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…
Read more
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.…
Read more
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…
Read more
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…
Read more
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,…
Read more
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…
Read more
Following the launch of the comprehensive solution for trading cryptocurrencies, Panda Trading Systems just announced the addition of MetaTrader 5 to its innovative suite of “Brokerage in a Box” solutions. Now would-be brokers can set up a CFD brokerage from scratch in record time, offering an array of instruments such as FX, Shares, Indices, Commodities,…
Read moreNasdaq (Nasdaq:NDAQ) and The Nigerian Stock Exchange (NSE) have officially announced that NSE, the stock exchange of the largest economy in Africa, has launched a new market surveillance platform powered by SMARTS, Nasdaq's flagship surveillance solution. The technology will, amongst other things, enable NSE to proactively monitor market manipulation (including spoofing and layering), detect and…
Read more
The Financial Conduct Authority (FCA) has today published the Terms of Reference for the Investment Platforms Market Study, which sets out the scope and topics that will be covered. Investment platforms are increasingly used by consumers and financial advisers to access retail investment products and to manage investments. The platform market has steadily grown over…
Read more
ASIC announced that is seeking feedback on proposed ASIC rules for the administration of licensed financial benchmarks and regulatory guidance on how we would administer the proposed financial benchmark regulatory regime. The Government is currently consulting on draft legislation to implement financial benchmark regulatory reform. ASIC's consultation is about the licensing regime for administrators of…
Read more