ICO flags hedge fund role in coffee price tumble
May 10th, 2017
Hedge funds are the primary cause of the drop in coffee prices which has driven both arabica and robusta futures to multi-month lows, the International Coffee Organization said, noting broad correlations in commodity moves. The ICO, which said that ...
KPMG acquires Matchi, global fintech innovation and matchmaking platform
May 10th, 2017
KPMG International has announced the acquisition of Matchi, a leading global fintech innovation and matchmaking platform that connects financial institutions, including banks and insurance companies, with leading-edge financial services technology solutions and companies worldwide. The Matchi platform includes more ...
EU tax rules are not currently prepared for the digital economy
May 9th, 2017
European tax rules are not currently prepared for the digital economy. They need to be adapted to reality in order to offer the people of Europe a more prosperous future. This was the main message of the European Economic ...
Asia-Pacific real estate funds outperform Europe and US
May 9th, 2017
Non-listed real estate funds in Asia-Pacific returned an average of 10.6% in 2016, according to the latest annual ANREV index. Amélie Delaunay, director of research and professional standards at the Association of Non-listed Real Estate Vehicles (ANREV), said the ...
Bats announces alternative to closing auctions
May 9th, 2017
Bats Market Close is an end-of-day match process for non-Bats listed securities Follows significant and persistent demand from a broad range of industry participants Bats, a CBOE Holdings, Inc. company, and the second-largest operator of stock exchanges in the ...
EBRD joins SWIFT’s Know Your Customer Registry
May 9th, 2017
In a move to facilitate global and local financial flows and ensure their transparency, the European Bank for Reconstruction and Development has signed up to use SWIFT’s Know Your Customer (KYC) Registry and is encouraging partner banks in countries ...
DCCC launches “Active Risk” Risk Management System
May 9th, 2017
The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) ...
Russian Customer Support officer
May 8th, 2017
Russian Customer Support officer Overview: Trade Finance is in our DNA. For more than 10 years, XTrade has helped global traders with access to the world’s largest and most liquid market. By offering the most innovative trading tools, hiring ...
Euro falling back steady; Markets reacted to Macron’s victory;
May 8th, 2017
The euro hit a six-month dollar high before falling back as markets reacted to Emmanuel Macron’s victory in France’s presidential election. The euro jumped to $1.1024 at one point before slipping back to $1.098. Investors had widely expected pro-EU ...
Gulf countries will return to economic growth
May 8th, 2017
The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved growth in the non-oil private sector as well as a ...
