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 Avalon Consultancy/ Avalon Group. Avalon Consultancy/Avalon Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on…
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DB1 Ventures, the Corporate Venture Capital arm of Deutsche Börse Group, has participated in a Series B financing round for the Hamburg-based FinTech company figo GmbH and is investing a seven-digit amount for a significant minority stake. Further investors are reputable business angels from Germany. figo raised around €6.8 million in total in the current…
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Clearstream, jointly with DekaBank, has developed a settlement solution that supports domestic settlement of DekaBank’s cleared trading activity on Euronext, tpREPO and BrokerTec across the markets of Belgium, France and the Netherlands. The model responds to an increasing market need for simplified cross-border settlement and contributes to current EU-wide efforts to harmonise practices across Europe's…
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The FCA regulated Retail Forex brokerage market is getting increasingly crowded, with the latest entrant being XM.com. XM.com, which has been operating as a CySEC regulated company out of Limassol, Cyprus, announced the opening of a London office under a new license granted to the company's new UK subsidiary Trading Point of Financial Instruments UK Limited.…
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Online trading company iFOREX has become the Official Sponsor and Official Trading Partner of PSV Eindhoven. iFOREX joins the current Dutch Champions at an exciting time as they are challenging for their third Eredivisie title in as many seasons. The partnership agreement, negotiated by leading London-based sports marketing agency SportQuake, will provide iFOREX with extensive…
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ASIC has provided relief for members of the Financial Planning Association of Australia (FPA) who subscribe to the FPA Professional Ongoing Fees Code (the FPA Code) from compliance with the opt-in requirement. The relief is faciltated by ASIC's approval of the FPA Code. The opt-in requirement was introduced as part of the Future of Financial…
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Binary options platform provider SpotOption has just announced the successful launch of the latest trading product, CFDs. The CFD platform allows for trading on stocks, commodities, currencies, and indices, in major markets around the world, with flexible leverages, no shorting rules or borrowing stocks, and professional executions with guaranteed stop-loss and take-profit. The platform's transparency…
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STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, has announced the new composition of STOXX Benchmarks and their sub and sector indices, among them the STOXX Europe 600 Index, STOXX North America 600 Index and STOXX Asia/Pacific 600 Index. Effective as of the…
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The MNI China Business Sentiment Indicator, a gauge of current business confidence, rose 1.7% to 53.1 in November from 52.2 in October. Firms remained relatively more upbeat about the future, with the Future Expectations Indicator holding above the current measure, signalling that business conditions will likely continue to hold up. Key activity indicators also pointed…
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Binary options platform provider and operator TechFinancials Inc (LON:TECH) issued a Trading Update on its 2016 financial results, which seemed to indicate that things are going well at the company. TechFinancials, whose primary business is selling Binary Options platforms but also operates its own binary options brand OptionFair, stated that trading in H2 2016 has been consistent…
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