From 15 January 2018, Moscow Exchange (MOEX) announced that it will calculate and publish a new gauge of Money Market performance, the MOEXREPO GCC indicator, based on CCP-cleared repo transactions in general collateral certificates (GCC). The indicator measures the value of secured money as free of counterparty risk and characteristics of certain securities. It will…
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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 EasyPro Loans. EasyPro Loans 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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The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action on January 12, 2018, in the U.S. District Court for the Northern District of Illinois, charging Defendants Richard D. Carter of Mundelein, Illinois, Mark R. Slobodnik of Libertyville, Illinois, and their company Blue Guru Trading, LLC (Blue Guru), a Delaware limited…
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Copenhagen based multi asset broker Saxo Bank has made another senior addition to its executive management team, announcing the appointment of Damian Bunce as the company's new Chief Client Officer (CCO). Mr. Bunce's appointment becomes effective February 19, 2018. He joins Saxo Bank’s executive team and will report directly to Kim Fournais, CEO and Founder.…
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The Nova Scotia Securities Commission (NSSC) announced that the company Shtern Group is not registered to sell securities in Nova Scotia. Shtern Group claims to be an online trading service provider located in Malta. At least one Nova Scotia investor was contacted by Shtern Group representatives by telephone and encouraged to invest in binary options.…
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FCA regulated CFD broker Plus500 Ltd (LON:PLUS) informed that it takes note of the contents of a "Dear CEO letter" that the Financial Conduct Authority (FCA) has issued last week as a public announcement following its review of the CFD market. The announcement highlights the FCA's concerns regarding firms who offer and distribute CFDs to retail…
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Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) announced that its wholly owned UK subsidiary, SafeCharge Financial Services Limited, has been authorised by the Financial Conduct Authority (FCA) as a Payment Institution. This in in addition to SafeCharge Limited's existing authorisation as a European Electronic Money Institution. The authorisation will allow SafeCharge Financial…
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After we reported last week that the FBI had sent investigators to Israel as part of their ongoing fraud investigation of Lee Elbaz, former CEO of several Binary Options broker brands, Israel business news website TheMarker has reported that those FBI investigators last week raided the offices of leading Binary Options platform provider SpotOption. Lee Elbaz…
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Your Weekly Trading Review by UFX.com – Sunday, January 14th, 2018 Some of this past week’s leading economic news and events affected the financial markets: The EUR/USD and GBP/USD increased by 1.41% and 1.40%, respectively. Gold rose by 0.94%, while Crude Oil saw an increase in value of 0.78%. The 3 major US indices all saw positive…
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Following a strong November which saw its most activity of the year, Copenhagen based multi asset broker Saxo Bank has reported that it ended 2017 with a somewhat slow month of December. December volumes totaled $289 billion at Saxo Bank, down 26% from November's $388 billion. FX volumes comprised 68% of the total in December…
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