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 Jazz Loans. Jazz Loans is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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The Monetary Authority of Singapore (MAS) announced some regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs). Relaxation of business restrictions with enhanced prudential standards Finance companies fill a useful niche in SME financing, complementing the role of banks. They often…
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Bats Global Markets, Inc. (Bats: BATS) reported January volume and highlights, which included average daily notional value of $29.6 billion traded on Hotspot, its global spot FX trading platform, the highest ADNV in 11 months. Additionally, average daily notional value traded on Hotspot’s London matching engine was $2.5 billion in January, equating to 8.5% of…
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Telecommunications company Colt Group S.A. (LSE: COLT) today announced that Andrew Housden has joined the company as VP of Capital Markets, reporting to Tom Regent, Colt’s Chief Commercial Officer. Housden will be responsible for growing Colt’s Capital Markets vertical, overseeing some of Colt’s largest accounts across Europe, Asia and North America. Colt works with 18…
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London-based online trading firm CMC Markets Plc (LON:CMCX) has announced the issuance of 28,861 shares, as part of the bonus offer to clients from its IPO last year. Last week marked one year since CMC Markets' IPO. In the IPO, an offer was made to retail clients who purchased shares in the offering, that they…
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Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has published a communication for investor protection on the risks associated with new highly-speculative, risky and complex forms of financial investment such as contracts for difference (CFDs), rolling spot forex and binary options which, over the last few years, have spread more…
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Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that its full year 2016 results will show a significant decrease in net profit by over 50%, as compared to 2015. KVB already issued a profit warning for the third quarter of 2016, which saw a 20%…
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eFX trading technology solutions provider TradAir has announced the release of a major platform upgrade, focusing on added functionality, reduced latency and continued improvement of execution performance. TradAir Version 5.0, delivers significant improvements in: Execution quality and fill ratios Platform latency and performance According to the company, TradAir’s new ‘Micro Services’ based modular architecture significantly reduces…
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CySEC regulated forex broker FXCC has announced the introduction of an extra payment facility - Netbanx Asia from Paysafe Group Plc (LON: PAYS). In forging this new relationship the broker is opening up a gateway to allow easy use of service for FX traders from leading Asian countries such as China. Netbanx Asia is a…
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Warsaw based retail forex brokerage group X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB.com brand and the X Open Hub trading platform, has made filings in its home country of Poland that it foresees significantly reduced activity from the Turkish forex market. XTB's filings were made after regulators in Turkey decided to crack…
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