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 SW1 Options. SW1 Options 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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ASIC has informed the public that it has suspended the Australian financial services (AFS) license of WA-based Red Summit Trading Partners Pty Ltd (Red Summit) from 7 March 2018. ASIC found that, due to various staffing changes, Red Summit is not currently carrying on a financial services business. As a license variation application is pending,…
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After reporting record Revenues for the first half of Fiscal 2018 (the company has a May 31 year-end), UK online trading leader IG Group Holdings plc (LON:IGG) has gone one better in Q3 (quarter ended February 28, 2018), reporting best-ever Revenue of £152.9 million. IG's previous best ever quarter was Q1-2018, when Revenues hit £135.2 million.…
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Euronext, the pan-European exchange in the Eurozone, has announced that the Supervisory Board has approved unanimously the following appointments: Paul Humphrey, Head of Fixed Income, Rates and FX (FICC), is appointed in addition to his current position and subject to regulatory approvals, interim CEO of Euronext London, interim Head of Global Sales, and interim member…
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Following our exclusive report from earlier this month revealing that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet, the company has announced that a shareholders meeting was held yesterday and that the proposed transaction (see more details below) was approved as planned. The going-private…
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Leading social trading and investment platform eToro has announced a Series E fundraising of $100 million to support its expansion into new markets as well as its continued research and development of blockchain technology and the digitisation of assets. Led by China Minsheng Financial, the round of funding was participated in by SBI Group, Korea…
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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 Meridian Financial Group. Meridian Financial Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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QuantHouse, the independent global provider of end-to-end high-performance market data and trading through API-based technologies, has announced that it has reported strong double-digit revenue growth since its 2017 buyback from S&P. Throughout 2017, QuantHouse has launched many strategic initiatives to accelerate growth: MiFID II initiatives: the launch of an algo-trading stress testing solution; a UTC…
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Swiss stock exchange operator SIX Group announced that it has achieved a solid annual result in a challenging environment. Through strategic investments and acquisitions, primarily to strengthen its market position in payment transactions, and through strategic and organizational adjustments, SIX created the conditions during 2017 to ensure its long-term competitiveness. SIX generated an annual result of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Soft Loans. 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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