The company earned $816 million before tax, with an adjusted income of $831 million. This is a substantial increase from the $689 million income before tax (adjusted to $671 million) reported in the corresponding quarter of the previous year. Diluted earnings per share were reported at $1.48, with an adjusted value of $1.52, showing a…
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Details of the fraud The US regulator alleges that defendants misappropriated funds from the pool participants and used them to pay personal expenses and to trade commodity futures and options in personal trading accounts. The trading was unprofitable and resulted the pool participants ended up losing money. However, the defendants falsely informed them their investments…
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The foreign exchange market is unique in one respect in that it is unlike any regulated national exchange, where transparency is apparent for all transactions. The forex market, on the other hand, has always been a broad based over-the-counter (OTC) networked system that relies upon credit relationships. As such, it is often difficult to get…
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Zero-commission online brokerage Robinhood, which launched three years ago with plans to shake up the US (and eventually international) online brokerage market, has announced the launch of commission-free options trades. Robinhood began with a limited release of its options trading today, with plans to expand to what it calls a "full release" early in 2018.…
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Global broker Saxo Bank just announced that it is launching a combination order ticket for all clients trading contract options. The combination order ticket will enable clients to deploy multi-legged option strategies by simultaneously placing orders to buy and/or sell different options from the same order ticket. Georgio Stoev, Futures and Listed Options Product Manager,…
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Provider of futures and options trading and analytics solutions OptionsCity Software has just announced a brand new mobile version of its cloud-based futures trading platform, CityTrader. CityTrader Mobile offers the same intuitive functionality as its desktop counterpart, such as futures and options trade execution, custom spread-building and RFQs, with the ease of an on-the-go iPhone…
Read moreProvider of futures and options trading and analytics solutions OptionsCity Software announced today that international clearing and market access provider G. H. Financials has selected OptionsCity Metro as the primary risk management tool for its options clearing operation. G. H. Financials’ risk management team will leverage Metro’s analytics to evaluate and monitor its risk on…
Read moreLess than two months after Canadian provider of online trading and investment services Questrade announced its partnership with WooTrader, the broker unveils a new addition to its partner centre. The latest addition is web-based, options trading tool Magenta Trader which seeks to simplify the process of finding potential options trades. By using historical seasonal data from…
Read moreMulti-asset trading and investment services provider Saxo Bank has recently expanded its product offering via the addition of weekly options on VIX (VIX Weeklys). The main purpose of the new instrument is to provide traders with the opportunity to trade on the short term instead of only monthly or longer dated options. VIX Weeklys can be…
Read moreOptionsCity has just released a new version of its low-latency options trading platform, Metro 6.1. The upgraded solution offers improved efficiency of data processing for an enhanced user experience. In this version, the company implemented Volatility Curve Dimension for additional modeling functionality and a redesigned Order Ticket. In general, Metro 6.1 offers better server/client reliability…
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