Top Stories of the day July 01
1. Playtech is pleased to announce that its subsidiary, TradeFX Limited (“TradeFX”), has entered into a share acquisition agreement under the terms of which it will acquire the entire issued share capital of Ava Trade, an online B2C CFD broker over which TradeFX had secured an option to purchase prior to the acquisition of TradeFX by the Playtech Group.
Read also: OSB Daily Technical Analysis-Currency Pairs
2. Exness has issued a press release to inform that, due to the uncertain economic situation of Greece, at 17:00 GMT/UTC on Friday, 3 July 2015 (i.e. five (5) hours before the market closes) the leverage will be set to 1:100 thus increasing the margin requirement to 1%.
3. Greek Prime Minister Alexis Tsipras accepted creditors’ proposals as a basis for compromise to end a standoff over its bailout.
In a letter to European Commission President Jean Claude Juncker, European Central Bank President Mario Draghi and International Monetary Fund Managing Director Christine Lagarde, Tsipras signaled sticking points remain on pensions and tax discounts to Greek islands.
4. The Securities and Exchange Commission charged Goldman, Sachs & Co. with violating the market access rule in connection with a trading incident that resulted in erroneous executions of options contracts.
Goldman Sachs agreed to pay a $7 million penalty to settle the charges.
Read also: OSB Daily Cheat Sheet
5. The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing. The global financial system has been transformed into a delicately balanced pyramid of glass that is not designed to handle turbulent times. We should have never allowed the shadow banks to run wild like this, but we did, and now in just a short while we are going to get to witness a financial implosion unlike anything the world has ever seen before.
By OneStopBrokers
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