Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced that its wholly owned subsidiary, INTL FCStone Pte Ltd., has hired Jason Bray to lead its dairy practice in the Asia-Pacific region. Bray will work from INTL FCStone's office in Singapore. This move surely demonstrates INTL’s commitment to serving its customers and growing its market…
Read moreAustralia financial regulator ASIC has today released a consultation paper proposing to maintain markets and securities relief that ASIC has previously provided from certain obligations under the Corporations Act. The consultation paper also sets out ASIC's proposal to withdraw some relief. This consultation paper is part of ASIC's response to the 'sunsetting' of legislative instruments.…
Read moreInterdealer broker ICAP plc (LON:IAP) announces today its trading statement for the period from April 1, 2016 to June 30, 2016. It will be delivered to shareholders attending ICAP’s Annual General Meeting today. Michael Spencer, Group Chief Executive Officer of ICAP, said: I expect 2016/17 to be an exciting and challenging year for ICAP…
Read moreMultibank FX aggregation service FXSpotStream has reported that June volumes on its system are steady at $20.7 billion (single count) daily, much higher than May’s $16.1 billion. FXSpotStream’s best-ever month was this past February, at $21 billion ADV, but June almost beat its record. FXSpotStream is a wholly owned subsidiary of LiquidityMatch LLC (which is…
Read moreThe GBPUSD is approaching the 1.31 handle after the pair saw a push higher following yesterday's political developments that Theresa May is set to become the Prime Minister of the UK following the shock resignation of her rival for the role, Andrea Leadsom. Leadsom quitting the race is a positive for Sterling simply because a…
Read moreFiserv, Inc. (NASDAQ: FISV), the provider of financial services technology solutions, has announced that Encentus Federal Credit Union, based in Tulsa, Oklahoma, has selected the Portico® core account processing platform with an integrated solution suite that includes digital banking and lending services. Encentus is migrating from its current providers to drive credit union growth, enhance operational efficiency…
Read moreJPMorgan Chase & Co. (NYSE:JPM)’s CEO Jamie Dimon is giving his employees a big raise. And don’t think that he’s doing this for his investment bankers… not at all. The bank company JPMorgan is raising its minimum pay for some overtime-eligible US employees from $10.15 to between $12 and $16.50 an hour. In an opinion…
Read moreThe banking company Clearstream reported a steadily growing demand for Exchange Traded Funds (ETF). According to the company, the market now has a value of more than €450 billion with over 2,200 products in at least 20 countries. However, the boom is curtailed by settlement and realignment challenges within the fragmented European market, notes Jeffrey Tessler,…
Read moreFX settlement system CLS Group (CLS) has announced that Wells Fargo & Co (NYSE:WFC) has joined as a settlement member. Wells Fargo joins 64 other settlement member banks in becoming a direct participant in CLS’s settlement and risk mitigation system – which settles approximately $5 trillion a day on behalf of its clients. Wells Fargo will benefit…
Read moreFCA regulated retail forex broker ICM Capital has announced that clients can now fund their account with Polish Zloty (PLN) via bank transfer to trade Forex, Commodities and CFDs in a PLN denominated MetaTrader 4 trading account. The active Polish market has led the broker to expand on the amount of currencies it currently offers,…
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