It looks like London's Retail FX brokers and financial institutions can breathe easy. At least for now. UK financial regulator the FCA issued a statement this afternoon, indicating that it expects the UK will remain within the MiFID license passporting system after Brexit is implemented, allowing financial services companies (such as FX brokers) to receive…
Read more
The Cyprus Securities and Exchange Commission (CySEC) has announced that it has imposed an administrative financial penalty on Reliantco Investments Ltd., an investment firm which operates the UFX.com online Retail FX and CFDs brand. A sum of €95,000 has been imposed on the company for multiple compliance failings that breached the policies and procedures CySEC…
Read more
NZX announced it will implement changes to its trading and clearing pricing structure in the second half of 2018 as it responds to feedback from market participants and to encourage more on-market liquidity. This supports the exchange’s commitment to secondary market development, as outlined in its recently released strategy. NZX will migrate to a trading…
Read more
FCA regulated retail forex broker ICM Capital has announced that it has integrated the cTrader Forex trading platform. cTrader will be added to ICM Capital's growing list of products and services, which includes the launch of Bitcoin CFDs last month. As of today, the company will begin onboarding clients to this new platform where they…
Read more
The Commodity Futures Trading Commission (CFTC) on December 15, 2017 issued an order revoking the foreign board of trade (FBOT) registration of CME Europe Limited (CMEEL). Such registration permits an FBOT to allow identified members or other participants located in the United States to enter trades directly into the trade matching system of the FBOT.…
Read more
Thomson Reuters (NYSE:TRI) announced that its clients have been given access to aggregate quotes of the Moscow Exchange FX Market via Thomson Reuters’ FX Trading platform. The new functionality will allow users to see quotes of Moscow Exchange, Thomson Reuters Matching, Orderbook and counterparty banks’ liquidity on one desktop and trade at the best available…
Read more
The Hong Kong Securities and Futures Commission (SFC) today launched a two-month consultation on proposals to refine the over-the-counter (OTC) derivatives regime and to require licensed corporations to properly manage financial exposures to connected persons. In response to market comments, the SFC proposes to refine the scope of regulated activities (RAs) to provide more clarity…
Read more
NTT Data, a consulting and IT services provider, announced that it has secured a place in the Bank of England’s (BoE) highly regarded FinTech Accelerator programme. In partnership with German start-up Reportix, NTT Data is investigating the power and potential of effective data analysis and visualisation for the BoE. NTT Data is just one of…
Read more
Optiver, a global market maker, just announced that it has entered into an agreement with trading venue Equiduct, offering brokers a simple, one-stop-shop solution to achieve best execution for their European equity and ETF order flow. Under the agreement Optiver commits to provide continuous liquidity in thousands of European stocks and ETFs on Equiduct against…
Read more
ESMA issued a public statement this morning to support the smooth introduction of the Legal Entity Identifier (LEI) requirements for MiFID II implementation. This statement outlines temporary measures in respect of LEI for clients that are legal persons, and LEI for issuers. FCA's complete response to ESMA's statement can be seen below: The FCA recognises the…
Read more