The NZX Ltd (NZE:NZX) today announced the establishment of the NZX Clearing Committee. The establishment of this Committee follows recent changes to the designation order relating to the New Zealand Clearing and Depository Corporation (NZCDC) Settlement System, which were approved by the Financial Markets Authority and Reserve Bank of New Zealand. These changes identify NZX…
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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 Clarion Global Group. Clarion Global Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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LCH, the global clearing house, just announced that it has signed binding terms with Euronext N.V. for the continued provision of clearing services for listed financial and commodity derivatives with LCH SA, the Group’s continental European operating subsidiary. The agreement is expected to be finalised in Q4 2017. New 10-year long-term derivatives clearing agreement for…
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Payments services company Paysafe Group Plc (LON:PAYS) announced its unaudited interim results for the six months ended 30 June 2017. Financial highlights $m H1 2017 H1 2016 Revenue 538.7 486.7 Year-on-year revenue growth 11% 118% Organic constant currency year‐on‐year revenue growth 12% 20% Adjusted EBITDA 169.2 144.2 Adjusted EBITDA margin 31.4% 29.6% Statutory operating profit…
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The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Mitsubishi UFJ Financial Group Inc (TYO:8306) unit The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) for engaging in multiple acts of spoofing in a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade, including futures…
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At the request of the CME Clearing Europe Ltd. unit of derivatives marketplace operator CME Group Inc (NASDAQ:CME), the U.S. Commodity Futures Trading Commission (CFTC) issued an order today that vacates the registration of CME Europe as a derivatives clearing organization (DCO) effective August 8, 2017. The CFTC registered CME Europe as a DCO by…
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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 Westmount Associates. Westmount Associates 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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In a month in which most retail and institutional eFX providers have reported slight to mild decreases in FX trading volumes, Copenhagen based Saxo Bank has disclosed a nice 3% increase in July FX volumes, to $249 billion, up from $242 billion in June. While forex trading was strong at Saxo Bank, the multi-asset broker…
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Leverate just announced that it has hired Yasha Polyakov as its new CEO, replacing the recently departed Kobi Gur. For the past year and a half, Mr. Polyakov ran Rynat Trading Ltd., a CySEC-regulated company which runs the XHorns.com retail forex brand. XHorns runs on Leverate's SIRIX platform. Before running XHorns, Mr. Polyakov - an accountant…
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Stox's ICO has successfully raised $33 million in 34 hours last week, making the ICO the seventh biggest of 2017. The token sale for the cryptocurrency STX ended over night on Thursday after participants contributed roughly 148,000 ETH. Last month, Bancor announced that the invest.com Group will use the Bancor protocol to launch Stox, a…
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