FCA regulated FX and CFDs broker ActivTrades has announced the introduction of Exchange Traded Funds (ETFs) to its global client base. ETFs are marketable securities that can be used to track an index, commodity, bonds or a basket of assets like an index fund. As the underlying index increases in value the ETF increases too.…
Read moreUK 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 SafeInvest. SafeInvest is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
Read morePumaPay‘s PullPayment Protocol was created to bring crypto payments in the daily life. Its innovative approach reverses the mechanisms of a transaction, enabling merchants to ‘pull’ crypto funds from their customers’ account, thus avoiding the drawbacks of the current banking systems, such as high transaction costs, the insecurity of chargebacks (reverse transactions) and associated fines,…
Read moreIOTA is currently the 9th largest cryptocurrency in terms of market capitalization with market cap of $6.7 billion, trading at $2.42 as of today. However, the price is now going up because IOTA announced a new partnership with the luxurious car producer Porsche. The 19% jump became evident after Porsche chose IOTA for a new…
Read moreINTL FCStone Inc (NASDAQ:INTL), a diversified global financial services organization providing execution, risk management and advisory services, market intelligence and clearing services across asset classes and markets around the world, today announced its financial results for the fiscal year 2018 second quarter ended March 31, 2018. Overall, Q2 operating revenues were up 33% from Q2-2017, to…
Read moreVirtu Financial, Inc (NASDAQ:VIRT), a technology enabled global market maker, has announced the commencement of an underwritten secondary offering of 15,000,000 shares of its Class A common stock. At Tuesday's close of $33.35 per share, the offering size is aimed to be $500 million. The selling stockholders, Mr. Vincent Viola, Virtu's founder and Chairman Emeritus, TJMT Holdings LLC…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Esther Salas of the U.S. District Court for the District of New Jersey has entered an Order of default judgment and permanent injunction against Alcibiades Cifuentes and Jennifer Wee Cifuentes, both of West New York, New Jersey, and their corporate entity, Cifuentes Fund Management, LLC. The Order,…
Read moreUK 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 Littinvest / Explatinum Ltd. Littinvest / Explatinum Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) announced that it plans to introduce MSCI All Country (AC) Asia ex Japan Net Total Return Index (MSCI AxJ) Futures, the first regional stock index futures contract for HKEX, on Monday, 11 June 2018, pending regulatory approval. HKEX’s MSCI AxJ Futures will be first futures contract traded on…
Read moreThe Dutch State Treasury Agency announced that it has decided to enable central clearing of euro denominated interest rate swaps via Eurex Clearing in Frankfurt for the State of the Netherlands. As Debt Management Office, the Dutch State Treasury Agency is exempt from the obligation to clear swaps through a Central Counterparty (CCP). However, the…
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