Archives
Nomura Is Latest Bank to Stop Clearing Swaps as New Rules Bite
May 14th, 2015
Nomura Holdings Inc. will no longer act as a middleman to allow clients to guarantee their swap trades with a clearinghouse, the latest bank to exit the business as new rules increase risks and costs in the $630 trillion ...
Thursday May 14: OSB G10 Currency Pairs Cheat Sheet & Key Levels
May 14th, 2015
OSB Daily G10 Currency Pairs Cheat Sheet & Key Levels for May 14. EURUSD Open 1.1213, High 1.1382, Low 1.1202, Close 1.1354, 1.26% Change. GRBUSD Open 1.5669, High 1.5768… View table below
ASIC blocks forex broker’s IPO
May 14th, 2015
The corporate watchdog has blocked the potential float of an online foreign exchange broker, FX Primus, as concerns mount about the prevalence of brokers setting up shop in Australia to target forex punters in the region. FX Primus Group ...
Law firms struggle with over-capacity and new competitors
May 14th, 2015
Although the recession has eased and business levels and confidence is noticeably higher, law firms are still battling for growth in the face of competition from the profession and from external organisations. Altman Weil’s seventh annual Law Firms in ...
Greece, Troika Talking Through Single VAT Rate
May 14th, 2015
Greece is under pressure to adopt a single rate of value-added tax, in ongoing talks with the troika of international lenders. The International Monetary Fund has proposed that Greece should adopt a value-added tax rate of 18 percent, which ...
Hotspot cuts trading fees with “Hot List” pricing for more than 30 currency pairs
May 14th, 2015
Hotspot, a leading institutional foreign exchange (FX) market owned and operated by BATS Global Markets (BATS), today announced plans to eliminate liquidity removal fees for customers in more than 30 select currency pairs, beginning 1st June 2015. The “Hot ...
CloudFX unveils CloudSelect 2.0
May 14th, 2015
CloudFX has launched an updated Cloud Service Brokerage (CSB) platform called CloudSelect 2.0, which is targeting small-to-medium sized businesses (SMBs), small brokers, financial institutions, and so forth. The new CloudSelect 2.0 offering is intended to simplify the design, deployment ...
Moscow Exchange announces 1Q 2015 results
May 14th, 2015
Moscow Exchange (MOEX) today announces its financial results for the first quarter (1Q) 2015 according to International Financial Reporting Standards (IFRS). Strong earnings growth was driven by fees and commissions generated by Money Market and Depository and Settlement Services, as well as higher net ...
ESAs publish responses to consultation on Guidelines for cross-selling practices
May 14th, 2015
These Guidelines developed by the Joint Committee of the ESAs further develop how EU firms engaged in cross-selling practices in the financial sector should comply with the general conduct of business standards expected towards customers. Their aim is to ...
Playtech seals deal for online trading platform AvaTrade
May 14th, 2015
Israeli billionaire Teddy Sagi’s Playtech, a provider of online gaming and sports-betting software, has bought currency trading platform AvaTrade, a source with knowledge of the deal said on Wednesday. The purchase exercises an option held a month ago when ...
