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 BCG Wealth Group. BCG Wealth Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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European payments provider Klarna has just announced a partnership with Europe’s largest independent online beauty retailer, BEAUTY BAY. BEAUTY BAY customers will now be able to use Klarna’s Pay later service when checking out online, enabling shoppers to receive their products and pay for them up to 30 days later, with no interest or fees.…
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Deutsche Börse AG and European Central Counterparty NV (EuroCCP) announced that they have signed an agreement, which will govern the project for EuroCCP to gain access to the Frankfurter Wertpapierbörse (FWB), the Frankfurt Stock Exchange. This solution provides self-clearing exchange members and clearing agents with a choice of CCP for cash equities traded on FWB.…
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Itiviti, the global provider of multi-asset trading technology and financial infrastructure, has announced that Edelweiss Securities Limited (ESL), India’s brokerage firm has successfully deployed Itiviti’s client connectivity and high touch trading solution to support its algorithmic trading business. ESL made the decision to replace their existing system with Itiviti’s best in class modular solution to…
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As of 1 July, REGIS-TR, The European Trade Repository, announced that it has appointed new members to its Board of Directors. A member of the Board since the inception of REGIS-TR, Philip Brown has been appointed as the new chairman of the Board, succeeding Jeffrey Tessler. The new Vice-Chairman is Jesús Benito, following Jose Massa.…
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LeapRate Exclusive Interview... In our continuing series of discussions and interviews with leading figures in the Retail and Institutional FX trading scene ahead of pending ESMA rule changes (now just a week away!), we're pleased to speak today with Hayel Abu-Hamdan, Director and COO of London based Hantec Markets. What is Hantec Markets's approach to…
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Intercontinental Exchange (NYSE:ICE), an operator of global exchanges and clearing houses and provider of data and listings services, has announced that it has completed its acquisition of TMC Bonds LLC. The transaction, which was completed for $685 million in cash, will not have a material impact on 2018 financial results and will not impact capital…
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The Commission de Surveillance du Secteur Financier (CSSF) has just warned the public of the activities of an entity named Redbrook Financial Management, which claims to be established at 124 boulevard de la Pétrusse, L-2330 Luxembourg. The company is operating via the website www.redbrookfinancial.com. The CSSF has informed the public that Redbrook Financial Management is…
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The European Securities and Markets Authority (ESMA) announced that it has launched the process for renewing its Securities and Markets Stakeholder Group (SMSG) which is made up of representatives from different sectors of the financial markets – market participants, academia, consumers, investors, employees etc. – from across the European Union. The composition of the group…
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The Financial Markets Authority (FMA) has just issued a warning against a company called International Securities Exchange of New Zealand. International Securities Exchange of New Zealand Website: www.isenz-govt.org Address: 49 York Street, Parnell, Auckland 1052 Phone: +64 9 950 8782 Email: [email protected] Reason for warning: The FMA shared its concern that the “International Securities Exchange…
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