Normally when a recognized national regulator such as Australia’s ASIC takes a Retail FX broker to court, it is a big deal. However the action just announced by ASIC against USGFX and two of its introducing brokers EuropeFX and TradeFred seems like something of an afterthought, as the parties are already well into administration and…
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Investment banking giant Morgan Stanley (NYSE:MS) has just published its financial results for the fourth quarter and full year 2021, with the Institutional Securities segment delivering record annual net revenues of $29.8 billion compared with $26.5 billion a year ago. Institutional Securities reported pre-tax income of $11.8 billion for FY 2021 compared with $9.2 billion…
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Bank of America Corp (NYSE:BAC) has just posted its financial report for the final quarter of 2021, with the Global Markets business segment marking a drop in net income. For the three months to December 31, 2021, the Global Markets segment of Bank of America reported net income of $669 million, $122 million lower than…
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Broadridge Financial Solutions, Inc. (NYSE:BR) today announced it is the first fintech provider to connect to The Depository Trust & Clearing Corporation’s (DTCC’s) new automated process for submitting instructions for voluntary corporate actions in ISO 20022 format. The newly enhanced Reorganizations service, offered by DTCC’s subsidiary, The Depository Trust Company (DTC), automates the manual process…
StoneX Group Inc (NASDAQ:SNEX) today announced that its Global Payments Division (“StoneX Payments”) has launched its new digital payments initiative, aimed at expanding the range of payments solutions it provides to its global corporate and institutional clients. StoneX plans to leverage its deep, global client relationships, proven cross-border capabilities, and substantial in-country payments services to…
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The Forex Market is open for trading 24 hours a day, 5 days a week and 20 – 22 days a month. There are however three dominant sessions in the Forex market. We which shall consider below.The three dominant trading sessions.There are basically three dominant trading sessions for trading the Forex Market known as:A. London…
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None of them responded to FCAs mandatory information requests.The British financial market regulator announced on Tuesday that it has canceled the temporary permissions of four European financial services firms that were operating under the temporary permissions regime (TPR) following Brexit . Two of these companies, Evest Limited and Arumpro Capital Limited, are based in Cyprus…
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If you’re a beginner to forex trading, you may find that there are a number of things about the market that you may not be familiar with. But before you get started with forex trading online, you will have to get the fundamentals right. That includes learning about how to trade forex, what you need…
Gland, Switzerland based online broker Swissquote (SWX:SQN) released a brief statement regarding its full year 2021 results early Thursday, entitled “Swissquote beats revenues and profit guidance with record results.” A number of forex blogs and financial news sites ran articles with titles like “Swissquote sees another record year…”, or “Swissquote pre-tax profit surges 111% in…
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The Goldman Sachs Group, Inc. (NYSE:GS) has just posted its financial report for the fourth quarter of 2021. Net revenues in Global Markets were $3.99 billion for the fourth quarter of 2021, 7% lower than the fourth quarter of 2020 and 29% lower than the third quarter of 2021. Net revenues in FICC were $1.86…
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