The European Securities and Markets Authority (ESMA) has announced that it is issuing a Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the United Kingdom withdrawing from the European Union. As there is no assurance that a…
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Information giant Thomson Reuters (NYSE:TRI) has today announced that it has been approved as an authorized Benchmark Administrator under the EU Benchmarks Regulation (BMR) which came into effect on January 1, 2018. As an authorized administrator, Thomson Reuters Benchmark Services Limited (TRBSL), a subsidiary responsible for certain benchmarks and indices, is now certified to continue…
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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 Leadernet OU t/a FXLeader. Leadernet OU t/a FXLeader is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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DBS Bank and Singapore Exchange (SGX) have announced a three-year collaboration to provide retail investors with the knowledge, skills and tools to aid financial decision-making and kick-start their investment journey. Targeted at NIBIs (Not Invested But Interested), the “FLY with DBS and SGX” collaboration will leverage DBS’ data-driven approach for a seamless and customised learning…
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Tempo, the crypto payment network simplifying the exchange process from crypto to fiat, has just announced that it is creating a payment network of any licensed crypto exchange globally. Operating on the Stellar DEX as the principal European anchor for Stellar, Tempo brings ease to crypto trading by facilitating the process on its online platform…
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The following article was written by Ramy Abouzaid, Head of Research at ATFX, UAE. Risk appetite hit as US warns of more tariffs on Chinese goods Global Economic Indicators This Week’s Economic Calendar Asian indices under pressure, yuan falling sharply against the US dollar The United States said it would impose tariffs on an extra $200…
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IdentityMind Global has announced that HBUS, which operates an online virtual currency marketplace in the U.S., has selected IdentityMind to provide anti-money laundering (AML) compliance for its marketplace. HBUS is the exclusive U.S. strategic partner of Huobi, the provider of virtual currency related services. HBUS is dedicated to AML compliance and has already registered with…
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The U.S. Securities and Exchange Commission (SEC) has announced that it has filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings. According to the SEC's complaint, Mark E. Burns purchased Fitbit call options just minutes before he and his co-conspirator, Robert…
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AcadiaSoft, Inc., the industry provider of margin automation solutions for counterparties engaged in collateral management worldwide, today announced a new initiative, Agreement Manager, which will create an industry-wide, authoritative data store of legal and operational collateral agreement information for OTC Derivatives. A new AcadiaSoft Hub service, Agreement Manager, will match, store and exchange new and…
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After entering the market as a peer-to-peer marketplace with wallet support for over 40 altcoins, South-African-based Coindirect announced that it has now released an integrated trading exchange. This new tool will give advanced traders everything they need and more to make Coindirect their preferred cryptocurrency trading platform. Coindirect is aiming to disrupt the financial sector…
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