Search Results for: Trading
Nasdaq closes at record high
June 19th, 2015
Good news for anyone who bought tech stocks on March 10, 2000. You’re finally making money! The Nasdaq soared 1.3% Thursday to an intraday record of 5,143.32, topping the previous all-time high of 5,132.52 from more than 15 years ago. The ...
The Next Great European Financial Crisis Has Begun
June 18th, 2015
The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Neither the Greeks nor the Germans are willing to give in, and that means that there is very little chance ...
New currency ETN from ETFS Foreign Exchange launched on Xetra
June 18th, 2015
ETN tracks the exchange rate movements of the euro to the Swiss franc A new exchange traded note (ETN) from the ETFS Foreign Exchange Limited product family has been tradable via Xetra and Börse Frankfurt since Wednesday. ETF name: ...
Gold price to climb as fears of a ‘Grexit’ rise
June 18th, 2015
The price of gold is tipped to rise as investors use the precious metal as a hedge against financial fallout from Greece’s ongoing debt crisis. Gold has been trading at about $US1180 per ounce in the last week, and ...
Milford Asset Management to pay $1.5 million following FMA investigation
June 18th, 2015
The Financial Markets Authority (FMA) has completed its investigation into certain trading activity between December 2013 and August 2014 by a trader employed by Milford Asset Management Limited (Milford). The FMA considers that the trading conduct breached the market ...
SEC Announces Enforcement Action for Illegal Offering of Security-Based Swaps
June 18th, 2015
The Securities and Exchange Commission today announced an enforcement action against a company that illegally offered complex derivatives products to retail investors. The Dodd-Frank Act implemented two key requirements for any security-based swaps offering to a retail investor who ...
Playtech Equity Raise: Placing of up to 29,050,000 Ordinary Shares
June 18th, 2015
LSE has issued a press release regarding Playtech £0.25 Billion Equity Raise The Placing Shares represent approximately 9.9 per cent. of the Company’s issued share capital immediately prior to the Placing and the number of Ordinary Shares in issue ...
Banks’ Civil Forex Settlements Near $2 Billion
June 18th, 2015
Barclays, BNP Paribas, Goldman Sachs and HSBC recently signed agreements to settle case The total amount paid by banks to settle a civil lawsuit tied to allegations traders manipulated the currency market has now reached almost $2 billion following ...
Asia stocks up, dollar sags as Fed tempers expectations for rate rise
June 18th, 2015
An index of Asian shares gained on Thursday while the dollar eased slightly after the Federal Reserve signaled that interest rates would rise more slowly than markets had expected. Spreadbetters, however, expected Greek debt matters to reclaim the spotlight ...
FCA Chose Not to Chase Some Firms in FX Probe
June 17th, 2015
The Financial Conduct Authority chose not to pursue all institutions involved in the foreign exchange rigging scandal, believing that targeting the worst cases would be enough to send a message of deterrence to all. The FCA fined five banks a ...
