XTB financial results for 2016
In 2016 X- Trade Brokers Dom Maklerski recorded PLN 77,7 million of consolidated net profit, in comparison to PLN 119,0 million recorded in 2015. Only in the IV quarter the Group’s net profit has increased by 206%, i.e. to the amount of PLN 50,4...
Global Brokerage, Inc. Announces Fourth Quarter 2016 Results
Fourth Quarter 2016 Highlights & Updates:
U.S. GAAP net revenues from continuing operations of $80.6 million
U.S. GAAP net income attributable to Global Brokerage, Inc. from continuing operations of $10.7 million or $1.91 per diluted share, including a $6.4 million gain on derivative liability
...
SFC Bans Philip Leung Ming Yin For Six Months
The Securities and Futures Commission (SFC) has banned Mr Philip Leung Ming Yin, a former account executive of HSBC Broking Securities (Asia) Limited (HSBC Securities), from re-entering the industry for six months from 17 March 2017 to 16 September 2017 (Note 1).
The SFC found...
Euronext And Morningstar Collaborate In European Indices And Derivatives Launch
Euronext and Morningstar today signed a strategic collaboration to launch product creation opportunities and risk management tools, based on Morningstar Indices. This offering, which includes new European indices for blue chips, will give investors access to relevant benchmarks and related market data at lower...
SIX Develops Distributed Ledger To Automate The Bond Lifecycle
SIX Securities Services has developed a distributed ledger-based bond issuing prototype which it intends to deploy.
In late September last year, the Swiss post-trade provider entered a partnership with Digital Asset Holdings to explore the application of distributed ledger technology in financial markets.
The prototype enables...
ThinkMarkets Implements PayPal For Global Payments Coverage
ThinkMarkets, a leading provider of forex and CFD trading has enhanced its payment offering with the launch of PayPal. The new payment solution enables ThinkMarkets’ global user-base to deposit and withdraw funds through PayPal’s international network.
With the addition of PayPal as a funding method,...
Polish Integrator Empirica Software Starts Development Of Institutional Solutions For MetaTrader 5
Following Tools for Brokers, another team of software developers has announced the development of brokerage solutions for MetaTrader 5. The Polish integrator Empirica Software has become the next institutional software provider for companies using the advanced multi-asset platform. The trend becomes more visible as more...
Financial Fraud Costing UK £2 Million A Day
In 2016, the UK lost £2 million each day as a result of financial fraud, according to official figures released by Financial Fraud Action UK (FFA UK) today (16th March 2017). The figures show the overall scale of financial fraud was £768.8 million, an...
FINRA Appoints Nathaniel Stankard As Senior Advisor To The CEO
The Financial Industry Regulatory Authority (FINRA) has announced the appointment of Nathaniel Stankard as Senior Advisor to the CEO, effective immediately. In his new position, Stankard will provide counsel and strategic advice to President and CEO Robert W. Cook and FINRA’s senior management, and...
SEC, National Bank Of Belgium Agree To Enhanced Cooperation And Information Sharing Regarding Euroclear
The Securities and Exchange Commission today announced that it has entered into an arrangement with the National Bank of Belgium to enhance cooperation and information sharing regarding expanded services by Euroclear Bank, which provides clearance and settlement through its operation of the Euroclear System.
Brussels-based...
