Multi-asset trading and investment services provider Saxo Bank has issued its July FX volumes results and they just keep rising. Saxo Bank's highest peak so far was June's FX volumes, counting $261 billion since early 2015. FX volumes in July show the impressive number of $265 billion. Daily average hit $12.6 billion this month. As for clients' collateral…
Read moreLondon Stock Exchange Group (LSE) has announced that UnaVista, its MiFID Approved Reporting Mechanism (ARM), has made user acceptance testing available for MiFIR transaction reporting 17 months ahead of schedule. UnaVista is the LSE group’s global hosted platform for all matching, validation and reconciliation needs. It offers a range of business solutions through one interface…
Read moreASIC has released its enforcement report for the period January 1, 2016 to June 30, 2016. The report highlights ASIC's long-term challenges and areas of focus going forward, as well as outcomes supporting those areas, including: balancing a free-market system with investor and financial consumer protection; digital disruption; structural change; financial innovation-driven complexity; and globalisation.…
Read moreHong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read morePost trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), has announced that 11 CME Group IRS clearing members eliminated 12.5 trillion MXN ($664 billion USD) notional outstanding in the first triReduce multilateral compression cycle for cleared Mexican Peso (MXN) interest rate swaps (IRS). Over 35% of the cleared MXN notional principal outstanding in CME…
Read moreAustralian drug development company Noxopharm (ASX:NOX) has been successfully listed on Australia Securities Exchange (ASX) and will begin trading on Tuesday, August 9, 2016 at 11 am (AEST), after the Initial Public Offer raised the target figure of 6 million Australian dollars. The offer of 30 million shares at a price of $0.20 a share,…
Read moreA former director of Kleenmaid, Bradley Wendell Young, on Friday was found guilty on 18 charges arising from the collapse of the national whitegoods distributor, following a 71 day trial. He was found guilty of: one count of dishonestly gaining loan facilities from Westpac Bank in November 2007 totalling $13 million; and seventeen counts of…
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm CF Investment Funds. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part of their…
Read moreTMX Group Limited (TSX:X) has announced July 2016 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. The volume of all TMX equities marketplaces has dropped in July MoM from 630 million to 551.7 million. Daily Average Volume for Toronto Stock Exchange was 328.8 million in July, lower…
Read moreThe U.S. has gained 255,000 new jobs in July, which by all means is a proof that companies are still hiring plenty of workers despite the lower speed of the economy. The much stronger than expected increase in new jobs has slightly accelerated the odds that the Fed might raise interest rates as early as September. The central bank held off after…
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