The European Securities and Markets Authority (ESMA) has issued a report on Distributed Ledger Technology (DLT). The report sets out ESMA’s view on DLT, its possible applications, benefits, risks and how it maps to existing EU regulation. ESMA’s position is that regulatory action is premature at this stage, considering that the technology is still at…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm PDP / Payday Pixie. 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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The Board of the International Organization of Securities Commissions (IOSCO) today published the Second Review of the Implementation of IOSCO's Principles for Financial Benchmarks in respect of the WM/Reuters 4 p.m. Closing Spot Rate. The report found that the administrator had made very significant progress, with most of the recommendations from an earlier review having…
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The Market Misconduct Tribunal (MMT) today found that Mayer Holdings Limited and nine of its current and former senior executives failed to disclose inside information as soon as reasonably practicable as required under the Securities and Futures Ordinance (SFO) following proceedings brought by the Securities and Futures Commission (SFC). The current and former senior executives…
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Continuing the amazing drama in the wake of the ban of retail forex broker FXCM Inc (NASDAQ:FXCM) and its CEO Drew Niv from the US FX market, and the subsequent sale of FXCM's US clients to rival Gain Capital Holdings Inc (NYSE:GCAP), LeapRate has learned that FXCM has made filings with US regulators that it plans to…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Broad Reach Investments. 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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Migration completed with failure rate of 0% / First settlement day on ECB platform successfully concluded The Central Securities Depository (CSD) within Deutsche Börse Group, Clearstream, completed its migration to the TARGET2-Securities (T2S) platform, run by the Eurosystem, with a failure rate of zero percent. Clearstream also successfully concluded its first settlement day on the…
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Dukascopy Bank, the FINMA regulated Switzerland-based Forex brokerage announced it has launched a new mobile Q&A service. It is specially developed and powered by the Swiss Dukascopy Bank. Dukascopy 911 was launched on 1st of February at noon, 12:00 GMT and provides Dukascopy clients with instant relevant answers. The service works both ways - you…
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ICICI Securities Ltd, a subsidiary of ICICI Bank and India’s integrated financial services firm and Copenhagen based multi asset broker Saxo Bank, just announced a strategic partnership to offer Saxo’s trading and investment capabilities via a digital platform to Indian Investors. The partnership will enable ICICI Securities’ 4 million clients on ICICIdirect.com, India’s investment portal,…
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Payments services company Paysafe Group Plc (LON:PAYS) announced that Oscar Nieboer has been appointed as the Group’s first Chief Marketing Officer (CMO), joining the payment provider’s executive leadership team and reporting to Paysafe President and CEO Joel Leonoff. Nieboer brings extensive experience in ecommerce, technology and payments. He has worked both in the UK and…
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