The Financial Conduct Authority (FCA) has just published its new rules and fees that will apply to all claims management companies (CMCs) from April 2019. Jonathan Davidson, Executive Director of Supervision – Retail and Authorisations at the FCA, said: We’re ready to take over regulation on 1 April 2019. The new regime aims to drive…
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Digital trading technology firm DriveWealth, LLC has just informed that it has partnered with Avenue Securities. Avenue Securities is a Miami based digital brokerage founded earlier this year by Brazilian entrepreneur Roberto Lee. The company provides easy access to mostly Brazilian retail investors interested in securities traded on U.S. exchanges. DriveWealth CEO Robert Cortright commented: We are…
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When we think of regulators, we normally envision government officials auditing financial service firms, incarcerating fraudsters, and generally being a pain in the neck for all those within their purview, but one key part of their mission statement is also to educate the investing public and keep them aware of important trends. In that latter…
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LiquidShare's European post-trade settlement infrastructure for shares in small and medium sized enterprises (SMEs) using blockchain enters into pilot phase on Euronext’s markets today. LiquidShare is a European fintech venture which was launched last year and created by BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale with the support of Paris EUROPLACE. LiquidShare’s…
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Australian regulator ASIC has just issued a warning against the scam companies Luxembourg Offshore Banking and LUXOSB Limited. Scammers are claiming to be from ASIC, although they are not regulated it, nor licensed or authorised in Australia to provide financial services. Both scam companies are using the cold-calling method, and claim to offer an investment…
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Copenhagen based Retail FX broker Saxo Bank has just announced that it has reached a conditional agreement with Dutch online brokerage BinckBank on a recommended all-cash public offer of EUR 6.35 (cum dividend) per issued and outstanding ordinary share and priority share of BinckBank representing a total consideration of EUR 424 million. The offer price…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: The European Central Bank decided to end its LTRO at the end of the year, but did not indicate a short-term rate hike schedule. In the absence of interest rate hikes and time, the euro fell against the dollar.…
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Facebook is on a hiring blockchain spree. The company has started forming a blockchain group in mid-2018, and now has over 40 "blockchain" employees. Facebook was rumoured to be launching its very own digital coin. David Marcus, who was a President at Paypal and a Board Member in Coinbase, has joined Facebook in the blockchain…
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The government of Switzerland has announced that it will create legal environment for the blockchain industry. The strategy aims to position Switzerland as a major blockchain “destination” and a blockchain-friendly jurisdiction. According to Swissinfo, the major focus of the blockchain strategy is for the government to introduce decentralized digital tokens across the business sector, especially…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 14, 2018. Highlights include: Declining Stocks for the Asian Market: Chinese investors woke up to a steep dive in retail sales and industry production rates, bringing the lowest figures in more than a decade.…
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