FCA Contemplates Crackdown On Spread Betting Industry
Britain’s spread-betting firms saw a rout in the markets after regulatory body, the Financial Conduct Authority (FCA) released a consultation paper that recommends a crackdown on the contract for difference (CFD) segment. Under CFD contracts, investors speculate on the market’s
Read MoreCiti turns weak on Jefferies downgrade
The impressive fiscal 2016 third-quarter results that topped the analysts’ estimates enabled the banking and finance institution Citigroup Inc (NYSE: C) to rally by $10, or about 20%, to hit a high of $56.72 in the last week. The current
Read MoreFX Infrastructure Might Stay In London post-Brexit
Financial Industry experts believe that a hard Brexit might result in most financial firms relocating their employees who are responsible for handling London’s extensive foreign exchange operations to the European continent but the underlying forex infrastructure is likely to remain
Read MoreUpcoming Italy Referendum Turns The Euro Weaker
The victory of Trump bolstered the Greenback against other major currencies in an unexpected manner. Not surprisingly, the Euro dollar was one of the main losers. The Euro lost more than 600 pips and touched a low of 1.0518 against
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