August 03, 2016 BY Valentina Kirilova

Hong Kong SFC adds Harver Group to its alert list

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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August 03, 2016 BY Valentina Kirilova

Sydney Klein sentenced after guilty plea to fraud charges

The Ontario Securities Commission (OSC) has announced that Sydney Klein, of Thornhill, Ontario, was sentenced to two years of probation with conditions at the Ontario Court of Justice in Newmarket, Ontario. Klein’s conditions require him to cease trading in securities, to refrain from acting in, and to resign, from any officer or director positions in…

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August 03, 2016 BY Valentina Kirilova

TechFinancials' operating performance improves substantially, EBITDA is up 80% in 2016

Binary platform provider and operator TechFinancials Inc (LON:TECH) has issued a statement indicating that its 2016 first half results should be in line with expectations. In addition to the company's previous formal statement, here are some more highlights: Trading in the first half of 2016 has been strong; Operating performance improved substantially compared with the…

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August 03, 2016 BY Valentina Kirilova

Monex Group OTC FX volumes down 10% MoM in July

Online trading services provider Monex Group, Inc. (TYO:8698) has just published its key operating metrics for July 2016 and its Global daily average revenue trades (DARTs) is down from June levels, which were 293,426 in numbers, and is now only 275,082. This slight drop might be due to the 4th of July holidays which is usually followed by…

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August 03, 2016 BY Mike Fox

Ledger technology firm Digital Asset announces CFO and other key senior hires

Digital Asset, a developer of distributed ledger technology for the financial services industry, today announced that it has made several key senior hires across its global offices. The company has appointed Carol Mathis as its Chief Financial Officer. Mathis joins from RBS Corporate and Institutional Bank where she was Chief Operating Officer and previously CFO.…

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August 02, 2016 BY Valentina Kirilova

Moscow Exchange FX volumes drop to RUB 25.9 trillion in July

Moscow Exchange (MCX:MOEX) has announced that its total trading volumes increased by 12.3% YoY to RUB 65.7 trln in July 2016. The Money Market posted the strongest growth, with volumes increasing 52.4% YoY. Equity & Bond Market Secondary market turnover in shares, RDRs and investment fund units was RUB 656.9 bln (July 2015: RUB 689.3 bln).…

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August 02, 2016 BY Valentina Kirilova

Financial institutions provider Axioma launches Australia office

  The innovative risk-management and portfolio-construction solutions to financial institutions provider Axioma has announced the launch of its Australia office and the appointment of Brian Smith as the Head of Australia and New Zealand. The launch underscores the increasing demand from institutional clients and asset owners for risk-management and portfolio-construction tools to support decision-making across complex multi-asset…

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AMF alerts list
August 02, 2016 BY Valentina Kirilova

AMF bans Rodeler Limited (24option) from providing financial services in France

The service provider Rodeler Limited (regulated by the Cypriot financial regulatory agency) offers access to binary options, particularly Forex, and does not comply with certain professional obligations. The AMF has therefore decided to ban the company from providing services to both new and existing clients in France. This decision takes effect on August 1, 2016. The…

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