Crypto News 

FCA: Crypto Scams are Tricking Traders With Fake Celebrity Endorsements

“Along with the cautionary note on cryptocurrency scams, the UK regulator also added three firms to its warning list today” reports financemagnates.com. Cryptocurrency fraudsters tend to advertise on social media, often using the images of celebrities or well-known individuals to promote cryptocurrency investments.The Financial Conduct Authority (FCA) has warned that cryptocurrency scams are using images of celebrities and London addresses from wealthy areas to trick investors into investing with dodgy companies.According to the statement from the FCA: “UK consumers are being increasingly targeted by cryptocurrency-related investment scams. Source: financemagnates.com Share This:

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Crypto News Platforms 

New Trade Calculator from SimpleFX…

“Leading Forex and Cryptocurrency CFD broker SimpleFx just added a new trade calculator to its BETA web trader platform (app.simplefx.com)” writes Live Bitcoin News for livebitcoinnews.com. With web trading becoming more complex by the day, traders find it difficult to decide which trade will reduce loss and maximize profit.The new calculator does all the work, helping traders become better informed about trading conditions before they open a trade.SimpleFX, they point out,  requires no minimum deposits, allows trading 24/7, and has a community forum where traders can learn from each other.The…

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Citigroup settles U.S. charges of bad controls that led it to lose millions: SEC

“The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto Thomson Reuters WASHINGTON (Reuters) – Citigroup has agreed to pay $10.5 million to settle charges related to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, and to trader mismarking and unauthorized proprietary trading by Citigroup Global Markets Inc. from 2013 to 2016, the Securities and Exchange Commission said on Wednesday” reports businessinsider.com. The SEC said the “fraudulently-induced loans” to Oceanografia that led to $475 million in losses were the result of…

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The Turkish Gambit: Deutsche Bank Traders Profit from the Financial Crisis

“Fixed-income traders from Deutsche Bank AG have earnt a $35 million profit in two weeks due to the dramatic fall in the Turkish lira (TRY) over the past few days” reports financemagnates.com. The traders at Deutsche Bank work on a desk focused on Central and Eastern Europe, the Middle East and Africa (CEEMEA).In the wake of the financial crisis in Turkey, the team was ready and positioned to profit from any slump in asset prices, the report says. Source: financemagnates.com Share This:

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Can Robots Replace Day Traders on Wall Street?

“Apart from specialist niche trading sections where corporations engage in high frequency trading, day trading by robots fails time and time again” reports financemagnates.com. For that reason and others, day traders still do a better job than any day trading algorithm.This piece provides insight into why algorithm trading won’t necessarily render human traders useless on Wall Street.Yet day traders continue to remain an integral part of the stock trading markets globally.However, many of these AI are not proprietary and the market data sets are certainly not under the monopoly of…

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Patrick Dempsey cast in TV adaptation of financial thriller Devils

“Patrick Dempsey is stepping into the world of finance for a new TV thriller based on bestselling novel Devils” reports hollywood.com. The former Grey’s Anatomy star will feature in the small screen adaptation of ex-Italian banker Guido Maria Brera’s book of the same name, about a group of investment traders who uncover a global financial conspiracy during the European debt crisis, which began unfolding in 2008. Source: hollywood.com Share This:

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Markets News 

DOJ wants to be able to refer to bank guilty pleas in case against FX Cartel

“The bank guilty pleas in question are the guilty pleas in FX market manipulation actions targeting the parent companies of the banks where the defendants worked” reports financefeeds.com. Among those facts is the bank’s guilty plea, admitting that the defendant’s conduct was criminal.This strategy opens the door to Government rebuttal evidence, including the bank guilty pleas.The Government opposes, inter alia, the defendants’ motion to exclude any reference to bank guilty pleas; motion to exclude evidence and argument concerning “spoofing”; and the defendants’ motion to exclude evidence of alleged non-compliance with…

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News Platforms 

IG unveils new feature for ProOrder automated trading users of ProRealTime

“To set this feature up, one has to launch ProRealTime and head to Options > Trading options > Automated trading > Email notification: An example of recent changes due to client feedback concerns PRT too” reports financefeeds.com. In the new IG Trading platform, traders can find ProRealTime by clicking a market’s name above its chart.The advanced charting package includes more than 100 indicators covering everything from price to volatility, as well as an improved interface fully integrated with the new IG Trading platform.This new feature is available on charts for…

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Indian regulator clears Walmart’s $16 billion acquisition of Flipkart

“NEW DELHI (Reuters) – India’s antitrust regulator on Wednesday approved U.S. retail giant Walmart Inc’s $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc Betonville, Arkansas-based Walmart announced in May it was acquiring about 77 percent of Flipkart for roughly $16 billion, the biggest deal in India’s ecommerce sector, which Morgan Stanley has estimated will grow close to an annual $200 billion in a decade” writes Midwest Communications Inc for 95kqds.com. An Indian body of Traders Confederation of All India Traders had opposed…

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Markets News 

One dirty word keeps popping up as Wall Street weighs the next market crash — and it should strike fear into the hearts of investors everywhere

“At the root of the issue is a dirty word that’s been showing up in Wall Street commentary with frighteningly increased regularity: liquidity “ writes Joe Ciolli for businessinsider.com. And no matter where you look in the market, liquidity is evaporating.A recent Wall Street Journal report showed that traders are finding it more difficult to move in and out of European corporate debt, as well as emerging-market government and corporate bonds.In the bond market, liquidity has become an international issue. Source: businessinsider.com Share This:

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