The Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to inform investors that, at its meeting held on September 5th 2016, decided to impose a total administrative fine of €180,000 ($202,356) to the CIF IQ Option Europe Ltd. As a result of the same meeting, CySEC also decided to impose a total administrative…
Read moreBusiness information giant Thomson Reuters Corp (NYSE:TRI) has announced the launch of Fintech Innovation Challenge. This is the first such initiative in India to identify and collaborate with innovative local technology startups to create a rich and inclusive ecosystem to support data-driven businesses in the financial services industry. As a part of its open strategy, Thomson Reuters…
Read moreFCA regulated online trading firm London Capital Group Holdings plc (LON:LCG) has announced its interim results for the six months ended 30 June 2016. Operational Highlights - Growth in total monthly active clients - increased 2% to 4,141 (H1 2015: 4,060) This despite challenging trading conditions in Q2-16 prior to Brexit. - Growth in monthly…
Read moreClearing house LCH has announced that Commonwealth Bank of Australia (CBA) has become its first Australian Protected Payments System (PPS) Bank. Having an Australian PPS Bank enables LCH to make and receive Australian Dollar payments in the local time zone. The PPS system is the method by which LCH calls and pays cash margin to its clearing…
Read moreSberbank CIB, the corporate and investment banking business of Sberbank, has announced the appointment of Vladimir Yarovoy as Head of Electronic Markets Distribution, Managing Director, within its Global Markets department. Yarovoy will be responsible for driving the adoption of Sberbank Markets, a multi-asset class electronic trading platform that enables Sberbank CIB and its clients to streamline…
Read moreThe European Securities and Markets Authority (ESMA) has issued a consultation paper on draft technical standards implementing the Securities Financing Transaction Regulation (SFTR), which aims to increase the transparency of shadow banking activities. Securities financing transactions (SFTs) are transactions where securities are used to borrow cash (or other higher investment-grade securities), or vice versa –…
Read moreAs of today, va-Q-tec AG (ISIN: DE0006636681) has been listed in the Prime Standard of the Frankfurt Stock Exchange. It is the first company from Deutsche Börse's Venture Network to go public in Frankfurt. Carsten Kengeter, CEO of Deutsche Börse, said: Corporate and growth financing are core tasks of exchange operators. Over the last two…
Read moreCopenhagen-based Multi Asset broker Saxo Bank has reported a net profit of DKK 158 million (about USD $24 million) for the first six months of 2016. Client collateral deposits continued to rise at Saxo Bank, up by DKK 6 billion compared to H1 2015, to reach a record high of DKK 82 billion. Revenues at Saxo Bank…
Read moreIn addittion to yesterday's MetaQuotes announcement about the updated MetaTrader 5 multi-asset web platform, the company has informed that it has made several updates to its iOS version. The updates for MetaTrader 5 iOS are: Changed Trade section display — trading data representation now depends on the risk management system on a trading account: Retail Forex,…
Read moreHong 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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