The Financial Conduct Authority (FCA) has today issued a consultation paper on new guidance about the handling of certain regular premium payment protection insurance (PPI) complaints. In March 2017 the FCA has made rules in relation to the Supreme Court judgment in Plevin. That judgment and the rules say that a lenders failure to disclose…
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Banque Internationale à Luxembourg (BIL) has announced that it has decided to further strengthen its partnership with post-trade services provider Clearstream. Going forward, Clearstream, which is part of Deutsche Börse Group, will support the bank in streamlining its third-party fund processing activities. The scope of services includes order execution, settlement and asset servicing of both…
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Retail FX broker FXCM has announced that its volumes in June were down by 5% month-over-month, $202 billion versus $212 billion in May. We are expecting a (quiet) rebranding of FXCM in the coming weeks. FXCM incorporated the name of its parent company Leucadia into its logo a few months back. However Leucadia recently renamed itself Jefferies Financial…
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Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced plans to establish a new venue in Amsterdam to ensure the company is well-positioned to continue to serve its customers across Europe from April 2019, after the UK’s planned exit from the European Union (EU). Cboe Europe has filed its application with the Dutch Authority for the…
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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 World Class Group Consultants Inc. World Class Group Consultants Inc is not authorised by the FCA but has been targeting people in the UK and is…
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FX liquidity and prime brokerage services provider IS Prime has announced that Terry Gill, former Director at Edgewater Markets, has joined IS Prime’s Agency Execution team in a newly created Institutional Sales role. The appointment reflects the firm’s commitment to the growth of its Agency Execution business, having recently announced the addition of NDFs and Forwards…
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The Financial Markets Authority (FMA) has just issued a warning to a suspected scam company called Chemmi Holdings Limited trading as MaxCFD and Binary Tilt. Chemmi Holdings Limited Website: www.maxcfd.com AND www.binarytilt.com Address: MaxCFD: 20-22 Wenlock Road, London, England, N1 7GU, United Kingdom; Binary Tilt: 2nd Floor, 1-2 Broadgate, Broadgate Circle, London EC2M 2QS United…
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NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, has just announced its trading statement for the month of June 2018. Spot FX results were down 5% MoM. US Treasury’s numbers also dropped to 156.6 with 12% MoM. The complete results can be seen in the table below: NEX Markets…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Helmut Köb. 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 to…
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LMAX Global, the FCA regulated FX brokerage arm of the LMAX Exchange Group, has announced the launch of an MT5 white label solution in partnership with Tools for Brokers (TFB), a leading software provider for FX brokers operating on Metatrader platforms. The partnership creates a market leading and technically robust solution for brokers, who would…
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