Rush for shares makes Snapchat founders instant billionaires Snap Inc shares were up 44% at the end of the company’s first day of trading – giving Snapchat founders an instant pass to join the tech billionaires’ club. Market Reaction To Snapchat IPO The success of the initial public offering (IPO) means the US company now […]
Change Is Afoot The regulatory landscape for binary options has been getting tougher and tougher for the brokers, but this is a good thing. It helps keep the shady, unregulated brokers from doing too much damage and it helps promote the legitimate binary options industry. Now it looks like things are going to get even […]
Time For Pause The global markets pulled back from all time highs this week even as the Dow Jones Industrial Average set a 30 year record. The blue chip index rose for a record 10 straight sessions, a feat not achieved since 1987, and set new all time and intraday closing highs above 20,800. In […]
Reform Is On The Way Two of the biggest problems with binary options, for regulators and traders alike, is a serious lack of transparency and standardization within the industry. When it comes to transparency, it has only been very recently that legit brokers have taken the trouble to let you know who they were, where […]
Easing global tensions lift market to new all time high The US equities market broke out to new all time highs this week as easing global tensions clear the way for fundamental growth. The broad market S&P 500 broke above 2,300 for the first time, extending the secular, long, short and near term trends. The […]
The New Age Of 24Option We have learned, through a story first broken by FinanceMagnates, that leading broker 24Option has decided to drop TechFinancials as their technology provider. The company, owned by Richfielf Capital, has decided to use a proprietary and in-house system for future trading and payment processing. While the benefits for 24Option are […]
Dow Jones storms past 20,000 points for first time ever This week, the Dow Jones breezed through the 20,000 point barrier for the first time, with global markets on the whole reaching a 19-month high period. It is believed that the optimism within American markets is underpinned by President Trump’s proposed pro-business growth policies, with […]
Hawk-Eyed Regulators Are Cleaning Up The Industry If you didn’t already know, regulators are cracking down on unregulated binary options brokers, fraudulent scams and misleading marketing tactics. This month the latest round of actions include warnings, fines and more. First up is a shout out from the Danish regulatory authority, the Financial Supervisory Authority (FSA). […]
China hones in on Forex transactions to prevent money exiting abroad Long at risk of capital flight, China has begun the new year by making a stand. In a bid to prevent money exiting abroad, the country has now imposed extra requirements on citizens converting yuan into other currencies. According to the currency regulator, the […]
New Rules Are Aimed At Stamping Out Misconduct The ESMA announced last year that it would terminate bonuses and the market was non-plussed. On the one hand bonuses are a real problem when it comes to fraud, scams and your ability to withdraw your deposited money and profits. In this light their announcement was a […]