 2016 BY Maria Nikolova

China abandons circuit breaker to maintain market stability

After a turbulent start of the year for the Chinese stock markets, as the newly implemented circuit breaker mechanism was activated twice, the Chinese regulators have decided to suspend the solution, in order to keep the markets stable. According to a Xinhua report, referring to a statement from the China Securities Regulatory Commission (CSRC), the mechanism…

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January 08, 2016 BY Maria Nikolova

Paysafe says integration of Skrill is progressing well

Provider of online payment services Paysafe Group Plc (LON:PAYS), formerly known as Optimal Payments, today published a trading update for the year to December 31, 2015. Along with an upbeat forecast about its full-year revenue and EBITDA, the company said that the integration of digital payments business Skrill Group, the acquisition of which closed in…

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January 08, 2016 BY Maria Nikolova

FCA warns of clone of social trading provider Ayondo Markets

The Forex industry has been increasingly targeted by clone firms, that is, unauthorized companies that emulate the data, including names, websites, etc., of licensed entities, in order to easily defraud investors. The UK Financial Conduct Authority (FCA) is amid the regulators that actively warn against this practice. The watchdog published a special announcement yesterday regarding…

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January 07, 2016 BY Maria Nikolova

FCA reports steep rise in complaints about Forex trading and brokerage firms

The UK Financial Conduct Authority (FCA) has reported a sharp rise in reports about unauthorised trading and brokerage firms. The complaints from consumers concern firms offering trading in foreign exchange, contracts for difference, binary options and other commodities. A common feature of such companies is that they promise artificially high returns and often mention “guaranteed…

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January 07, 2016 BY Maria Nikolova

Tracey McDermott withdraws from race for FCA's chief exec position

The UK Financial Conduct Authority (FCA) today issued a special statement, confirming that Acting Chief Executive Tracey McDermott has decided to leave the process to appoint the permanent Chief Executive of the FCA. The Treasury-led recruitment process is still open, with Ms McDermott set to continue as Acting Chief Executive until a permanent replacement is…

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January 07, 2016 BY Maria Nikolova

Sucden Financial unveils new London-based Multi-Product Execution Team

International derivatives broker Sucden Financial Limited is strengthening its London management with the establishment of a new Multi-Product Execution Team. The team, which will target hedge funds, banks and real money asset managers, will be in charge of executing financial and commodity futures and options, stock options and stock indices, as well as fixed income…

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January 07, 2016 BY Maria Nikolova

ICAP’s EBS trading volumes drop 1% MoM in December 2015

ICAP plc (LON:IAP) has just posted its operating metrics for December 2015, with the last month of the last year bringing no positive news on the Forex volumes front, as EBS trading volumes were even lower than in November 2015. Average daily volumes at EBS amounted to $74.8 billion in December 2015, down 1% from…

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January 07, 2016 BY Maria Nikolova

TFX's Click 365 marks record for deposit amount

Click 365, the FX margin trading service of Tokyo Financial Exchange (TFX) has earlier today announced that it had set a record in terms of deposits. On January 6, 2016, the total margin amount deposited with TFX for Click 365 surpassed JPY 500 billion. The previous record in terms of Click 365 deposits was set on…

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