The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Century Finance. 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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The Capital Market Authority (CMA) and the Saudi Arabian General Investment Authority (SAGIA) have signed a Memorandum of Cooperation (the Memorandum) to set up a collaborative framework to be followed by the CMA and SAGIA when preparing the regulatory directives for allowing non-resident strategic foreign investors to own strategic stakes in listed companies’ share capital,…
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EquiChain, the London-based FinTech specialising in blockchain technology for capital markets, announced that it has been accepted into the Abu Dhabi Global Market (ADGM) Regulatory Laboratory (RegLab) programme to develop and test its latest FinTech innovation. In doing so, paving the way to become a key part of the financial market infrastructure of the United…
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Merrill Lynch International (MLI) has been fined £34,524,000 by the Financial Conduct Authority (FCA) for failing to report 68.5 million exchange traded derivative transactions between 12 February 2014 and 6 February 2016. This is the first enforcement action against a firm for failing to report details of trading in exchange traded derivatives, under the European…
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Career technologists, Martin McCann and Dr. Matthias Born, announced that they are launching a world-first lending tech for banks and traditional lenders that will help to equip them against competition from tech giants such as Facebook, Tencent, and eBay wanting to enter financial services. Trade Ledger is a lending platform that transforms digital data from…
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The European Energy Exchange (EEX) and China Beijing Environment Exchange (CBEEX) signed a Memorandum of Understanding (MoU) last Friday in order to form a strategic partnership for the joint development of the Chinese carbon market. The MoU is concluded against the background of the Chinese national emission trading system (ETS), which is expected to be…
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The following article was written by Binary.com Founder and CEO Jean-Yves Sireau. Many firms consider utilizing traditional stock markets and investment banks to produce an Initial Public Offering (IPO) through the sale of stock in order to drive growth and develop an investor base that can benefit by the company’s long-term success. It’s a funding…
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A group stating that it represents the board members and shareholders representing the majority of the common shareholders of TradingScreen renewed today their request for a change in leadership at the company, and published a summary of the main legal actions faced by TradingScreen's current management. The "majority shareholder group" stated that it condemns what it…
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The Tokyo Commodity Exchange, Inc. (TOCOM) announced today that the Exchange granted a Remote Broker Membership to Holly Su Futures (Hong Kong) Co., Ltd. Holly Su Futures is the Hong Kong subsidiary of Holly Futures, a Nanjing-based Chinese futures commission merchant on October 20. They now hold the second Remote Broker Membership at TOCOM. Remote…
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Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced that it is partnering with private banking expert Saar Levi to start a new venture called CEDEX.com. According to TechFinancials, CEDEX will operate a Blockchain based online exchange for diamonds, with a long-term vision to turn the traditional diamond industry into a financial tradable…
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