Search Results for: financial markets
ASIC issues warning about unlicensed FX dealer YoutradeFX
November 19th, 2014
ASIC has today cautioned Australian investors against dealing with the company or group YoutradeFX for trading in margin foreign exchange (FX). ASIC advises that YoutradeFX is not regulated by ASIC, nor is it licensed to trade in margin FX ...
From Gotham City to Fidelity and Canaccord: The unfortunate tale of Quindell’s share price
November 18th, 2014
You’d be forgiven for forgetting the full detail behind the story of Quindell – here, we wrap up the last seven months of headache-inducing stories that kept the insurance outsourcer in the headlines. April 23 – Mysterious short seller Gotham ...
Dubai Parks and Resorts Launches Dhs2.5bn IPO On DFM
November 17th, 2014
Dubai Parks and Resorts, the recently-created subsidiary of Dubai-based developer Meraas Holding, which is building a mega theme park complex in the emirate, announced on Monday that it has launched its Initial Public Offering (IPO) on the Dubai Financial ...
Sydney Yuan Hub Seen Saving Importers 7% in Trading: Currencies
November 17th, 2014
Australian importers are in line for a windfall as speculation grows that Chinese President Xi Jinping will use his visit to the country this week to anoint Sydney as a yuan trading center. The ability to exchange Australian dollars ...
New Payment Systems Regulator sets out how it will regulate the £75 trillion industry
November 14th, 2014
The new Payment Systems Regulator (PSR) today sets out how it proposes to regulate the £75 trillion payments industry when it becomes fully operational on 1 April 2015. The proposals will further the PSR’s three objectives: to promote competition, ...
China Stocks Fall on Last Day Before Link Start as Brokers Drop
November 14th, 2014
Chinese stocks fell on the last trading day before the start of the trading link between Hong Kong and Shanghai amid concern recent rallies were excessive. China Communications Construction Co. (601800) and ChinaCAMC Engineering Co. led declines for industrial companies with losses of more than 3 ...
U.S. stocks slip from records; oil falls
November 13th, 2014
U.S. equity prices edged off record highs on Wednesday led by weakness in the financial sector after six global banks were fined a total of $4.3 billion for currency rigging, while the oil market sagged on concerns about a ...
Forex traders plotted strategy in secret chats
November 13th, 2014
Traders of major banks fined $4.3 billion Wednesday for attempted manipulation of foreign exchange markets used electronic chat rooms to plot their moves. Transcript excerpts of conversations released Wednesday by the Commodity Futures Trading Commission show traders from U.S. banks Citibank(C) ...
FX Transparency Partners with oneZero to Bring FX TCA to Retail Brokers
November 13th, 2014
FX Transparency (“FXT”), the largest independent provider of FX transaction cost analysis (FX TCA) to the institutional space globally, today announced a partnership with oneZero Financial Systems, a provider of institutional trade-routing software to the Foreign Exchange market, to ...
Report on role of Bank of England officials in relation to conduct issues in the foreign exchange market
November 12th, 2014
The Oversight Committee has today published an independent report by Lord Grabiner QC. This follows his investigation into whether, between 2005 and 2013, any Bank of England official was involved in, or aware of, conduct issues in the foreign ...
