CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has just announced its Interim Financial Report, releasing record traded volumes in CLSSettlement, but reporting a loss for the six months to 30 June 2018 from a financial perspective. The complete message from Ken Harvey, David Puth and Trevor Suarez…
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Global index provider FTSE Russell has informed the public that it has reclassified Poland from Emerging Market to Developed Market status on 24 September 2018. With the upgrade, Poland is classified as one of the 25 most advanced global economies including the USA, UK, Germany, France, Japan, Australia. Furthermore, Poland is the first country in…
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Suppliers, refiners and end users of U.S. crude oil will have a new way to price and hedge WTI light sweet crude oil in Houston beginning in Q4 2018. Derivatives marketplace CME Group will offer a new WTI Houston Crude Oil futures contract with three physical delivery locations on the Enterprise Houston system, pending regulatory…
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NEX Group (LON:NXG), a financial technology company at the centre of global markets, has announced today that it has agreed commercial terms with a number of investors to invest new funds into NEX Exchange. The new funds will be retained by NEX Exchange, where they will be used to develop and grow the business. Completion…
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Juventus Football Club S.p.A., colloquially known as Juve, has just announced a multi-year strategic global partnership with blockchain-based fan engagement platform Socios.com and has also unveiled plans to launch the 'Juventus Official Fan Token' to its global fan base. With more than 340 million supporters worldwide and a global, digital fan base that exceeds 60…
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The Agency for the Cooperation of Energy Regulators (ACER) and the Energy Community Regulatory Board (ECRB) have organised on 21 September in Rome a joint workshop to discuss the status of the implementation of the EU Regulation on capacity allocation and congestion management Capacity Allocation. The aim of the workshop was to tighten cooperation with…
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The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Mizuho Bank, Ltd. (Mizuho) for engaging in multiple acts of spoofing in a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade, including futures contracts based on United States Treasury notes and Eurodollars. The…
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LCH, the global clearing house, has just announced that Kate Birchall has been appointed Head of Asia Pacific, LCH Ltd, effective 15 October 2018. Based in Sydney, Birchall will report to Martin Pluves, CEO, LCH Ltd. Kate Birchall will be responsible for LCH’s business in Asia Pacific, including the CCP’s existing OTC derivatives clearing operations…
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The Financial Services Commission, Mauritius (the FSC Mauritius) has just informed the public that Quasar Capital Corporation Ltd has surrendered its Investment Adviser (Unrestricted) License in accordance with section 28(5) of the Financial Services Act (the FSA). Quasar Capital Corporation Ltd is registered at Level 3, Ebene House, Hotel Avenue, 33 Cybercity, Ebene. Pursuant to Section…
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The Council of Financial Regulators (CFR) has today released an Issues Paper: Review of Retail Payments Regulation: Stored-Value Facilities. The Issues Paper is part of a review into the regulatory regime for ‘stored value facilities’, which are payment products that allow users to pre-load money for future purchases (such as a travel money card). While…
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