SFC fines
March 21, 2017 BY Valentina Kirilova

Vision Financial Partners fined more than $6.5 million in CFTC binary options fraud action

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge James I. Cohn of the U.S. District Court for the Southern District of Florida entered a Consent Order against CFTC Defendants Neil Pecker with a last-known address in Longwood, Florida and his company, Vision Financial Partners, LLC (Vision) of Deerfield Beach, who were charged…

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cysec cif licence suspension
March 21, 2017 BY Valentina Kirilova

Hellenic Bank Ltd renounces CySEC license

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 15th March 2017, the Cyprus Investment Firm Hellenic Bank (Investments) Ltd renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007. As stated in the renouncement letter of the Company, which provided investment services via the…

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ESMA bond liquidity data
March 21, 2017 BY Valentina Kirilova

ESMA sees relatively ample liquidity in sovereign bond markets

The European Securities and Markets Authority (ESMA) latest research piece on market liquidity published in its recent report on trends, risks and vulnerabilities (TRV) finds improved liquidity in European sovereign bonds markets. Episodes of short-term volatility and liquidity stress across several markets over the past few years have increased concerns about the worsening of secondary…

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Alpari volumes
March 21, 2017 BY Valentina Kirilova

Alpari adds news and analysis service FxWirePro to its website

Retail Forex broker Alpari Limited today announced that has added a new section on its website that provides news about financial markets from FxWirePro. Clients can now get all their news in one place by logging into Alpari's site. This new feature offers news in English and Chinese from FxWirePro, a service that is highly recommended…

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March 21, 2017 BY Valentina Kirilova

Russia NSD and NAUFOR implement new technological platform for UIT Market

National Settlement Depository (NSD), Russia’s central securities depository, in cooperation with the Russian National Association of Securities Market Participants (NAUFOR), has launched a centralized system for record keeping and distributing Unit Investment Trust (UIT) units. The new system allows users to get access to operations with the UIT units for all asset management companies connected…

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Hong Kong SFC
March 21, 2017 BY Valentina Kirilova

SFC concludes consultation on position limit regime

The Securities and Futures Commission (SFC) today published conclusions to a consultation to expand the scope of the position limit regime. After considering market feedback, the SFC has concluded that the proposals as set out in the consultation will be implemented. These include a 300% cap on the excess position limit that may be authorized…

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March 21, 2017 BY Valentina Kirilova

RavenPack launches financial data analytics platform, raises $5 million

RavenPack, the data analytics provider for financial services, announced the launch of its new product, a self-service data and visualization platform that enables financial professionals to analyze unstructured data for investing and trading, and to support risk management and compliance. The company’s new platform allows users to monitor market-moving events, and quickly surface insights by…

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March 21, 2017 BY Valentina Kirilova

FCA appoints Nick Stace as a Non-Executive Director

The Financial Conduct Authority (FCA) today confirmed the appointment of Nick Stace as a Non-Executive Director to its board. The appointment, made by HM Treasury, is for an initial three year term starting 1 April 2017. Welcoming the appointment, FCA Chairman John Griffith-Jones said: One of the FCA’s key strategic objectives is to ensure we…

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