The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc. MiFID II, the “Markets in Financial Instruments Directive”, is legislation that is set to be implemented across the European Union on January 3rd, 2018. As this due date approaches, many market participants are scrambling to implement changes to…
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The Federal Court of Australia has ordered the winding up of 18 companies associated with the Macro Group, all of which have Desiree Veronica Macpherson as a director. The companies are: AGKM Green Pty Ltd; BA Sullivan Pty Ltd; Christians Holdings WA Pty Ltd; Ferrous Ferric Pty Ltd; Macpherson Realty Options Pty Ltd; Splendiferous Enterprises…
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HUBECN LLC announced that has released the MetaTrader 5 FIX Bridge to HUBECN engine, which allows brokers to connect to hundreds of liquidity providers combining their quotes and providing the ability to route orders according to the Best Bid and Offer (BBO) rules. The list of available liquidity providers includes Currenex, Integral, Hotspot, LMAX, CFH,…
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The Hong Kong Securities and Futures Commission (SFC) has today released its annual Fund Management Activities Survey (FMAS) which shows that the combined fund management business in Hong Kong increased by 5.2% year-on-year to $18,293 billion as of 31 December 2016. Overseas investors remained a major source of funding for the fund management business, accounting…
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The National Securities Market Commission (Comisión Nacional del Mercado de Valores, or CNMV) has published the following warning reported on unregistered entitiy that was received through international supervisors: 1875-FINANCE INVEST (CLON), WWW.1875-FINANCEINVEST.COM The warning was received from Luxembourg's regulator CSSF. For more details on the warnings received from foreign regulators at the European level, please…
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CME Group, the global derivatives exchange, and marketplace, today announced it has cleared two new swap currencies: the Indian Rupee (INR) Overnight Index Swaps (OIS) and Korean Won (KRW) Interest Rate Swaps (IRS). With these two new additional currencies, CME Group now offers 21 clearable OTC IRS currencies. Sean Tully, Senior Managing Director of Financial…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill has just announced the addition of a new asset class to its product offering. Tickmill is now providing clients with the option to trade 4 new CFDs on German Government Bonds. Tickmill is expanding its services, offering: German premium EURO-BOBL, EURO-BUND, EURO-BUXL and…
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Continuing its work against investment schemes targeting retail traders in the US and around the world, US regulator CFTC has charged California resident Jason B. Scharf, his worldwide web of companies, and Florida-based affiliate marketers Michael Shah and Zilmil, Inc. with running a $16 million Binary Options fraud scheme. The CFTC has announced that a federal…
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The Australian Securities and Investment Commission (ASIC) has banned Perth financial adviser Jason Sean Atkins from providing financial services for a period of three years. ASIC found that Mr Atkins provided advice to clients to establish a self–managed superannuation fund (SMSF) and use limited recourse borrowing arrangements to fund the purchase of real property that…
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LCH, a global clearing house, announced that has extended its CDSClear service to offer clearing for the CDX North American High Yield index. This latest addition to LCH’s credit derivatives clearing service follows the launch of clearing for the CDX North American Investment Grade index at LCH in 2016. LCH is the first European CCP…
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