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 Cap Governance LLP. Cap Governance LLP is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Luxembourg based private label fund manager Axxion S.A. has built up a 5% ownership position in FCA regulated Retail CFD broker Plus500 Ltd (LON:PLUS). The stake, totaling 5,808,270 Plus500 shares, are worth about £82.3 million (USD $107 million) and represent 5.1% of Plus500's outstanding shares. The move…
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NEX Regulatory Reporting, a NEX Group (LON:NXG) business which provides regulatory reporting services across global regimes, has announced today that it has launched a new solution for derivatives transaction and position reporting under ASIC’s (Australian Securities and Investments Commission) OTC derivatives trade reporting requirements. The ASIC solution expands NEX Regulatory Reporting’s global reporting coverage and…
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The Securities and Exchange Commission (SEC) has announced that Connecticut-based United Technologies Corporation will pay $13.9 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by making illicit payments in its elevator and aircraft engine businesses. According to the SEC’s order, United Technologies subsidiary Otis Elevator Co. made unlawful payments to…
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Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has reported record Revenues amid continued growth in the first half of 2018. Overall, SafeCharge brought in $66.8 million in Revenues, up 14% from 2H-2017 and up 26% from the previous year's first half. Financial highlights for 1H-2018 Revenue growth of 26% to US$66.8 million…
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New Zealand’s exchange (NZX) has informed that it has signed a memorandum of understanding (MoU) with Nasdaq. This memorandum demonstrates the commitment both exchanges have to work more closely to connect their capital markets for the benefit of companies and investors in each country. NZX Chair James Miller commented: We are pleased to have extended…
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Bitcoin is definitely taking a plunge these days. The cryptocurrency is trading for around $6,500 at the time of this writing. Even hodlers seem anxious to see what will happen with the "people's currency". Walmart, on the other hand, is selling a different kind of Bitcoin - the Frankford ones - for as little as…
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The following article was written by Reem Aboul Hosn, Research and Market Analyst Officer at Credit Financier Invest (CFI) Ltd. After three years of asset purchases, negative Interest Rates and cheap loans, the European Central Bank could ease inflation in the euro area back on track. 2019 is the time to gradually slow down those…
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Vela, the independent provider of trading and market access technology for global multi-asset electronic trading, has announced the successful rollout of the latest version of SMDS, its flagship ticker plant software, to all clients globally. This marks a significant milestone in Vela’s 2018 roadmap, delivering a number of key client-driven enhancements across the full Vela…
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The Derivatives Service Bureau (DSB) has announced plans for the creation of a strategic technology roadmap for OTC derivative identifiers. The DSB is a fully automated generator of International Securities Identification Numbers (ISINs) for OTC derivatives. The DSB is the first numbering agency designed to operate on a global basis to meet the particular requirements…
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