Hong 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 moreThe payment network for cross-border transactions Earthport plc (LON:EPO) has announced that its subsidiary, Baydonhill has re-launched as EarthportFX. EarthportFX will offer clients direct access to FX and payment services utilised by global banks and ecommerce businesses. The EarthportFX brand combines Baydonhill’s extensive currency expertise with Earthport’s industry-leading global network and payments technology. In a market…
Read moreDeutsche Börse AG and Hale Global have entered into an agreement regarding the sale of Market News International, Inc. (MNI), a leading provider of macroeconomic and markets intelligence for global fixed income and foreign exchange market professionals. Details of the deal are subject to a confidentiality agreement. By divesting its news business, Deutsche Börse further…
Read moreSterling sinks to new depths on Brexit anxiety, dropping to new 31 year lows around the 1.2800 level against the US dollar and even lower against the yen and the euro. The combination of some Brexit effects already starting to become definite and this week’s slowdown in recent economic data may seem a bit like…
Read moreFinancial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has announced it has completed its acquisition of the North American Customer Communications (NACC) business of DST Systems, Inc. (NSYE: DST) for $410 million in cash, subject to post-closing adjustments. The NACC business will be renamed Broadridge Customer Communications and integrated into Broadridge’s Investor Communication Solutions segment.…
Read moreASIC has warned of a dramatic increase in the extent of unlicensed conduct by retail OTC derivative providers seeking to expand their market with new customers for their complex and risky products such as binary options. ASIC has raised its concerns with more than 40 unlicensed providers. The majority are binary option issuers but also…
Read moreCommodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced today that it has substantially completed its acquisition of the correspondent securities clearing business and independent wealth management business from Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp. Details about the acqusition were provided last week. The July 1, 2016 closing involved three broker…
Read moreSure we all are thrilled about everything that happens around Brexit. There's been lots of drama since David Cameron announced he was resigning shortly after the referendum. All news about the new British Prime Minister are almost as exciting as the referendum itself. Unfortunately we won’t know who will take Cameron's place until September 9. Until then…
Read moreLeading retail forex broker Saxo Bank has issued its June FX volumes results, which made its highest peak of $261 billion since early 2015. Saxo Bank’s daily average is seen to be $11.9 billion this month – just a bit higher than last month’s $11.6 billion. Compared to last year’s results for the same period, the…
Read moreColt PrizmNet, the financial extranet developed by Colt, has continued to grow its footprint in Asia by connecting to Equinix’s International Business Exchange (IBX) data centres in Hong Kong (HK1) and Singapore (SG1). Colt can now interconnect with key FX centres, both globally and across Asia, including direct connectivity to Equinix’s TY3 data centre in Tokyo, the largest FX trading facility in Asia, as well as Sydney…
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