MiFID II is nearly two weeks away from taking effect, though this has not stopped the European Securities and Markets Authority (ESMA) from clarifying some…
Posts published in December 2017
USD/CAD Stable, Other CAD-Crosses Weak
The Canadian dollar was stable against its US counterpart but fell against other most-traded currencies today, most likely dragged down by crude oil prices. Foreign investment in Canadian…
Sources with knowledge of the matter have shared with Finance Magnates that a number of brokers are materially reducing their exposure to cryptocurrencies. After the…
EUR/USD Rallies After Final Estimate of November CPI
The euro gained on the US dollar today, finding help in domestic macroeconomic data and the weakness of the greenback. The shared 19-nation currency also rallied against the Japanese yen but fell against other most-traded…
Spanish Regulator CNMV Exposes Two Unregulated Brokers
The Comision Nacional del Mercado de Valores (CNMV), the financial regulatory body of Spain, announced today in a statement that it has added to its…
GAIN Capital Adds to Broker Worries About Low Maximum Leverage
The parent company of Forex.com and City Index, GAIN Capital, has announced the market open in the US, outlining its concerns about new upcoming ESMA…
CySEC Issues MiFID II Implementation Reminder to All Regulated Firms
Regulators, brokers, and venues across the bloc are gearing up for the upcoming passage of MiFID II legislation, which will change the rules of the…
Estonia to Launch its Own Cryptocurrency
The government of the tiny Baltic nation Estonia launching a state-sponsored cryptocurrency to integrate the booming crypto economy into the country’s mainstream economic system. In…
Vitalik Buterin, founder of Ethereum, has published an essay on his blog entitled “Notes on Blockchain Governance”. In this article I will offer a brief…
Swissquote Now Offers Four New Cryptocurrencies for Trading
Today, Switzerland-based online banking service provider Swissquote launched four more cryptocurrencies on its trading platform – Bitcoin Cash, Ether, Litecoin, and Ripple. It already offers…