The Securities and Futures Commission (SFC) announced that it has banned Mr Poon Chun Hing from re-entering the industry for 30 months from 18 July 2018 to 17 January 2021. The disciplinary action follows an SFC investigation which found that in July 2015, Poon offered to invest for a friend, and agreed not only to…
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B21, the mobile-focused personal wealth manager exclusively for crypto assets, has announced a partnership with Salus Alpha, a licensed and regulated investment provider for retail and institutional clients. Through this partnership, B21 will list Salus Alpha’s Smarter than Crypto (STC) top 20 by market cap index fund, an actively managed closed cap fund for retail…
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FCA regulated Prime of Prime brokerage Stater Global Markets has announced that it has added Gold-i Matrix Net as an additional liquidity distribution channel to help drive further growth. This latest development extends Stater’s partnership with Gold-i, making Stater’s liquidity available to brokers worldwide who use Gold-i’s Matrix, MT4 Bridge and MT5 Gateway products. Ramy…
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LCH, a global clearing house, has announced that it has cleared the first U.S. Dollar interest rate swaps referencing the Secured Overnight Financing Rate (SOFR). Credit Suisse, Goldman Sachs and J.P. Morgan were among the first participants to clear swaps using the new rate. This follows the June 2017 announcement by the Alternative Reference Rates…
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NEX Markets, a NEX (LON:NEX) business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announced today that BrokerTec Europe Limited has signed an agreement with BME Clearing, the Spanish Central Counterparty (CCP) operated by BME, to launch a new clearing option for BrokerTec’s existing clients. The agreement expands…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Last night, Federal Reserve Chairman Powell attended the hearing. He said that the US economy has maintained strong economic growth in the first half of the year and welcomed the Fed’s continued “gradual” rate hike, which is a hawkish remark. Although…
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Managed services provider EACS has announced that it has acquired the privately held IT services company Sentronex. Based in London, Sentronex provides high quality disaster recovery and IT managed and professional services to the UK’s City financial organisations. Founded in 2005, this company works specifically with FCA regulated businesses, using its specialist understanding of this…
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The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has just announced that it intends to open a new office in Dublin, Ireland, to continue providing an authorised regulatory reporting service for clients in the EU27 and the UK as the UK advances towards a departure…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated financial and sports spread betting company Spreadex saw significant top line Revenue growth of 17% in its latest Fiscal year ended May 31, 2018. That, following a 2017 year where Revenues were flat. Overall, Spreadex brought in £58.9 million in Revenue in 2018, as noted up 17%…
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CoinSmart.com, a new cryptocurrency exchange platform has launched and has announced that it aims to simplify cryptocurrency purchasing for Canadian investors. Designed for the “Crypto Curious” who are just entering the market, right up to experienced investors, CoinSmart makes easy the buying, selling, trading and storage of crypto assets by equipping clients with an easy-to-use interface,…
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