The Financial Conduct Authority (FCA) announced that it has imposed a financial penalty of £250,000 on former Royal Bank of Scotland (RBS) interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity. Mr Danziger formerly worked at RBS trading products referenced to Japanese Yen (JPY)…
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Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Bahrain Economic Development Board (EDB) announced that they have entered into a Fintech cooperation agreement, marking a significant first in the MENA region. Signed between two of the leading MENA Fintech hubs, the agreement represents a leap forward in promoting the…
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Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, today announced the completion of a repricing transaction of its 1st Lien Senior Secured Term Loan along with a principal prepayment of $276 from the proceeds of its previously announced sale of BondPoint to Intercontinental Exchange (NASDAQ:ICE). Following the…
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GAIN Capital Holdings, Inc. (NYSE: GCAP) today announced the launch of Bitcoin trading in Australia and Singapore on the Company's City Index branded service, which is regulated by ASIC and MAS, respectively. GAIN Capital's Bitcoin offering enables its customers to trade the value of the cryptocurrency through a highly-regulated, trusted broker, without the need to…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Wageme. 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 scam…
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The Cyprus Securities and Exchange Commission (CySEC) has just mde an announcement regarding the renewal of the registrations in the Public Register of Certified Persons (the “public register”). The complete text of CySEC's announcement can be seen below: A. Renewal Process In accordance with the Paragraph 17(1) of the Directive regarding the Certification of Persons…
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The National Securities Market Commission (CNMV) informed that it has opened a communication channel for possible infringements that guarantees the protection of the informer and the quality of the information received. The function of this tool, which is already available on the CNMV website, is to facilitate the reception of communications from people who have…
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The following article was written by Adinah Brown, content manager at Leverate. Oh, great… more regulations—just what the financial markets need. However, MiFID II and GDPR, due to come into force early 2018, are likely to change the financial landscape for the better. The GDPR, or General Data Protection Regulation to give its full title, is…
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Trading activity 17 percent higher than in 2016 Frankfurt Stock Exchange’s market share in structured products in Germany increased again in 2017, the Deutsche Börse announced earlier today. Its share was slightly higher than the previous year's level both in terms of turnover (36.0 percent) and on the basis of executed trades (45.5 percent). Overall,…
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LCH, a global clearing house, today announced record volumes across multiple clearing services in 2017. LCH’s equities, fixed income, and OTC derivatives clearing services all surpassed previous years’ clearing activity. Volumes growth across the business has been driven by the roll-out of new products, effects of regulatory change and the onboarding of new customers across…
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