ASIC announced that has visited twenty limited Australian Financial Services (AFS) licensees during 2016 – 2017 to assess how they were operating under their new licences and to discuss and promote compliance with their AFS licensee obligations. This program followed the removal from 1 July 2016 of the exemption from holding an AFS licence that…
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UK online trading leader IG Group Holdings plc (LON:IGG) announced that has signed up to the FX Global Code of Conduct. The Code is a set of global principles of good practice in the foreign exchange market. It was created by the Global Foreign Exchange Committee which is comprised of central banks and private sector…
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Hong Kong Exchanges and Clearing Limited (HKEX) has announced the list of securities for Phase 2 of the Closing Auction Session (CAS) it will roll out in its securities market on Monday, 24 July 2017. CAS Phase 2 (Phase 2) will expand the list of CAS Securities to include constituents of the Hang Seng Composite…
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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 Multi Strategy Investments Limited trading as London Investments. Multi Strategy Investments Limited is not authorised by the FCA but has been targeting people in the UK…
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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 GSI Markets. GSI Markets 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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KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of June 2017. In Market Making, KCG averaged $28.7 billion dollar volume traded (up 3.6% from May's $27.7 billion), 9.1 billion shares traded, and 3.4 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 195.8 million U.S.…
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On 18 May, the International Accounting Standards Board (IASB) issued International Financial Reporting Standards (IFRS) 17, setting out a single, consistent approach to the accounting for insurance contracts. The Financial Stability Board (FSB) welcomed the final publication of this standard, which was identified as a high priority at the FSB Plenary meeting of 25 September…
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Abu Dhabi based international financial services firm ADS Securities has continued to build its international management team, announcing today that it has hired Jason Hughes as Global Head of Retail Sales, for its FX and CFD brokerage business. Mr. Hughes will be based in Abu Dhabi. Jason Hughes joins ADS Securities from CMC Markets Plc (LON:CMCX), where…
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The following article was written by Adinah Brown, content manager at Leverate. Every risk management book in every corner of the world propounds the values of diversification. Your financial advisor is probably worrying about the weight of your assets and trying to balance them so that you get a healthy spread of growth stocks, international shares,…
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Deutsche Börse subsidiary Clearstream announced that will apply for new licenses to operate under the Central Securities Depositories Regulation (CSDR). CSDR obligations require Europe’s CSDs to submit their application files to local regulators by 30 September 2017. Authorisations are expected to be granted from mid-May 2018 onwards. This will be a first step to even…
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