The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has published its response to the European Securities and Markets Authority’s (ESMA) consultation paper proposing amendments to the tick size regime in the EU with reference to third country (or, non-EU) instruments. A summary of the WFE’s response is below: Coordination…
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Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader and recent addition to the S&P 500 Index, has just announced that it has launched a new solution to support investment firms with their MiFID II ex-post reporting obligations outlined under Article 50 of the Delegated Regulation. This latest solution is part of a suite of…
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Exegy Inc., the provider of managed services and low-latency technology for market data normalization and distribution, and Transaction Network Services (TNS), a global managed data communications and interoperability solutions company, have announcd a partnership in offering a global FX trading platform. The new offering combines TNS’ excellence in market connectivity and hosting solutions and Exegy’s…
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Estonia based Retail FX brokerage firm Admiral Markets Group AS has announced further expansion of the range of accessible markets on our flagship Admiral.MT5 account. Starting today, the broker's Professional clients may enjoy priority access to live trading in Admiral Markets' CFD on copper as well as in seven agricultural commodity CFDs: cocoa, coffee arabica,…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm St. James’s Place. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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Huobi Group, the global blockchain asset financial service provider, has announced its plan to expand into Indonesia. The new exchange will list 123 tokens and incorporate a two-factor authentication (2FA) to help secure each digital asset. The Huobi Indonesia Digital Currency Exchange is built on Huobi Cloud platform and will cover Indonesia, while serving the…
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Multi-asset execution and order management systems company FlexTrade Systems has just announced it is working with Australian-based, online broker Bell Direct to use FlexOMS to facilitate Smart Order Router Algo strategies for the Australian market (ASX and Chi-X Australia). According to Lee Muco, COO of Bell Direct, choosing FlexTrade was a strategic choice. We needed…
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The Securities and Futures Commission (SFC) has welcomed the appointment by the Chief Executive of Mr Tim Lui Tim-leung as the Chairman of the SFC for a term of three years from 20 October 2018. Mr Lui will succeed Mr Carlson Tong, who will step down next month having chaired the SFC for six years…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Blue Trading. Canadian securities regulator the British Columbia Securities Commission (BCSC) has also warned against the entity earlier this year. Blue Trading is not authorised by…
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The Securities and Exchange Commission (SEC) has announced that it has charged a group of 10 individuals and 10 associated entities for their participation in long-running fraudulent schemes that generated over $27 million from unlawful stock sales and caused significant harm to retail investors who were left holding virtually worthless stock. According to the SEC’s…
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