Daily Archives: 13/07/2016
ICAP published its Trading Statement;Positive momentum from investment in new products
July 13th, 2016
Positive momentum from investment in new products EBS BrokerTec wins contract to deliver technology to CFETS Transaction with Tullett Prebon on track to complete later this year ICAP plc (IAP.L), a leading markets operator and provider of post trade ...
FCA has fined Towergate and former director for more £2m
July 13th, 2016
The Financial Conduct Authority (FCA) has today fined Towergate Underwriting Group Limited (Towergate) £2,632,000 for failings in relation to its protection of client and insurer money. Towergate, an insurance intermediary which holds both client and insurer money, accumulated a ...
Digital currency Steem soars 1,000% in value in two weeks
July 13th, 2016
Currency behind social media website Steemit, in which users are rewarded or paid based number of ‘thumbs up’, has rocketed to more than $150m in value Steem, the digital currency behind the new social media website Steemit, soared more ...
Revolut breaks UK crowdfunding record with over £12 million pledged
July 13th, 2016
Money transfer fintech startup Revolut attracted over £10 million in pledges just ten hours into a seven-day crowdfunding round aimed at raising £1 million. By Tuesday evening, Revolut pledges had already hit £12.9 million from 6,627 people, all registered ...
ISE Holdings Reports Business Activity for June 2016
July 13th, 2016
ISE’s options exchanges combined to represent 15.2% of equity options market share, excluding dividend trades. ISE’s options exchanges reported a combined ADV of 2.2 million contracts. Dividend trades made up 0.4% of industry volume in June 2016. The International Securities ...
Pound rallies as UK political storm subsides
July 13th, 2016
Sterling climbed for a fourth consecutive trading session on Wednesday as Theresa May gets ready to become Britain’s new prime minister, removing the political uncertainty over the Conservative Party’s leadership. The British currency rose to $1.3326 on Wednesday, its ...
What Brexit means for accountants
July 13th, 2016
Shortly after the UK voted for Brexit on 23 June, sterling hit a thirty year low against the dollar and the UK has had its credit rating downgraded by two different agencies. It is currently unclear whether these repercussions ...
SEC: Citigroup agreed to pay a $7 million penalty in relation with information of trades it executed
July 13th, 2016
The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete ...
Euronext to offer MiFID II-compliant Trade Publication and Transaction Reporting Services
July 13th, 2016
Euronext announced it will enhance its Trade Publication and Transaction Reporting Servicesto allow investment firms to meet the new regulatory requirements specified under MiFID II. MiFID II comes into effect in January 2018 with the aim of improving the ...
Elliott Wave Analysis: USD Index Aiming For 98 Zone
July 13th, 2016
On USD index daily chart we are observing a big sideways pattern since start of 2015; it’s slow, sideways and overlapping price action which is a personality of a contra-trend movement that can be completed now. We see it ...
