UK 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 the company Mirex Group Ltd. Mirex Group Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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OKEx, the second-largest cryptocurrency exchange by traded volume, has recently launched a new product called Perpetual Swap, which is a virtual derivative based on BTC/USD price speculation. The mechanism behind the new derivative product is similar to the one of futures contracts. The major difference, however, is that the perpetual swap does not have daily…
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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 21, 2018. Highlights include: BCH Leads Crypto Bull Run: Crypto’s recent bull run has been headlined by Bitcoin Cash, which has risen nearly 200% since Monday. The cause of this meteoric rise is possibly…
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Moscow Exchange has announced that its indices rebranding will be completed on 21 January 2019. The exchange has already introduced the new names and codes here. MOEX Russia Index has been changed earlier this year across all Moscow Exchange data and trading systems. The new ticker – IMOEX – has replaced MICEXINDEXCF. The name of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm DWK Financial Home. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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Bitcoin is back once again over an all-important psychological support level of $4,000. The price of the most popular cryptocurrency dropped to its lowest point since August 2017 last month. Its price however is now slowly, but steadily, rising more than 7% yesterday alone and 33% over the last 5 days. According to some, this…
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The Autorité des marchés financiers (AMF) has announced that Philippe Sourlas, previously deputy director of the Asset Management directorate, is now Managing Director in charge of the Asset Management Directorate. Philippe Sourlas started his career at the Inspection Générale des Finances in 2006, before joining the Autorité de Contrôle des Assurances et des Mutuelles (ACAM),…
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UK 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 the company Tradex Options. Tradex Options is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Eurex Clearing starts offering clearing services for swap transactions to clients of futures commission merchants (FCMs) domiciled in the U.S., Deutsche Boerse announced earlier today. CFTC has already given Eurex Clearing authorization to provide clearing services for swaps for U.S. clearing members as well as their customers The U.S. is an important market for us,…
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FINRA has informed the public that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. for improperly selling shares in initial public offerings (IPOs) to industry insiders. Merrill Lynch will pay a $5.5 million fine, and disgorge $490,530 it earned as revenue from the sales. IPOs included Facebook, Inc. (NASDAQ:FB), General Motors Co. (NYSE:GM),…
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