Copenhagen based multi asset broker Saxo Bank has announced that it has decided to end operations through its Turkish subsidiary, Saxo Capital Markets Menkul Değerler A/Ş, to reduce complexity in the organization and bolster relationships with strong partners in Turkey. The company's office in Istanbul will be shut down. Saxo Bank had opened its Istanbul…
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The European Securities and Markets Authority (ESMA) shared that has sent a letter to the European Parliament, Commission and Council updating them on the implementation of ESMA’s IT projects regarding the Markets in Financial Instruments Directive (MiFID II). ESMA will deliver a specific IT infrastructure for the implementation of MiFID II on 3 January 2018.…
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The Hong Kong Securities and Futures Commission (SFC) announced that has welcomed the Investment Agreement and Agreement on Economic and Technical Cooperation under the framework of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) signed in Hong Kong today. The initiatives under the latest agreements will facilitate promotion and protection of investments between…
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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 AIG Options / CMC Options. AIG Options / CMC Options is not authorised by the FCA but has been targeting people in the UK and is also…
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Retail forex broker FXCM Group, LLC announced that has launched FXCM Market Data Signals, a trading support tool offering traders powerful insights to help them find potential trading opportunities using FXCM’s proprietary Speculative Sentiment Index (SSI) along with the Grid Sight Index (GSI). FXCM Market Data Signals enable clients to stay up to speed on…
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Deutsche Börse Venture Network announced that is extending its network to Poland. The platform brings together international investors and European start-ups, enabling them to effectively fund their growth. The currently more than 140 member companies in the Venture Network have already concluded financing rounds totalling USD 1.4 billion since the platform was launched. With more…
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Hong Kong Exchanges and Clearing Limited (HKEX) announced that has appointed China Exchanges Services Company Limited (CESC), a joint venture of HKEX, Shanghai Stock Exchange and Shenzhen Stock Exchange, to explore a Belt & Road Index in response to the market’s interest in a barometer for the Mainland’s Belt & Road Initiative. The index would…
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ASIC announced that has restricted Axiom Mining Limited from issuing a reduced content prospectus until 28 March 2018. The decision means Axiom Mining will not be able to rely on reduced disclosure rules and must issue a full prospectus in order to raise funds from retail investors. ASIC's decision was based on information given to…
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The Financial Conduct Authority (FCA) earlier has today published the final findings of its asset management market study and announced the package of remedies it will take forward to address the concerns identified in its interim report into the sector. Here's what Ian Peacock, Head of UK and Ireland at IG Group Holdings plc (LON:IGG), has to…
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The AMF and the ACPR are publishing a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the list of new websites recently identified: www.x90.com / X90 www.mt4invest.com / MT4 INVEST www.gss-fi.eu / GSS FINANCIAL www.boomforex.net / BOOM FOREX www.promfx.com…
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