November 10, 2015 BY Maria Nikolova

Hong Kong court orders freeze of assets of Maxim Trader

The Hong Kong authorities have shown they are capable of rigid actions against unlicensed Forex companies... The Court of First Instance has granted various interim orders against Maxim Capital Limited (Maxim Capital), an unlicensed investment firm, including freezing all its assets in Hong Kong totalling approximately HK$23.5 million ($3.03 million). The court decision was made…

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November 10, 2015 BY Maria Nikolova

FCA proposes establishment of “regulatory sandbox”

The Financial Conduct Authority today published a special report to Her Majesty’s Treasury on the feasibility and practicalities of developing a regulatory sandbox. The latter is supposed to be a ‘safe space’ in which businesses can test innovative products, services, business models and delivery mechanisms without immediately confronting all the normal regulatory consequences of engaging…

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November 10, 2015 BY Maria Nikolova

Numerix deploys OneTick to boost risk analytics, market data capabilities

Numerix LLC, a provider of cross-asset analytics for derivatives valuations and risk management, today announced the integration of OneMarketData's OneTick enterprise data management platform. The platform is now integrated into the Numerix CrossAsset analytics suite. OneTick provides clean, consistent, normalized real-time and historical global market data and analytics. The unified solution offers Numerix customers a…

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November 10, 2015 BY Maria Nikolova

TAIFEX registers steep rise in RMB futures volumes in October 2015

Taiwan Futures Exchange (TAIFEX) has earlier today published its operating metrics for October 2015, with the month showing a recovery in trading volumes, including RMB futures volumes, after a subdued September. The Exchange set a record last month, as the total trading volume from January to October 12, 2015 reached 202,878,207 contracts, breaking the previous…

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November 10, 2015 BY Maria Nikolova

Daniel Silvers steps down from bwin.party's Board of Directors

bwin.party Digital Entertainment Plc (LON:BPTY), which is about to be acquired by GVC Holdings PLC (LON:GVC), announced today that Daniel Silvers, a Non-Executive Director, is stepping down from the Board with immediate effect. Mr Silvers was appointed to bwin.party's Board in May 2014 as nominee on behalf of one of the Company's shareholders, SpringOwl Gibraltar…

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November 10, 2015 BY Maria Nikolova

HSBC to become market maker for Yuan trading vs Swiss franc

There is an interesting piece of news confirming the growing interest in Chinese yuan trading. According to a report in the Financial Times, HSBC Holdings plc (LON:HSBA) is about to become a market-maker for trading the renminbi and the Swiss franc in the country's interbank Forex market. HSBC, known as a long-standing advocate of the…

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November 10, 2015 BY Maria Nikolova

OzForex registers record turnover in H1 FY 2016

Ozforex Group Ltd (ASX:OFX), an international provider of online payment services, has earlier today posted a set of robust financial metrics for the six months to September 30, 2015, that is, the first half of the Group's fiscal year 2016. Turnover for the six months to September 30, 2015, amounted to A$10 billion (US$ 7.05…

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November 10, 2015 BY Maria Nikolova

Paysafe provides Q3 trading update, results in tune with expectations

Paysafe Group Plc, formerly known as Optimal Payments Plc (LON:OPAY), today published an update on its performance for the third quarter of 2015. The Group said it saw strong trading during the third quarter and that the full-year Group revenue and EBITDA before synergies are in line with management expectations. The integration of digital payments…

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November 10, 2015 BY Maria Nikolova

ESMA agrees to extend short selling ban on shares in five Greek banks

The European Securities and Markets Authority (ESMA) last night published an opinion agreeing with Greek regulator HCMC that a short selling ban on shares in five Greek banks should be extended. The previous ban, which covered shares in Alpha Bank A.E., Attica Bank S.A., National Bank of Greece S.A., Eurobank Ergasias S.A., and Piraeus Bank…

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November 09, 2015 BY Maria Nikolova

Optimal Payments changes name to Paysafe

Optimal Payments Plc (LON:OPAY) has been renamed Paysafe Group Plc and the Group's website address is now www.paysafe.com. The changes are effective immediately, the Board of Paysafe said in an announcement today. In addition, from tomorrow - November 10, 2015, the Group's London Stock Exchange Tradable Instrument Display Mnemonic ("TIDM") will change from OPAY.L to…

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