Brokers News 

South Korean Brokers Report Record Earnings for H1 2018

“Securities brokerage, investment banking, and derivatives trading firm, Korea Investment & Securities Co., joins the group of brokers to report positive results” reports financemagnates.com. According to a report from Yonhap, an English-speaking local news agency in South Korea, published today, brokers such as Samsung Securities Co. and Korea Investment & Securities Co. reported record growth in earnings.Brokerage firms in South Korea have reported strong first-half and second-quarter earnings for 2018. Source: financemagnates.com Share This:

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Brokers News 

Massachusetts regulator criticizes proposed U.S. brokerage rule

“The ICI also praised the SEC’s best interest standard, but said, “The SEC should clarify when and how a broker-dealer must address conflicts of interest.”” writes Midwest Communications Inc for 95kqds.com. The SEC’s rule would require brokers to act in the best interest of customers at the time a recommendation is made, and to provide greater disclosure about conflicts of interest. Source: 95kqds.com Share This:

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Brokers News 

Antelope Systems Launches CRM System for MetaTrader 5 Brokers

“Antelope Systems, a call center software developer, announced on Tuesday that it has launched a customer relationship management (CRM) system for MetaTrader 5 brokers” reports financemagnates.com. This interface aims to give brokers access to information that will allow them to maximize their return on investments. Source: financemagnates.com Share This:

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Russian c-bank identifies 208 illegal Forex brokers in H1 2018

“The problem with illegal Forex brokers in Russia remains acute in the face of the existing Forex legislation” reports financefeeds.com. The list of these 208 entities includes foreign Forex brokers that illegally target Russian clients, as well as Russia-based companies which operate without the necessary FX dealer licenses, as required by the Russian law.The Central Bank of Russia has identified 208 illegal Forex brokers in the first half of 2018, according to Valery Lyakh, Head of the Bank of Russia’s Department for Countering Malpractice, quoted by Russian newspaper “Kommersant”. Source: financefeeds.com…

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Brokers Markets News 

Interactive Brokers increases margin requirement for Tesla

“Tesla shares were on track for a 13 percent drop for July and have fallen 4.3 percent so far this year” reports businessinsider.com. The electronic brokerage said it told clients in a memo on Thursday that it will raise its margin requirements to 30 percent for regular accounts, which typically have a 25 percent margin requirement, and to 20 percent for margin accounts, which typically have a 15 percent requirement.Roughly 35.4 million Tesla shares, or 27.95 percent of its float, are currently sold short and the cost of borrowing Tesla…

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Brokers News 

Interactive Brokers registers continued growth in pre-tax profits, revenues in Q2 2018

“Net revenues rose 33% to $443 million on the back of higher net interest income, commissions revenue and other income” reports financefeeds.com. The broker reported diluted earnings per share on net income of $0.58 for the quarter ended June 30, 2018, compared to $0.32 for the same period in 2017. Source: financefeeds.com Share This:

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Morgan Stanley manager steps down amid complaints against brokers

“NEW YORK (Reuters) – Morgan Stanley said Wednesday that Robert Perry, branch manager for the firm’s Beverly Hills, California, wealth management office, has left the firm” writes Midwest Communications Inc for 95kqds.com. Perry’s departure comes after at least two sexual harassment lawsuits were filed against brokers who worked under him over the past year, the wealth management news website AdvisorHub reported on Tuesday. Source: 95kqds.com Share This:

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Brokers News 

LMAX Global and Tools for Brokers Launch MT5 White Label Solution

“LMAX Global announced this Tuesday that it is launching a MetaTrader 5 (MT5) white label solution for brokers” reports financemagnates.com. Run in partnership with Tools for Brokers (TFB), a brokerage software provider, the white label solution will grant brokers access to all of LMAX Global’s markets, including FX, cryptocurrency, and commodities. Source: financemagnates.com Share This:

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