Search Results for: Commodities
Stocks slip, euro near two-month high as US economy loses steam
April 30th, 2015
Asian stocks stumbled on Thursday while the euro held near two-month highs against the dollar after surprisingly downbeat first-quarter economic growth in the United States – a key export destination for many of the region’s economies. Spreadbetters expected the ...
Flash crash trader to face court again
April 29th, 2015
A UK financial trader accused of contributing to the 2010 Wall Street “flash crash” is due to appear in court again on Wednesday. Navinder Singh Sarao, who first appeared at Westminster Magistrates’ Court last Wednesday when he said he ...
Federal court in Florida issued a Consent Order against Inter-Global Currency & Precious Metals and its owner
April 28th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in Ft. Lauderdale, Florida issued a Consent Order against Defendants Inter-Global Currency & Precious Metals, LLC (IGCPM) of Pompano Beach, Florida, and its owner, manager, and controlling person Stavros ...
Deutsche Bank fined £227 million by FCA
April 23rd, 2015
The Financial Conduct Authority (FCA) has handed Deutsche Bank AG (Deutsche Bank) a £227 million ($340 million) fine, its largest ever for LIBOR and EURIBOR-related (collectively known as IBOR) misconduct. The fine is so large because Deutsche Bank also ...
UK trader charged for manipulation contributing to 2010 flash crash
April 22nd, 2015
A high-frequency futures trader has been charged with illegally manipulating the stock market, contributing to the May 2010 “flash crash,” according to documents unsealed Tuesday. The Justice Department charged the United Kingdom’s Navinder Singh Sarao with wire fraud, 10 ...
Tickmill Reports March Statistics of CFD Trading
April 21st, 2015
Global ECN broker Tickmill announced its first monthly trading statistics of CFDs following successful launch of the product in March 2015. Following strong customer interest towards trading CFDs, Tickmill on March 10, 2015 enabled trading on eight major CFDs ...
CommerzVentures invests into social investing company eToro Group
April 20th, 2015
First investment of CommerzVentures CommerzVentures joins existing investors in a Series D financing CommerzVentures GmbH, the Corporate Venture Capital subsidiary of Commerzbank launched around six months ago, has made its first investment in a fintech company. It joined the ...
Trader Charged With Spoofing Market Loses Dismissal Bid
April 20th, 2015
The first high-speed trader charged with a method of market manipulation known as spoofing lost a bid to dismiss the case based on an argument the new law is too vague to be enforced. Michael Coscia was indicted last ...
Plus500 – Israel’s most profitable Internet company
April 20th, 2015
The online contracts for difference (CFD) company, which deals in capital market assets, has outperformed forecasts. Plus500 Ltd. (AIM: PLUS) whose share is traded at a $1.3 billion market cap, has reported partial results for the first quarter of ...
Bank of China, BOC International Holdings and SGX expand collaboration on Renminbi and market developments
April 17th, 2015
Singapore Exchange (SGX), Bank of China (BOC) and BOC International Holdings Limited (BOCI) are extending their collaboration on Renminbi (RMB) initiatives and embarking on joint activities that will contribute to the growth of both financial markets. The respective framework ...
