The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, Many traders make all of their trading decisions on a single time frame only. Other traders have stopped using multiple time frames after failing to implement the concept. My hope is that by the end of this…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm AMAC Mortgages & Loan Ltd. 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…
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ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, announced today that it has completed development and successful order routing tests for a new market access gateway to the Bolsa Institucional de Valores (BIVA) in Mexico. The new gateway provides ULLINK customers with electronic access to trade all the securities…
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The Supervisory Board of Moscow Exchange at a meeting on 28 September 2017 confirmed Maxim Lapin as a Member of the Executive Board and Chief Financial Officer of the company. Before joining Moscow Exchange Maxim Lapin was a member of the Management Board and Business Development Director at steelmaker MMK. Before MMK he was Director…
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Global commodities broker Marex Spectron has announced that it has increased the size of its working capital facility from $105 million to $115 million, with the Barclay’s Bank unit of Barclays PLC (ADR) (NYSE:BCS) increasing the size of its commitment from $15 million to $25 million. Alongside Barclays Bank, the other participants in the facility are…
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The High Court yesterday declared that Securities Commission Malaysia (SC) had successfully proven an insider trading case against Lim Chiew, a former independent director of Magnum Corporation Bhd. In the suit which was filed in 2005, SC claimed that Lim Chiew had breached section 89E (2) of the Securities Industry Act 1983 when he acquired…
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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 firm Myfinance. Myfinance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
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Andrew Bailey, Chief Executive of the FCA gave a speech today at the Official Monetary and Financial Institutions Forum. Below is the speech as drafted and may differ from the delivered version: Highlights We can learn lessons by putting the issues around Brexit into a historical context. Common regulatory standards are a necessary condition for…
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The China Environmental Energy Investment Ltd's failure to comply with the announcement, circular and prior shareholders' approval requirements of the HKEX Listing Rules has deprived the investors of their right to the timely receipt of information in relation to the Company's major transactions, and for shareholders, their right to vote on those transactions before they…
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Cyber-enabled crime, shifting economic sanctions’ targets and new data-reporting demands have created radical upheaval in the U.S. anti-money laundering (AML) regime. Thomson Reuters (NYSE:TRI) recently surveyed 438 AML compliance leaders connected with the Association of Certified Anti-Money Laundering Specialists (ACAMS) to gain an understanding of how U.S. financial institutions are addressing the regulatory disruption. The…
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