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 Olsson Capital. Olsson Capital is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Wealth management fintech firm JHC Systems (JHC), has just announced that its digital dashboard for instant 360°portfolio monitoring, risk analysis and ongoing compliance checking, JHC Neon (Neon) is now available in the Eikon App Studio. Amer Attar, JHC’s Head of Alliances, commented that Neon’s fit with Eikon is “about as perfect as could be”. The…
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Elixirr, the challenger consultancy, and Kaizen, the regulatory reporting assurance experts, have just announced a new partnership, which will deliver a complete end-to-end regulatory reporting remediation service for financial institutions. The two firms will collaboratively offer clients greatly-improved assurance testing, governance and support on their trade and transaction reporting remediation projects. This is a significant…
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Six major global banks announced that they have adopted the first fully-digitized MiFID II trade compliance engine for the financial markets. The service from Droit Financial Technologies (Droit) was launched in January ahead of the MiFID II deadline, and instantly expands the ability of financial institutions to comply with the thousands of pages of MiFID…
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Cboe Vest Financial LLC (Cboe Vest), a majority-owned asset management subsidiary of Cboe Global Markets, Inc., has informed that it has launched the Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF (KNG), its first ETF. KNG is index-based and seeks to track the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series (Symbol:…
Read moreThe Securities and Exchange Commission (SEC) has informed the public that it has charged a California-based energy storage and power delivery product manufacturer and one of its former sales executives in a fraudulent revenue recognition scheme designed to inflate the company’s reported financial results. According to the SEC’s order, Maxwell Technologies, Inc. prematurely recognized revenue…
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Shortly after yesterday's IG Group (LON:IGG) reaction, retail FX and CFD broker Plus500 Ltd (LON:PLUS) has also released an update following the announcements from ESMA and the FCA in which they outlined the regulatory changes ESMA proposes to implement in the coming weeks. The principal changes are: leverage limits on the opening of a position by a…
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Options, the provider of global market data and colocation services for trading firms, has today announced the deployment of real-time multicast gap detection as part of its Managed Colocation offering. The TradeVision platform from Ixia, a Keysight Business, will initially be integrated with Options Managed Colocation infrastructure across the US, with expansion across European venues…
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STOXX Ltd., the operator of Deutsche Börse Group’s index business and a global provider of innovative and tradable index concepts, has announced that it is rolling out a new multi-dimensional offering for high-speed solutions. Firstly, it is opening up its established index calculation service to the wider market to address growing demand. Secondly, it is…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Blue Insurance UK. 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…
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