FCA and CySEC licensed Retail Forex broker FxPro has sent a note out to clients, indicating that it is returning to margin requirements to normal for most currency pairs (see details below). However for the time being, FxPro is leaving its new (tighter) margin requirements in place for Precious Metals, Spot Indices and Shares. FxPro had…
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The corporate bond investment and financing platform UK Bond Network has received direct authorisation from the Financial Conduct Authority. The approval from Britain’s financial regulator is a landmark for the company and follows the successful completion of the FCA’s authorisation process over several months to ensure regulatory standards are met. Previously, UK Bond Network operated under…
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The Board of the International Organization of Securities Commissions (IOSCO) has published a consultation report titled Other CRA Products, which seeks further insight into how market participants use non-traditional, products or services offered by credit rating agencies (CRAs). The objective of the consultation report is to clarify information provided by respondents to two survey questionnaires…
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ASX and ASIC have today invited the 100 largest ASX-listed companies to participate in the ASX 100 Cyber Health Check, a survey to benchmark the levels of cyber security awareness, capability and preparedness within Australian business. Participation by companies is voluntary, with responses sought by mid-December 2016. Companies that participate will receive a confidential report…
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The UK Financial Conduct Authority has put out details of the cloned firm UK Loans. 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 to scam…
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TechFinancials Inc. (AIM: TECH), a technology provider to financial trading brokers, has announced that a former employee of TechFinancials has undertaken a cashless exercise of 79,845 options pursuant to the 2014 employee share option plan, to acquire 45,329 ordinary shares of US$0.0005 in the Company in consideration for the cancellation of the balance of 34,516…
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ANZ has announced that David Plank will join as Head of Australian Economics reporting to Richard Yetsenga, ANZ Chief Economist. Mr Plank joins ANZ from Deutsche Bank, where he held the positions of Head of Fixed Income and Credit Research Asia Pacific and Head of Macro Research and Strategy Australia & New Zealand. Prior to…
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Financial innovation firm R3 has collaborated with the Monetary Authority of Singapore (MAS) to launch its first distributed ledger technology (DLT) Center of Excellence in Asia as it continues to expand its presence in the region. As Singapore’s central bank and financial regulatory authority, the MAS will support the development of the R3 Asia Lab…
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Moscow Exchange (MOEX) has announced its financial results under International Financial Reporting Standards (IFRS) for the third quarter of 2016. Increases in fee and commission income from the Money Market, Fixed Income Market and Depository & Settlement Services partially offset lower interest income and allowed the company to maintain its best-in-class EBITDA margin. Key financial…
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LCH, a global clearing house, has announced that its SwapClear service has cleared a total of $1 trillion in notional of inflation swaps since the service launched in April 2015. This achievement follows a significant increase in cleared activity on the buy and sell side following the implementation of non-cleared margin rules in September 2016.…
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