acquisition
July 25, 2017 BY Valentina Kirilova

Nasdaq to acquire surveillance provider Sybenetix

Nasdaq, Inc. (Nasdaq:NDAQ) announced that it has entered into a definitive agreement to acquire Sybenetix, a surveillance provider that combines behavioral analytics and cognitive computing with financial markets expertise. Sybenetix’s technology offering is designed to solve key surveillance challenges facing the asset management industry. The addition of Sybenetix to Nasdaq's Risk & Surveillance suite of…

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July 25, 2017 BY Valentina Kirilova

FX Junction releases hosted Meta Trader terminal

Open social trading network FX Junction just announced that clients can now host their MetaTrader 4 and 5 terminals on FX Junction thus keeping their account linked to their FX Junction trading profile at all times. The Hosted solution is ideal for FX Junction members who are sharing signals and utilizing the AutoCopy system as…

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fca warning
July 25, 2017 BY Valentina Kirilova

FCA warns against Loan Store Limited firm

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 Loan Store Limited. Loan Store Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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July 25, 2017 BY Valentina Kirilova

Corporations receive direct access to MOEX Money Market

On 24 July 2017 Russian companies not qualified as credit institutions or professional market participants became eligible to operate on Moscow Exchange's Money Market on the same terms as banks and brokerage firms, MOEX announced earlier today. Corporates can now place deposits with the central counterparty (CCP) at the repo market rates. NCC Clearing Bank,…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
July 25, 2017 BY Valentina Kirilova

SEC names Bryan Wood as Director of the Office of Legislative and Intergovernmental Affairs

The Securities and Exchange Commission (SEC) has announced that Bryan Wood has been named Director of the agency's Office of Legislative and Intergovernmental Affairs. Mr. Wood will advise the Chairman, Commissioners, and SEC staff on legislative matters, provide technical assistance on securities-related legislation to congressional committees and staff, assist in preparing SEC testimony for congressional…

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Jonathan Hufford Spreadex
July 25, 2017 BY LeapRate Staff

Exclusive: Spreadex 2017 Revenue flat at £50.3 million, profits up to £23.2 million

LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated financial and sports spread betting company Spreadex saw no growth in its latest Fiscal year ended May 31, 2017. However Spreadex continued to generate healthy profits, up slightly from the previous year. Overall, Spreadex brought in £50.276 million in Revenue in 2017, virtually identical to last…

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July 25, 2017 BY Valentina Kirilova

Tradition sees Japan FX revenue down 28.6% in First Half 2017

Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) has reported first-half consolidated revenue of CHF 411.4m, compared with CHF 425.2m in the same period in 2016, a decrease of 0.6% at constant exchange rates. In current currencies, the reported revenue remains impacted by the weakness of pound sterling following the vote on Brexit, down 3.3% compared…

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DFSA
July 25, 2017 BY Valentina Kirilova

Financial Choice pays $21,600 in penalties for false and misleading representations

Financial Choice Pty Ltd, an Australian financial services provider, has paid two ASIC infringement notice penalties totalling $21,600, after making misleading representations in marketing emails sent to consumers and on its website. The first infringement notice related to a representation made by Financial Choice in bulk emails the company sent to around 215,000 consumers in…

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LedgerX delayed by red tape in its attempt to be first Bitcoin futures issuer
July 25, 2017 BY Valentina Kirilova

Bitcoin and Ethereum options on the way as LedgerX gets derivatives clearing designation

The U.S. Commodity Futures Trading Commission (CFTC) has announced that has issued an order granting LedgerX, LLC registration as a derivatives clearing organization under the Commodity Exchange Act (CEA). Under the order, LedgerX will be authorized to provide clearing services for fully-collateralized digital currency swaps. LedgerX, which was also granted an order of registration as…

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