The Australian watchdog discovered a number of Forex CT clients suffered significant losses in the size of hundreds of thousands of dollars, including from their superannuation accounts, from investing in these products. Forex CT’s AFS licence will continue to end of July to allow setting a dispute resolution scheme in place and to facilitate the…
Read more
The Australia and New Zealand Banking Group Limited (ANZ) announced the sale of UDC Finance, its asset finance business in New Zealand, for NZ$762 million to Shinsei Bank Limited. The sale is inline with ANZ’s strategy to simplify its business and follows a review of UDC Finance. The purchase price represents a price-to-book ratio of 1.2x…
Read more
The provision of risk management tools within the Autochartist trading platform allows traders to immediately see what’s at risk in a predetermined currency value. The platform also offers education for beginners on market volatility and how to maximise profits during volatile markets. Less experienced traders will learn how to set their stop-loss and take-profit orders…
Read more
EUROPEAN SHARES A raft of bullish factors saw European Stocks open significantly higher, following the tone set by Asian markets overnight, and with US Futures also pointing to a firmer open, trading optimism has rarely been this high. The party goes on for stock traders after the ECB surprised investors by announcing a higher than…
Read more
Hantec Markets Hayel Abu-Hamdan, Group COO & UK CEO said: Our focus at Hantec Markets is to provide an unrivalled trading experience that demonstrates fairness and transparency and to maintain a stable and secure environment for our customers to trade. Our partnership with FxCubic will ensure that we are at the forefront of our industry in terms…
Read more
Gary Offner, Head of Nasdaq Ventures commented: Investing in technology disruptors like Caspian that align with our business interests in improving the transparency of markets everywhere is one of the core objectives for our venture efforts. One feature that is critical to the health and integrity of the financial industry is detecting, mitigating and managing…
Read more
The small and medium-sized banks under SDC will now be able to cut costs and complexity while providing their clients with broad access to stocks, bonds, mutual funds and ETFs. Commenting on the partnership, Kim Fournais, CEO and Founder of Saxo Bank, said: We are very proud to sign this landmark partnership with a group…
Read more
Darren Boulos, Head of FX Sales and Trading in Asia-Pacific at BNY Mellon said: We've spent the past four years fully integrating and accentuating our global FX capabilities, and this is just the next step in the bank's commitment to the region, specifically to Singapore as the hub of our Asia G10 FX trading. "With…
Read more
FTSE 100 and 250 soar in lock step Both of the UK’s major indices jumped 2.6% on Wednesday, with the FTSE 250 now up 12% over the past month. London-listed stocks remain well behind their US counterparts but have been making solid progress in recent weeks. The gains reflect investor optimism about both the UK…
Read more
Since its establishment back in 2010, the broker has more than doubled in size over the past two years as well as expanded and tailored its product offering into hundreds of new markets. Thanks to our presence in Dubai, Pepperstone can establish even closer ties with our clients in the Middle East. Dubai is a significant global financial hub and…
Read more