Search Results for: Markets
Leading global brokerage company, BGC Partners Inc., extends all-cash tender offer to acquire GFI Group
January 8th, 2015
BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “the Company,” or “BGC”), a leading global brokerage company primarily servicing the financial and real estate markets, today announced that it has extended the deadline for its fully financed, all-cash tender offer ...
MTS and B2SCAN launch initiative to enhance liquidity in credit market
January 7th, 2015
Improves buy-side access to pre-trade information Initiative gains broad buy-side support MTS, one of Europe’s premier fixed income trading venues, has launched an initiative with B2SCAN, an aggregator and search engine of bank inventory, runs and axes for the ...
HSBC survey: China’s GDP growth to fall to new low, Brazil seen heading back to recession
January 7th, 2015
Output growth picked up in major emerging markets in December led by India, but was subdued overall with China seen slowing further and Brazil likely falling back to recession, an HSBC survey showed on Wednesday. The HSBC Emerging Markets Index rose to a ...
Oil prices hit fresh lows, no end in sight to slump
January 7th, 2015
Oil prices hit fresh five-and-a-half-year lows on Wednesday as global business growth slowed to its weakest level in a year and analysts said a building supply glut meant that more falls were likely before a rebound. The pace of ...
FCA warning against unauthorised firm
January 7th, 2015
The Financial Conduct Authority (FCA), the British regulator, has issued a warning against “AGF Markets” (www.agfmarkets.com). The warning recommends that the public exercises extreme caution when dealing with this company, since is not permitted to provide any financial services or ...
Euro hits fresh low before inflation trial, bonds boom
January 7th, 2015
The euro hit a nine-year trough today as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt. From Japan to Germany to Australia, government borrowing costs reached all-time lows as oil fell 10 percent in just ...
Intercontinental Exchange Launches Clearing for Additional Sovereign CDS Instruments
January 7th, 2015
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced that ICE Clear Credit and ICE Clear Europe are introducing credit default swap (CDS) clearing for additional sovereign single names, beginning today. ICE Clear Credit ...
Oil hits five and a half year low under $55 on supply glut
January 5th, 2015
Oil prices dropped to fresh 5-1/2-year lows on Monday on worries about a surplus of global supplies and lackluster demand. Russia’s oil output hit a post-Soviet high last year, averaging 10.58 million barrels per day (bpd), up 0.7 percent ...
Acquisition of real-time foreign exchange solutions provider by Broadridge Financial Solutions
January 5th, 2015
Broadridge Financial Solutions, Inc. (NYSE:BR) has acquired TwoFour Systems LLC, a provider of real-time foreign exchange solutions for banks and broker-dealers, to address the rising demand for advanced FX and cash management technology among financial institutions. TwoFour Systems LLC ...
Bitcoin Review: Bitcoin’s New Year Starts With a Crash
January 5th, 2015
Bitcoin‘s price crashed over the weekend, losing $51 over two days. It opened on Saturday at $314.59 and closed Sunday at $263.63, according to the CoinDesk Bitcoin Price Index. The plunging price got market watchers chattering as Sunday drew to ...
