Search Results for: First Derivatives
ESMA reports on penalties and supervisory measures under EMIR
June 15th, 2018
The European Securities and Markets Authority (ESMA) has issued its first annual report regarding supervisory measures carried out and penalties imposed by national competent authorities (NCAs) under the European Market Infrastructure Regulation (EMIR). The report focuses in particular on ...
EU sees $23.5 Billion in revenue from financial-transaction tax
May 23rd, 2018
A proposed tax on financial transactions in 10 European Union countries could generate about 19.6 billion euros ($23.5 billion) of annual revenue, though Brexit could make collection more difficult, according to a new estimate. Derivatives account for more than ...
How has the European equity market responded and performed in the wake of MiFID II?; AMF Chairman
May 22nd, 2018
Robert Ophèle, the Chairman of the Autorité des Marchés Financiers (AMF) that regulates participants and products in France’s financial markets, gave a speech during TradeTech Europe 2018 – 25 April 2018 about “How has the European equity market responded ...
Economics 101: Who Sets Prices?
April 26th, 2018
Since the advent of nineteenth century socialism, politicians and economists in the centre ground have argued for a balanced approach, where vital services are provided by the state, and capitalism is left to provide the rest. Vital services ...
Revamped rules for EU finance: Mifid II; What is MiFID II?
January 17th, 2018
Mifid II, a major revamp of European Union finance rules took effect on January 3, 2018. Its goals: Greater transparency, competitiveness and efficiency in financial instruments, and less scope for fraud and malfeasance. What is MiFID II? It’s a ...
Bitcoin Futures Trading Begins On CBOE Futures Exchange In Chicago
December 11th, 2017
Bitcoin has begun trading on a major exchange for the first time, launched on the CBOE Futures Exchange in Chicago at 23:00 GMT Sunday, allowing investors to bet on whether Bitcoin prices will rise or fall. In the lead-up ...
Russia and China could set international gold price based on physical gold trading
December 4th, 2017
Since Russia, China, India, Brazil & South Africa are all either large producers or consumers of gold, or both, it is highly likely that the BRICS bloc they constitute could focus its cross-border gold trading network on trading physical ...
Cryptos may destabilise fiat
November 17th, 2017
The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, or the theory of exchange. It also ignores the fact ...
$6,300: Bitcoin Price Hits Record High
October 30th, 2017
The bitcoin price has set a new all-time high. Just over a week after pushing past the $6,000-mark for the first time, the world’s first cryptocurrency rose to a high of $6,306.58 on the CoinDesk Bitcoin Price Index at ...
Deutsche Bank to Pay $220 Million over Libor interest rate manipulation
October 26th, 2017
Deutsche Bank AG agreed to pay 45 U.S. states a combined $220 million to resolve a probe into interest-rate manipulation, more than twice the amount of Barclays Plc’s settlement last year. The states’ investigation found that the German bank’s ...
