Shares of Retail FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) rose by more than 9% on Tuesday after the company revealed plans to buy back up to $50 million of its own shares. Gain Capital's plans involve a Dutch Auction style buyback, which will see it pay between $7.24 and $7.94 per share tendered in…
Read moreUK financial regulator Financial Conduct Authority (FCA) has published two consultation papers, setting out its proposals in the event the UK leaves the European Union on March 29, 2019 without an implementation period - i.e., a so-called 'Hard Brexit'. It also set out its approach to the regulation of Credit Ratings Agencies, Trade Repositories and…
Read more
After last week hiring Sucden's Michael Davies as its new Global Head of Sales, FCA regulated Prime of Prime brokerage Stater Global Markets has announced that Ayhan Gurcuoglu has joined the company as Regional Sales Manager (Turkey). Ayhan Gurcuoglu joins Stater from Sucden Financial, where he was also Regional Manager for Turkey. With over 18 years’ experience…
Read more
UK FCA regulated global provider of FX and CFD brokerage services Tickmill has announced today the Group consolidated trading volume for September 2018 which came in at $117.7 billion, up by 58.9% from September 2017. The September trading volume figure is the highest to have been recorded by Tickmill and reflects the Group’s accelerated growth…
Read more
Orvium, the first decentralized social platform for scientific collaboration, funding and publications management based on Blockchain and Artificial Intelligence, has today announced that it has been recognised as a Standard Technology Partner of the Amazon Web Services (AWS) Partner Network, enabling the organisation to provide software solutions that are integrated with the AWS Cloud. The…
Read more
ATFX (UK), a global leading online trading service provider, has announced that it will be launching a new education section that features a wide range of educational resources including webinars, market commentary articles & videos, weekly market reviews, ebooks and seminars. The webinars are designed to demonstrate the functionality of its platform and trading strategies…
Read more
Information giant Thomson Reuters (NYSE: TRI) has just finalized its planned uses of proceeds from the recently completed sale of a 55% interest in its Financial & Risk (F&R) business. The company also announced that its Board of Directors approved an US$0.02 annualized dividend increase to US$1.40 per share. As previously disclosed, the company is…
Read more
Solactive has just announced the appointment of Svend Gerhards as Head of Compliance who started on the 4th of October. In this new role, Gerhards, formerly Vice President at Deutsche Bank, will assume responsibility for Solactive’s compliance function. Christian Vollmuth, Chief Risk Officer at Solactive AG, commented: The European Benchmarks Regulation introduces a sweeping regime…
Read more
Duco, the enterprise software as a service (SaaS) company has just announced an agreement with Societe Generale, the French bank and global provider of financial services to deploy Duco’s platform across the group as one of its primary reconciliation and data control systems. Societe Generale will use Duco’s innovative platform to automate key reconciliation processes…
Read more
FX brokerage group GAIN Capital Holdings Inc. (NYSE:GCAP), which operates the FOREX.com and City Index Retail Forex brands, has announced that it commenced a "modified Dutch auction" tender offer to purchase up to $50 million of shares of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly…
Read more