Search Results for: Markets
FXCM Aims for FastMatch, Lucid Stake Sale to Repay Loan
March 16th, 2015
FXCM Inc., the currency brokerage nearly ruined in January by the Swiss franc’s surge, is seeking to sell its stakes in three trading businesses as it grapples with repaying an emergency loan. The company started the process of selling ...
FSMA: Warning against European Commodities Commission (ECC)
March 16th, 2015
The Financial Services and Markets Authority (FSMA) warns the public against the activities of the European Commodities Commission (ECC). According to the information available to the FSMA, the European Commodities Commission presents itself as a supervisory authority in Belgium ...
KCG completes sale of KCG Hotspot
March 16th, 2015
KCG Holdings, Inc. (NYSE: KCG) announced the completion of the sale of spot FX trading venue KCG Hotspot to BATS Global Markets. At the close, based on the $365 million purchase price, KCG received cash proceeds representing approximately $225 ...
Swiss bank UBS settles currency-rigging claims for $135M
March 16th, 2015
Switzerland‘s largest bank, UBS, has agreed to pay $135 million to settle claims that it helped rig currency-exchange rates in a scheme involving some of the world’s biggest banks. The settlement announced Friday by the lead law firm in ...
GFG Market Insight – Will Gold Go Below $1,000?
March 13th, 2015
In Brief: Gold’s charts suggest this precious metal may decline below $1,100 per ounce in the near-term. If this proves true and gold’s buyers fail to step up and support gold at those levels, gold appears poised to drop quickly below ...
EU told to apologise to Credit Agricole over market rigging probe
March 13th, 2015
The European Commission has been ordered to apologise to French banking giant Credit Agricole for implying its guilt in the long-running investigation into financial market rigging before the probe had been completed. A report published on Thursday (13 March) ...
Consumer groups accuse SEC of ignoring investors
March 13th, 2015
The Securities and Exchange Commission is not fulfilling its duty to protect retail investors, particularly in how it regulates financial advisers, a number of consumer groups asserted in a letter to the agency. The eight-page letter dated March 10 outlines several ...
Citi-linked China broker’s IPO 90 times oversubscribed in $150 bln investor rush
March 13th, 2015
Orient Securities Co‘s $1.6 billion initial public offering, the largest mainland China listing since 2011, was oversubscribed by a factor of over 90 as investors scrambled for a sale boosted by new rules capping IPO prices and soaring industry profits. Under ...
ED&F Man Said to Hire Fixed-Income Team From Interactive Brokers
March 13th, 2015
Commodity broker ED&F Man Holdings Ltd. has hired a group of fixed-income traders who left Interactive Brokers Group Inc. last year, according to people with knowledge of the matter. They joined ED&F Man last week, said two people, who ...
U.S. stocks post biggest gain in 5 weeks
March 13th, 2015
Banking stocks rally after passing Fed’s stress tests U.S. stocks recorded the biggest gain in more than a month as expectations for a rate hike were pushed back following disappointing data on retail sales. Monthly sales at U.S. retailers ...
