European payments provider, Klarna, has announced a UK partnership with London College of Fashion, UAL, in an exciting initiative to support the next generation of talent at the intersection of fashion and technology. Fashion is now the UK’s largest online retail market segment, worth around £10.1bn, and this growth is only set to continue. By…
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The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC) announced that they will work together to facilitate the establishment of a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year. The trading link will allow investors to trade and settle shares listed on…
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In a mad dash to cash, traders were dumping virtually all kinds of assets in favour of good hard cash on Monday, which just saw one of the largest one-day market declines ever. When all the damage was totaled, the Dow Jones Industrial Average dropped by 1,175, or 4.6%. The broader S&P 500 index fell…
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Cyprus financial regulator CySEC has announced that it is withdrawing the CIF financial services license of Best Choice FBC Ltd. Best Choice FBC operates Retail FX broker BCFX Broker at bcfxbroker.com, and also owns a number of other FX properties including the Finish FinFX brand, which it acquired in 2015. CySEC first suspended BCFX's license…
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STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that the iSTOXX Global Diversity Impact Select 30 Index and the iSTOXX Europe Diversity Impact Select 30 Index were licensed to Goldman Sachs as an underlying for the issuance of structured products. We…
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Will ESMA change its mind? While all formal indications to date indicate that ESMA plans to carry through with its new rules governing online trading - including a 30x leverage cap on CFDs - insiders within ESMA have admitted that the pan-European regulator has seen a virtual deluge of responses to its proposals, numbering in…
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CySEC, Belize and South Africa licensed Retail FX broker Forextime, which also goes by the shortened moniker FXTM, has announced on a new website forextime.co.uk (full text below) that it has received a license from the FCA for a new UK-based subsidiary Forextime UK Limited. A check of the FCA's registry reveals that Forextime UK…
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RoboForex, an international financial broker, just announced that it is expanding the list of cryptocurrencies available for trading via MT4 and MT5 platforms. Apart from Bitcoin and Ethereum, the Company’s clients will have an opportunity to trade Bitcoin Cash, Dash, Litecoin, and Ripple. New instruments are already available for trading. RoboForex continues expanding access to…
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Nasdaq Inc. (Nasdaq:NDAQ) and Palestine Exchange (PEX) annouced that they have signed a new market technology agreement for Nasdaq to deliver new matching engine technology via the Nasdaq Financial Framework architecture to Palestine’s stock exchange. PEX, which will also continue to use Nasdaq’s SMARTS surveillance technology for monitoring its market, will leverage the modular functionality…
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ELITE, London Stock Exchange Group’s international business support and capital raising programme for high-growth companies, today announced that it has partnered with the Small and Medium Enterprises Authority in Saudi Arabia (Monhsa’at) to support the launch of ELITE in Saudi Arabia. Twenty ambitious Saudi small and medium sized companies (SMEs) have been unveiled today as…
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