IG Group issued more shares, possibly as part of employee compensation, so MFS bought more shares as well to keep their holding in IG at just above 10%.
Read moreThe Tokyo Stock Exchange is closer to lengthening its trading day after an advisory panel said it should consider a separate evening session. Japan is looking to juice up its capital markets, and this would no doubt provide extra profits for online brokerages. “I’m absolutely for extending trading times,” said Masakatsu Saito, who runs Internet…
Read moreThe issuing of New Zealand's first equity crowd funding licenses could spark growth for many small to medium sized businesses. Equity crowd funding allows business to access capital by selling shares to individuals thru a regulated platform, avoiding more traditional bank lending. PledgeMe and Snowball Effect are the first providers to receive licenses from the…
Read moreCLS Group (CLS), the market infrastructure that enhances financial stability by providing risk mitigation services to the global FX market, today announced Tom Zschach is to join the company from September 1st as Chief Information Officer, based in London. Tom assumes responsibility for CLS’s technology function whilst leading and further developing the company’s technology vision.…
Read moreWinner of the ‘Best Financial Services Provider 2014’, TradeNext has built on the experience it has garnered from working in India and the emerging markets and has subsequently expanded its expertise to enhance its client offering.
Read moreOptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, today announced that an upgrade to its flagship trading platform, Metro, will be available mid-August. Metro 5.2 has extended performance with added functionality that allows traders and brokers to manage execution, risk, and efficiently navigate electronic markets. Metro 5.2 includes…
Read moreLeading online FX & CFD broker AvaTrade has confirmed that it has acquired the Australian customer book of Sydney based broker YouTradeFX. This marks another milestone in AvaTrade’s continued expansion in the ever so important Asia pacific markets. Ava Capital Markets Australia Pty Ltd, AvaTrade’s Australian subsidiary, pursued the deal with youtradeFX over several months…
Read moreTraders overall have been lamenting the low volatility, low volume environment seen in 2014, but FX traders in New York have been especially downbeat, with good cause. Semi-annual central bank FX volume data, released earlier this week from the the Foreign Exchange Committees in North America, UK, Canada, Australia, Singapore and Japan, confirmed that daily…
Read moreNomura reports results based on U.S. accounting standards. Like other Japanese brokerage firms, it doesn't release earnings projections.
Read moreWhat is meant by 'monitor' and how exactly they will provide oversight or uncover unethical practices is not quite clear yet.
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