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Fintech startups in Indonesia flourish in 2016
January 10th, 2017
Fintech startups flourish in 2016, mostly in lending Financial technology (fintech) startups mushroomed in 2016, with the number of businesses in the segment soaring last year, according to the Financial Services Authority (OJK). As many as 135 fintech startups ...
CySec fined Administrative Services Provider for €15.000
January 10th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the Board of the Commission at its meeting held on December 05, 2016, decided to impose a total administrative fine of €15.000 on the ASP ...
Company and individuals to pay over $11.6 million for Forex Fraud Scheme
January 10th, 2017
Federal Court Orders Defendants EJS Capital Management, LLC, Alex Vladimir Ekdeshman, and Edward J. Servider to Pay $11.6 Million in Sanctions for Forex Fraud Scheme Relief Defendants Alisa Ekdeshman, Executive Services of Florida, LLC, Executive Management of Montana, Inc., ...
Grant Thornton reports record global revenues
January 9th, 2017
Grant Thornton today announced total combined record global revenues of US$4.8bn for the financial year ended 30 September 2016. Revenues at Grant Thornton member firms grew 7.8% measured on a local currencies basis, and at 3.3% when measured in ...
FMQ breaks $15 trillion
January 9th, 2017
Since August 2014, bank reserves at the Fed have fallen by $646.6bn, while the sum of cash, checking accounts and deposits held by the public has risen by $1990bn. The fiat money quantityi has now breached the $15 trillion ...
US arrests VW executive on fraud charges
January 9th, 2017
The Federal Bureau of Investigation has arrested a Volkswagen executive who faces charges of conspiracy to defraud the United States, two people with knowledge of the arrest said on Sunday, marking an escalation of the criminal investigation into the ...
Why an Ex-employee sues Snapchat?
January 6th, 2017
A former employee has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its initial public offering, the Hollywood Reporter said citing a court document. In the lawsuit filed on Wednesday ...
CBOE Holdings Reports Trading Volume for December and Full Year 2016
January 6th, 2017
CBOE Holdings, Inc. (NASDAQ: CBOE) today reported December and full-year 2016 trading volume and average revenue per contract (RPC) data on its website under the Quotes & Data section. The data sheet, with a complete overview of 2016 trading ...
Bitcoin hits a record high, but can it rival gold as a safe haven?
January 5th, 2017
With economic and geopolitical risks on the rise, bitcoin boosters are championing the ability of their crypto-currency, which hit an all-time high this week, to rival gold as a safe-haven play. “When the existing money system has problems, people ...
CME Group Reached Record Average Daily Volume of 15.6 Million Contracts in 2016
January 5th, 2017
CME Group Reached Record Average Daily Volume of 15.6 Million Contracts in 2016, up 12 Percent from 2015 Annual average daily volume records reached in Interest Rates, Energy, Agricultural Commodities, Metals, Total Options and Electronic Options Fourth-quarter 2016 volume ...
