The euro was down intraday as investors were afraid that problems of Deutsche Bank may spill over the entire eurozone banking sector. Yet the currency managed to close above the opening level…
Posts published in September 2016
Canadian Dollar Goes Lower After Two Days of Gains
The Canadian dollar fell on Thursday after two days of gains and maintained its weakness during the Asian trading hours on Friday. One of the possible reasons for the decline of the currency was the waning support from…
Interest Rate Hike Doesn’t Help Mexican Peso
The central bank of Mexico raised interest rates on Thursday, but the market demonstrated limited reaction to the news. The Mexican peso fell during Friday’s Asian trading session, continued to be driven by concerns…
India’s Unocoin Raises $1.5m To Set National Record
Unocoin, a Bangalore based Bitcoin startup, announced today that it has raised $1.5 million in a Pre Series-A round, the highest amount ever raised for…
CFTC Imposes $1.75m Penalty on Futures and Options Trader for Fraud
The US Commodity Futures Trading Commission (CFTC) today issued a statement announcing it had filed and settled charges against Florida resident Jon P. Ruggles for…
Marex Spectron Launches NEON Technology Platform for Commodity Traders
Marex Spectron, the London-based global commodities broker, today announced the launch of NEON Platform, a trading, risk and data platform for commodity traders. Marex Spectron…
Liquidnet Fixed Income Platform Executes $3.4b Corporate Bond Trades
Liquidnet, the global institutional trading network, today issued a statement announcing that since launching in September 2015, its community of fixed income asset managers has…
Ontario Securities Commission Bans RBOptions ‘Without Exceptions’
The Ontario Securities Commission (OSC), one of the thirteen provincial financial regulators in Canada, has just updated its punitive measures against Zulutoys Limited and its…
Commerzbank to Cut 10,000 Jobs Amid Thin Profit Margins
Germany’s Commerzbank is to slash over a fifth of its workforce and suspend its dividend as it becomes the latest bank to face the challenges…
SCB China Launches Direct Trading for UAE, Saudi Currencies
Standard Chartered Bank (China) announced today that it has launched a direct trading business for RMB/AED and RMB/SR and that it has become the first…