Anthony Jenkins, the former Barclays Bank CEO who last year forecast a 50% cut in bank branches and staffing due to digital upheavals in the sector, has joined non-bank foreign exchange firm Currencies Direct as non-executive chairman. Jenkins in May told a meeting in Parliament that he had reviewed 100 fintech businesses and met 50 as…
Read moreThomson Reuters has seen a significant increase in new Eikon Messenger account registrations after the announcement that Yahoo will discontinue support for its legacy messaging and API service on August 5, 2016. Global energy company Gazprom Marketing and Trading Limited and Dong Energy, Denmark’s largest energy company, are the latest firms to publicly endorse Eikon…
Read moreThe Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has announced that with effect from 12 August, 2016 (Friday), 25 additional securities will be eligible for short selling and 32 existing designated securities will be removed from the list. The total number of designated securities for…
Read moreThe new version of the MetaTrader 5 for Android features a free built-in chat, which traders can use to chat with other MQL5.community members straight from the platform. Now it is possible to send an instant message directly to a selected recipient's mobile device. Traders can now chat with any MQL5.community member at any time…
Read moreA new partnership between Avelacom and SGX aims to improve accessibility of low latency applications that are in high demand among hedge funds, trading firms, investments banks both within and outside the APAC region. Avelacom’s network comprises of the most direct, low latency fiber routes with Singapore. By setting up a new point of presence…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Consent Order imposing a permanent injunction against Defendants Hendrik A. Van Beuningen and his company, DeBrink Trading Fund I, LLC, and requiring them to pay a $430,000 civil monetary penalty and restitution of $480,000 to defrauded pool participants. The Court’s Order against the Defendants…
Read moreRay Kahn, who held many of the senior roles in banking giant Barclays PLC (ADR) (NYSE:BCS)'s clearing business over the past 8 years, is no longer with the bank. A spokesman for Barclays declined to comment on Kahn's departure, but said the bank is still committed to its swaps clearing business. Clearing, which involves a third party stepping…
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…
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…
Read moreUK 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 Inter Global Limited firm, operating from website www.fx-inter.com. The firm has been providing financial services or products in the UK without FCA’s authorisation. FCA has warned that Inter Global…
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