Financial services company Zopa announced today that it will launch its Innovative Finance ISAs (IFISA) in June. Pending final approval from HMRC, IFISA will be available from 15th June with target returns of up to 6.1%. As Zopa expects investing volumes to be high, the company is giving existing investors priority access ahead of new customers, where…
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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 Campbell & Browne Associates / Campbell Brown. Campbell & Browne Associates / Campbell Brown is not authorised by the FCA but has been targeting people in…
Read moreThe FOMC released its May meeting minutes last evening stating that the overall economic assessment was little changed. The Fed sees to raise rates once again is ‘soon be appropriate’. Markets assume that it signals a rate hike in June. The minutes also signals further tightening is expected if the incoming economic data shows improved…
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The European Securities and Markets Authority (ESMA) has published a Consultation Paper (CP) on the Money Market Funds Regulation (MMFR). The CP contains proposals on draft technical advice (TA), draft implementing technical standards (ITS), and guidelines under the MMFR. The key proposals relate to asset liquidity and credit quality, the establishment of a reporting template…
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Offers open connectivity to third party data for research distribution, monitoring and evaluations; creates a provider-neutral hub for MiFID II research payments Instinet Incorporated (Instinet) announced the launch of RQ Connect (Research Quality Connect), a provider-neutral application within its research payment and commission management platform, Plazma®. RQ Connect enables Research Procurement Management (RPM) systems to…
Read morePosted by Matt Simpson | 25/05/2017 04:29 We highlight three correlations which show the near-term may provide further hikes, further out it may be less pleasant. - 2yrs suggest Fed will continue to hike - 2-10yr spread is out of sync with current hike path - If Fed Funds and 2-10yr spread are to meet,…
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Those who follow the comings and goings in the currency trading world will no doubt be noticing the multitude of comments and commentary surrounding the just-released FX Global Code of Conduct. Well, here is a synopsis of some of those comments, from some leading FX sector executives: David Puth, CEO of CLS and Chairman of the…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that electronic trading network operator NEX Group PLC (LON:NXG) has made more than £11.5 million (USD $15 million) worth of bonus share grants to senior management. The largest grant worth $5.4 million went to NEX Group CEO Michael Spencer. DSBP Award PSP Award Total Shares Value £ Value US$…
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The Securities and Exchange Commission (SEC) announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or suppliers. The SEC’s complaint alleges that David Blaszczak, a former government employee turned political intelligence consultant,…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm First Plus Financial Group. 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…
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