China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX) announced today the formation of a joint venture company in Hong Kong, Bond Connect Company Limited (BCCL), to support Bond Connect related trading services. Bond Connect is a new mutual market access scheme that will allow investors from Mainland China and…
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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 FMP Fuhrer Marbach and Partners. FMP Fuhrer Marbach and Partners is not authorised by the FCA but has been targeting people in the UK and is…
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The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, The obvious market event of the week is today’s UK General Election, with first results and projections expected tomorrow morning. Will it be May or Mayday? ...Maybe! Who knows?! First London, then Manchester and now London…
Read moreToday is a big day for the market with three major events upcoming: the market-focused UK general election, the Former FBI Director Comey’s testimony, and ECB’s rate decision and press conference at 12:45 and 13:30 BST respectively. The market is expected to be volatile across the board. In terms of the UK general election, there…
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Retail forex broker Exness announced a new set of major improvements to its registration process for its international clients. Note that the changes have no impact on the registration processes of Exness (Cy) Ltd and Exness Europe Limited which are regulated and supervised by CySEC and the FCA respectively. The improvements are scheduled to be implemented…
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A new wave of robo-advisors, an increasing number of partnerships between wealth managers and widespread usage of inorganic intelligence will drive significant change and opportunities for the wealth management industry in 2017 and beyond, according to a new report developed by Broadridge Financial Solutions, Inc. (NYSE:BR) in association with Aite Group. The report, “The Digital…
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TMX Group (TSX: X) today announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for May, 2017. Toronto Stock Exchange welcomed 15 new issuers in May 2017, compared with 18 in the previous month and six in May 2016. The new listings included six exchange traded funds, two mining companies, one clean…
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Trading app provider TradeIt has announced that it has connected its core products - Portfolio View and Trading Ticket - to Interactive Brokers Group Inc (NASDAQ:IBKR), the largest US-based electronic broker by DARTs. Over the past month, TradeIt launched early-access IBKR support on Stockflare and the Trigger Finance app. With the current announcement, TradeIt is extending IBKR…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Landa Asset Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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The Board of Supervisors of the European Securities and Markets Authority (ESMA) has appointed Martin Moloney, Head of Markets Policy Division of the Central Bank of Ireland to serve as the chair of the Investment Management Standing Committee. The standing committees are expert groups drawn from ESMA staff and the national competent authorities for securities…
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