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London Stock Exchange Group profits rise and is on course to complete Frank Russell acquisition in weeks
November 13th, 2014
London Stock Exchange (LSE) Group has reported a pre-tax profit of £136.8m for the half-year ended 30 September, up from £116m the same time last year. The FTSE 100 company enjoyed an 18 per cent rise in revenue to ...
Technical Analysis : Commodities – Nov 13
November 13th, 2014
Technical Analysis for November 13, 2014 XAU/USD (GOLD) XAU/USD has been trading around 1130 – 1180 level. No major changes are expected in short term and long term downtrend still intact in XAU/USD chart. A higher leg above 1185 ...
Technical Analysis: Currency pairs – Nov 13
November 13th, 2014
Technical Analysis for November 13, 2014 EUR/USD The last movement from the market was holding the price around 1.242, Currently EUR/USD still moving sideways at 1.24 – 1.25 level. The last movement from the market can’t break 1.251 resistance ...
Fed investigating bank conduct in forex markets
November 13th, 2014
The U.S. Federal Reserve is investigating possible improper conduct in foreign exchange markets by large banking institutions, a spokesman said on Wednesday. “The Federal Reserve is continuing to investigate in the foreign exchange markets in coordination with other authorities, including the Department of ...
Pimco Total Return Fund decreases U.S. government holdings in October
November 13th, 2014
The Pimco Total Return Fund, whose long-time manager Bill Gross unexpectedly departed on Sept. 26, ended October with a slight decrease in U.S. government-related holdings and a slight increase in mortgages, the first full month under the portfolio’s new ...
FX Transparency Partners with oneZero to Bring FX TCA to Retail Brokers
November 13th, 2014
FX Transparency (“FXT”), the largest independent provider of FX transaction cost analysis (FX TCA) to the institutional space globally, today announced a partnership with oneZero Financial Systems, a provider of institutional trade-routing software to the Foreign Exchange market, to ...
OPEC’s Colluders Are in a No-Win Situation
November 12th, 2014
Economists will tell you that cartels are hard to keep alive. They work when everyone in the cartel holds down production to keep the price artificially high (and punish customers). But there’s a huge incentive to exceed one’s quota. ...
SWIFT addresses the Know Your Customer’s customer compliance challenge
November 12th, 2014
New ‘SWIFT Profile’ is the first in a series of additional value-added Know Your Customer Services linked to the KYC Registry. SWIFT has announced the development of the SWIFT Profile, a report that provides an overview of an institution’s ...
FATCA Letters Promise Disclosure To IRS, What To Do?
November 12th, 2014
If you have a bank account anywhere outside the U.S., chances are you will receive a letter saying that your bank must hand over the details of any American accounts, including yours. The letters vary with the country and ...
Report on role of Bank of England officials in relation to conduct issues in the foreign exchange market
November 12th, 2014
The Oversight Committee has today published an independent report by Lord Grabiner QC. This follows his investigation into whether, between 2005 and 2013, any Bank of England official was involved in, or aware of, conduct issues in the foreign ...
