Search Results for: foreign exchange
ASIC takes action against Courtenay House Capital Trading Group to protect investors
May 2nd, 2017
Following an application by ASIC, the Supreme Court of NSW has made interim orders by consent against Courtenay House Capital Trading Group Pty Ltd (Courtenay House Trading Group), Courtenay House Pty Ltd (Courtenay House) and a number of other ...
Airwallex payments settlement provider raised $13 million in a funding round
May 2nd, 2017
Airwallex raises US$13m Series A investment from Tencent, Sequoia Capital China and Mastercard Airwallex has raised US$13 million in a Series A funding round to fuel international expansion and enable more businesses to make faster, easier and cheaper payments ...
End of empire
April 30th, 2017
“Already, China dominates world trade. Her own economy is already significantly larger than that of the US on the PPP estimates. While being the largest consumer of raw materials, China also exports more finished goods by value than any ...
Report: Unauthorised forex trader’s collapse may cost punters half billion
April 27th, 2017
The reported collapse of the JJPTR scheme may cause “investors” ― including from Malaysia ― previously promised steady monthly 20 per cent dividends to collectively lose RM500 million. JJPTR’s founder Johnson Lee, whose Penang-based forex trading company claimed its ...
Order execution solutions provider announced new director of EMEA sales
April 25th, 2017
Redline Trading Solutions, the premier provider of high-performance market data and order execution systems for automated trading, today announced Patrick Lau as Director of EMEA Sales, operating out of Redline’s office in the City of London. “Patrick’s success at ...
Euro Jumps on French Result; China Selloff Resumes: Markets Wrap
April 24th, 2017
Investors bet on Macron victory after first round of voting Yen slides, U.S. futures advance while Shanghai shares slump A relief rally amid speculation that pro-growth centrist Emmanuel Macron will become France’s next president was offset by a selloff in ...
Trading firm Virtu Financial to buy KCG for about $1.4 billion
April 21st, 2017
Virtu Financial Inc (VIRT.O) said it would buy rival KCG Holdings Inc (KCG.N) in a $1.4 billion deal that brings together two major U.S. electronic trading and market-making firms. The deal comes at a difficult time for high-frequency trading ...
Deutsche Bank AG fined $156.6 million
April 21st, 2017
The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG that will require the bank to pay a combined $156.6 million in civil money penalties. The bank will pay a $136.9 million fine for unsafe and ...
Bitcoin to gain legal status in India, reports local media
April 21st, 2017
A televised news report from CNBC India on 20th April reveals that the Indian government is leaning toward granting legality to bitcoin and virtual currencies in the country amid regulations with taxes to be levied on adopters. Last week, ...
Assets of collapsed Forex broker appeared insufficient to repay creditors
April 19th, 2017
Following last week Breaking News in relation to Auckland-based foreign exchange broker Forex Brokers collapse, today we have learned that the said collapsed broker owes creditors more than $10 million and its assets appeared insufficient to repay creditors even half a cent ...
