Cyprus financial regulator CySEC has issued a note to all regulated entities on the island, asking them to report the effect of post-Brexit vote trading. The note, signed by CySEC Chairman Demetra Kalogerou (pictured above), asks all CIF regulated entities to report the amount of their own funds, and their capital adequacy ratio to CySEC. It…
Read moreWell, the next spike is here. While not totally a surprise like last year's move by the Swiss National Bank to stop artificially holding down the value of the CHF leading to a 20% spike in the value of the Swiss Franc, Thursday's somewhat unexpected win by the Leave side in the historic Brexit vote has…
Read moreInvestment giant Merrill Lynch, a unit Bank of America Corp (NYSE:BAC), has been assessed a total of $430 million in fines by the U.S. Securities and Exchange Commission and The Financial Industry Regulatory Authority (FINRA). The fines relate to a misuse of client funds by Merrill Lynch, as well as misleading investors in the sale of structured…
Read moreToyota Financial Services, the U.S. finance and insurance arm of global auto giant Toyota Motor Corp (ADR) (NYSE:TM), has announced that it has joined financial innovation firm R3’s consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. Toyota Financial Services, which is the first automotive financial services provider to join…
Read moreMoscow Exchange has announced the launch dates for new functionality on the Derivatives (TCS SPECTRA) and FX (TCS ASTS) Markets. As we had previously reported, Moscow Exchange had postponed the date of the enhancements as it had decided to extend the testing period for new functionalities on SPECTRA and ASTS. The new launch dates are: July 4,…
Read moreIs it the calm before the storm? Or just plain ol' calm? With Brexit Referendum Day finally here and UK residents well into their day of voting, financial markets were behaving quite nicely with a very clear positive risk-on bias. In the UK, the FTSE 100 was up 1.5% two and a half hours into…
Read moreThe indices measure the performance of RMB against a basket of Mainland China’s most important and relevant trading partners' currencies
Read moreLuxembourg-based Fintech services company MyBucks S.A., which operates the GetBucks, GetSure and GetBanked brands and provides financial products and services to the low and middle-income consumer segment, predominantly in emerging markets of SubSaharan Africa, has successfully raised €15.5 million in an IPO on the Deutsche Bourse's Frankfurt Stock Exchange. Hauck & Aufhäuser Privatbankiers KGaA acted as Sole Global…
Read moreWell here is an interesting twist on how to make money defrauding traders. Until you get caught. The U.S. Securities and Exchange Commission has announced that it has obtained an emergency court order to freeze the assets of a United Kingdom resident charged with hacking into the online brokerage accounts of U.S. investors, making unauthorized trades…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Paul G. Byron of the U.S. District Court for the Middle District of Florida (Orlando Division) entered a Default Final Judgment Order against Defendants Dante S. Giovannetti and his companies Emini Experts, LLC(Emini) and Capital Trading Concepts LLC (Capital Trading) for defrauding clients in…
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