The Commission de Surveillance du Secteur Financier (CSSF) just warned the public of the activities of an entity named Pageon Bank S.A. According to CSSF, Pageon Bank S.A. claims to be established at 18, rue Robert Stumper, L-2557 Luxembourg. The CSSF informed that the entity Pageon Bank S.A. has not been granted the authorisation required…
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Brexit is no longer the biggest risk to the UK financial system, the Bank of England Governor has declared. According to Sky News, Mark Carney shared that the economy was growing more strongly than he or the rest of the Monetary Policy Committee had expected in the wake of the referendum. Mr Carney commented: Strictly speaking,…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against J.P. Morgan Securities LLC (JPMS), a Delaware corporation headquartered in New York City, for failing to diligently supervise its officers’, employees’, and agents’ processing of exchange and clearing fees it charged customers for trading and clearing Chicago Mercantile Exchange, Inc.…
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NEX Data, a NEX Group (LON:NXG) business which delivers global pricing data and information solutions, and Tradition, an interdealer broker in over-the-counter commodity and financial products, just announced that they have agreed a distribution partnership. NEX Data will become a key distributor for Tradition’s market data and information services division, TraditionDATA. The agreement includes real-time and end-of-day…
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For those in the European or UK Forex, CFD and retail financial services industry hoping for some form of license passporting to remain in place as part of Brexit, it doesn't look like you'll get your wish. UK financial industry lobby group TheCityUK, put together by a number of the UK's leading banks and financial…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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In December, Moscow Exchange’s Indices reflected the positive trend on the Russian stock market. The MICEX Index was up 6.07% to 2,232.72 (from 2,104.91 on 30 November), while the dollar-denominated RTS Index rose 11.98% to 1,152.33 (from 1,029.05). The dollar depreciated 7.19% against the rouble. Volatility increased, with the Russian Volatility Index rising 11.97% to…
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Payments services company Paysafe Group Plc (LON:PAYS) issued a fairly rosy Trading Update ahead of the release of full 2016 year results. Paysafe’s brand portfolio includes NETELLER and Skrill, MeritCard, paysafecard, payolution, Income Access and FANS Entertainment. Overall, Paysafe expects to surpass the $1 billion annual revenue milestone for FY 2016, with FY revenue and EBITDA expected…
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CBOE Vest, an investment manager focused on Target Outcome Investment strategies, announced it has launched the CBOE Vest S&P 500 Enhanced Growth Strategy Fund (ENGIX). The fund is designed to track the CBOE S&P 500 Enhanced Growth Index Balanced Series (SPEN). Conventional strategies that aim to deliver enhanced upside performance typically accomplish this through leverage.…
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